In a special member vote, Ent Federal Credit Union members approved the credit union’s change from a federal to a state of Colorado charter, with 76.9 percent of the 35,729 member ballots received voting in favor of the proposal.

“Ent’s Board of Directors and management team strongly believe that this member-approved change to a state of Colorado credit union charter is in the long-term best interest of both the credit union and our members, and we appreciate our members’ participation in this important vote,” said Randy Bernstein, Ent’s president and CEO.

As a result of the charter change the credit union will remove “Federal” from its name, becoming known as Ent Credit Union and will be regulated the State of Colorado’s Division of Financial Services and insured by the National Credit Union Administration.

For more information about the benefits of changing to a state charter, read an earlier CSBJ story here.