
Sign the Letter of Interest
Water Credit Union (proposed) is gathering expressions of interest from local businesses as part of preparing a new federal credit union charter application. Read the letter below, then add your digital signature. It's completely non-binding.
Water Credit Union
(In Organization — Proposed Federal Credit Union Charter)
watercu.com
LETTER OF INTEREST
To Whom It May Concern:
My name is Rajesh Patil. I am the organizer of Water Credit Union, a new federal credit union currently in the process of being chartered by the National Credit Union Administration (NCUA), the U.S. federal agency that charters and regulates federal credit unions. I have been a credit union member for 25 years and have spent the last 15 years working directly for and with credit unions, including five years as a Digital Transformation leader at First Tech Federal Credit Union, one of the largest credit unions in the country. I am building Water Credit Union to serve small business owners, solopreneurs, entrepreneurs, and the people connected to their businesses.
As part of the information NCUA requires organizers to gather when applying for a new federal credit union charter, we are documenting expressions of interest from businesses and their owners and employees regarding Water Credit Union. This letter is an invitation for your business to indicate interest in two things: (1) allowing us to present Water Credit Union to your owners and employees once we are further along in the chartering process, and (2) your own interest in the possibility of your owners and employees becoming members once Water Credit Union receives its charter.
Please read carefully: This letter is strictly a non-binding expression of interest. It is not a membership application, not a financial commitment, and not a legal obligation of any kind. Signing this letter does not commit your business, its owners, or its employees to anything. It simply indicates that you would be open to learning more about Water Credit Union and to us presenting membership information to your owners and employees once the credit union is chartered.
Water Credit Union does not yet exist as a chartered institution. No accounts can be opened, no deposits can be accepted, and no membership can be finalized until NCUA approves our charter application. We will follow up directly once we are able to formally present membership details.
If your business is interested, please complete and sign below. Thank you for considering supporting this effort.
Sincerely,
Rajesh Patil
Organizer, Water Credit Union · [email protected] · 408-859-3121 · watercu.com
Expression of Interest
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