Grand Forks & District to merge with Gulf & Fraser Fishermen's; Copperfin and Northern credit unions to merge; Casera and Carpathia to join Access; East Kootenay Community & Heritage Savin | General financial discussion | Discussion forum

Same rationale, different credit unions...the credit union accelerated mergers parade continues:

Links:

* Grand Forks & District and Gulf & Fraser Fishermen's merger press release (GFDCU merger vote results | information sessions press release)

* East Kootenay Community Credit Union and Heritage Savings Credit Union, the latter in Dean's neck of the woods, merged effective January 1st, 2023, as StellerVista Credit Union (https://www.castlegarnews.com/news/east-kootenay-community-and-heritage-credit-union-merger-approved-by-members/), following a failed six-way merger proposal between Heritage, Grand Forks & District, Nelson & District, Kootenay Savings, East Kootenay Community, and Columbia Valley. It's only a matter of time before Columbia Valley and Nelson & District are forced into mergers with dance partners

* In Ontario, Copperfin Credit Union and Northern Credit Union are exploring a merger

* In Manitoba, Access Credit Union, which is really Crosstown Civic in the "driver's seat," is finalizing its three-way merger with Amaranth, Casera (and Casera Financial), and Carpathia (and Ideal Savings) credit unions, per https://www.pembinavalleyonline.com/articles/access-announces-merger-talks-with-casera-and-carpathia-credit-unions

* Also in B.C., First West Credit Union, which recently moved into its new Langley skyscraper and which operates under the Valley First, Envision Financial, Island Savings, and Enderby & District Financial brand names, is in the process of continuing as a federal credit union, https://www.bcfsa.ca/media/3179/download#:~:text=On%20December%208%2C%202021%2C%20First,Special%20Resolution%20by%20its%20membership.

* As a reminder, Saskatchewan's Innovation Credit Union, which is open to anyone in Canada already, is reportedly in the final stages of continuing federally

Cheers,
Doug