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Crosstown Civic, Access Credit Unions Voting to Pursue Merger

February 21, 2020 9:50 AM | News

Bank of Canada Money

Canadian bank notes are seen in Ottawa on Wednesday, September 6, 2017. (THE CANADIAN PRESS/Adrian Wyld)

Two Manitoba credit unions are moving forward to complete a merger of the two organizations by seeking a membership vote.

Crosstown Civic Credit Union and Access Credit Union have completed their initial reviews and have determined a merger would benefit both organizations.

Both credit unions will be inviting their members to vote on a merger proposal on March 19, where a two-thirds majority vote will determine if the merger will proceed.

“Mergers represent a significant effort for both organizations and I’m pleased about the way in which our due diligence was conducted. We believe that this merger is in our members’ best interests in creating a strong, sustainable credit union,” said Ingrid Loewen, chair of the board of directors of Crosstown Civic Credit Union.

“We look forward to communicating the tangible benefits of this merger to our respective members as quickly as possible.”