By Times Chronicle Staff
Members of Osoyoos Credit Union (OCU), Revelstoke Credit Union, and Summerland Credit Union will head back to the polls next month, but this time to vote on the proposed merger of the three credit unions, following the green light from the BC Financial Services Authority (BCFSA).
The three credit unions first announced their intent to merge in June, 2024. Since then, the three said they’ve been working closely, “laying a strong foundation and thoughtfully planning for a successful future.”
With regulator consent now in place, the three said in a group statement that they are ready to bring the proposed merger forward for member approval. Members of the three credit unions are invited to vote during the voting period of May 26 to June 2.
“Our members are at the heart of everything we do, and the decision to merge is no different,” says Diana Thomas, Board Chair at Osoyoos Credit Union.
“We’re seeking our members’ support and ask that they vote in favour of the proposed merger between Osoyoos Credit Union, Revelstoke Credit Union, and Summerland Credit Union.”
“We believe that merging will strengthen our ability to serve and support our members at every stage of life,” added Alan Chell, Board Chair of Revelstoke Credit Union. “By bringing our combined resources and expertise to the table, we’re confident that we can meet the challenges of today and seize the opportunities of tomorrow.”
Members can learn more online at yourfuturecu.ca, or by attending a virtual or in-person member information session. The three credit unions are also holding in-branch open houses.
The three credit unions have been serving Okanagan communities for over 70 years, with the three saying that by coming together, “we are strengthening this legacy and building a united credit union that will continue to prioritize you – our members – and the communities we serve.
The OCU also noted its support for local initiatives and strong focus on community and financial well-being, will continue to be a core focus.
