Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Canada CUs merge combined membership 2.8 million
VANCOUVER, British Columbia and MISSISSAUGA, Ontario (7/7/08)--Credit Union Central of British Columbia and Credit Union Central of Ontario officially merged on Tuesday, with a combined membership of 2.8 million. The new credit union will be named Central 1 CU. Central 1 will provide services to 196 member credit unions in British Columbia and in Ontario. It will have more than $7.5 billion in assets (Marketwire July 2). Credit Union Central of British Columbia acquired the assets of Ontario Central. Central 1 shareholdings will reflect the proportion of member credit unions in each province. The merger proposal was announced on Oct. 6, 2006, based on a concept that other provincial credit unions would join to create a single entity. Canada is currently served by six provincial credit unions and a national trade association. “We continue to see this as a first step toward a national financial services organization for credit unions,” said Daniel A. Burns, Central 1 chairman.


RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
16 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
17 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
17 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
20 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
23 hours ago