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CU System
Members approve 3-way merger create Albertas largest CU
EDMONTON, Alberta (3/20/08)--Community Savings CU members voted Tuesday night 99% in favor of merging with two other Alberta-based credit unions to create Canada’s first province-wide credit union. The credit union does not yet have a name, but will begin operating Nov. 1 as the third-largest credit union in the country. It will have $9 billion in assets and 92 branches (Canada.com March 19). Tuesday’s vote was the third and final membership vote needed to approve the proposed merger among Community Savings CU, Red Deer; Servus CU, Edmonton; and Common Wealth CU, Lloydminster.


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