730 CKDM - The Parklands Best

Tuesday, 17 October 2017 16:22

Sunrise and Prairie Mountain Credit Unions to merge

The Sunrise Credit Union and Prairie Mountain Credit Unions have recently entered into merger discussions.

Board of Directors from both organizations are pursuing an amalgamation with a legal merge date of April 1st of next year.

Because a merger with PMCU would account for less than 10% increase in assets the merger can be approved by the Sunrise Credit Union Board of Directors without a full membership vote. MCU members will have an opportunity, however, to vote at a special meeting held in Ste. Rose in December. A date is not yet announced.

All jobs in both organizations will remain safe from cuts and an expanded range of development opportunities are available for staff due to a larger organization.

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