Vancouver Island’s Coastal Community Credit Union is considering a merger with Integris, a credit union serving north-central BC.
The two credit unions announced on April 2 they have signed a memorandum of understanding to explore a merger.
In a joint statement, the credit unions say they believe merging will allow them to enhance services for customers, and also to better position them to be more innovative.
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Both credit unions were founded in 1946. Combined, they would hold about $5.7 billion in assets. If the boards of both credit unions approve the merger, it will be subject to review and approval by provincial government agencies.
