Coastal Community Credit Union and Integris Credit Union moving forward with next stage in proposed merger
North Central BC – Integris Credit Union and Coastal Community Credit Union have achieved a significant milestone, following the earlier announcement of an MOU to explore a merger. After thorough due diligence, both Boards have determined that merging the two credit unions is in the best interest of members, employees, and the communities they serve. Consequently, an application has been submitted to the BC Financial Services Authority (BCFSA) for preliminary consent.
Should the BCFSA provide approval to continue to proceed, the next step would be sharing the Member Guide which will cover important details such as vote eligibility, vote entitlement, and when members can expect results. The guide is anticipated to be released late summer/early fall. Information on the merger is currently available on both Integris and Coastal Community’s websites – a microsite is in development, expected to release this summer, to consolidate information into one easy-to-find location for members.
It is important for our members to know that as a merged credit union, we remain committed to serving you. The differences in our regions showcase individual strengths and opportunities to learn from one another and provide us with the ability to diversify our markets while building a combined credit union that is stronger together. This is an exciting opportunity, and we look forward to what comes next.
“The comprehensive and detailed work we have done together is a testament to our shared commitment to better serve our members, employees, and communities. We believe that by combining our strengths, we can create a stronger, more resilient credit union that will continue to thrive and grow,” Alexandra Goseltine, Chair of Integris’ Board of Directors.
“This merger represents a unique opportunity to bring together the best of both credit unions – and I believe both Integris and Coastal Community members will be better off because of this merger. We are excited about the possibilities that lie ahead and are confident that this union will enhance our ability to serve our members and communities. Together, we will build on our shared values and work towards a brighter future,” added Dominique Roelants, Chair of Coastal Community’s Board of Directors.
Together, we will build a stronger, more resilient credit union dedicated to serving our members and communities with excellence. Thank you for your support and trust as we move forward with the merger.
To learn more about Coastal Community Credit Union, visit https://www.cccu.ca/.
To learn more about Integris Credit Union, visit www.integriscu.ca.
Media contacts:
Allyson Prescesky | AVP, Community Impact and Corporate Communications
Coastal Community Credit Union | 1-888-741-1010
Mandy Guerin | Senior Manager, Office of the CEO & Special Projects
Integris Credit Union 1-866-554-3456
About Coastal Community
For over 75 years, we’ve been passionate about helping Islanders improve their financial health and protect what’s important. This vision is why we have grown to be the largest financial services organization based on Vancouver Island and the Gulf Islands. To help you improve your financial health, we offer a range of personal, business, and commercial banking and insurance* services, as well as wealth management through Aviso Wealth**. Our Island communities are our homes, so we make decisions based on our knowledge of the local market, strengthening local economies. And we never stop looking for ways to improve the way we do business. Coastal Community Credit Union acknowledges and respects that we are located on the Lands of the Coast Salish, Nuu-chah-nulth and Kwakwaka’wakw ancestors and families, whose historical relationships with the Land continue to this day. We continue to work toward building relationships with the Indigenous Peoples of this Land
*References to “insurance” refer to the property and casualty insurance provided through Coastal Community Insurance Services (2007) Ltd., an affiliate of Coastal Community Credit Union.
**Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
About Integris Credit Union
For almost 80 years, Integris Credit Union has proudly served our members as a local financial cooperative across north central BC. Our vision of partnering in your financial wellness to fulfill dreams and grow communities is achieved through a devoted team of experienced financial services professionals who work hard to ensure you feel welcomed, understood, and valued in every interaction. We are a collective of members who unite to choose local banking, insurance1 solutions, and wealth management2 advice with a shared objective: ensuring financial success is available to all who call this great place home. Our team leads by leaning into our values of being Passionate, Accountable, Empowered, Collaborative, and Innovative. As a living wage employer, Integris continues to be a leader and community enriching organization. We respectfully acknowledge that we operate on beautiful and unceded Dakelh and Secwepemc Territories – ancestral land, waters, and resources stewarded by the First Peoples. We recognize the historic and ongoing injustices faced by Indigenous peoples in Canada and commit to reconciliation, understanding, and building positive relationships with those on whose land we live, work, and play.
1 Insurance refers to products and services offered by Integris Insurance Services Ltd. (IISL) a wholly owned subsidiary of Integris Credit Union.
2 Wealth management refers to products and services offered by Integris Financial Planning Services Ltd. (IFPL) a wholly owned subsidiary of Integris Credit Union. Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc., Member CIRO and Canadian Investor Protection Fund. Online brokerage services are offered through Qtrade Direct Investing. Aviso Wealth, Qtrade Direct Investing, and Qtrade Guided Portfolios are divisions of Aviso Financial Inc.
