A couple of credit unions in the north have received regulatory approval to merge.
They include Northern Credit Union, which serves North Bay and 23 other communities and Copperfin Credit Union, with locations in Thunder Bay and Kenora.
Officials say the merger is designed to improve financial resilience and ensure a sustainable future.
“The impending merger represents a transformational opportunity, driven by a shared vision to deliver superior service, comprehensive product offerings, and a dedication to community enrichment,” says Richard Adam, President & CEO of Northern Credit Union. “This is a pivotal moment in our merger journey, where members from both credit unions have the opportunity to exercise their democratic rights and influence the course of the future of our organizations.”
Voting on the merger begins June 3.
Officials say they will be donating $1 for every member that casts a vote, to combat food insecurity in Northern Ontario.
