Enderby Credit Union members approve merger
Enderby and District Credit Union members have spoken.
During a special meeting Tuesday, EDCU embers voted to have the financial institution join Langley-based First West Credit Union.
“There was a real sense of excitement and anticipation among those who attended the special general meeting last night,” said Quentin Bruns, EDCU chairperson.
“We’re pleased that the membership has supported our vision for the future.”
Enderby and District Financial, as it will be known as of April 1, will retain its local brand and leadership.
“The real work begins now,” said Ted Morrison, EDCU general manager.
“We’re already planning how we can begin offering some great new products and services to the North Okanagan and Shuswap.”
The possibility of a merger between EDCU and First West was first announced in October 2012.
EDCU began in 1947 and it currently has 4,300 members and more than $55 million in assets.
First West is B.C.’s third-largest credit union, with $6.6 billion in assets and more than 169,000 members. It operates 37 branches under the Envision Financial and Valley First brands.
“Having a third partner join the First West family just goes to prove again that British Columbians and Canadians love our locally-focussed credit union,” said Launi Skinner, First West’s chief executive officer.