Osoyoos Credit Union (OCU), Revelstoke Credit Union (RCU), and Summerland Credit Union (SCU) have received regulatory consent to merge. The final decision now rests with our members. Voting will be open from Monday, May 26th, 2025 through to Monday, June 2nd, 2025.
For over 70 years, OCU, RCU, and SCU have been at the heart of our communities, offering not just financial services but a commitment to the well-being of our members. By coming together, we are strengthening this legacy and building a united credit union that will continue to prioritize you—our members—and the communities we serve.
Our shared vision is built on a commitment to the financial well-being of our members. As a merged credit union, we will have the capacity to offer enhanced products, services, and solutions that meet your evolving financial needs. Whether you're looking for modern, digital banking tools or prefer the personalized advice of a trusted financial expert, our goal is to provide you with flexible, customized services that empower you to achieve your financial goals. With a larger, more robust team of professionals, we can offer deeper expertise and a wider range of services to support your financial well-being.
With combined assets of $890 million and six branches serving over 16,350 members, the merged credit union would be well-positioned to navigate industry changes while keeping a local, member-first focus. This scale will help us improve digital banking, optimize internal processes while meeting regulatory expectations, and attract top talent, all while maintaining the high level of service you expect.
A merger would allow us to invest even more in local initiatives, financial education, and community support programs. Read more about the anticipated benefits of this merger.
Osoyoos Credit Union has been serving the community since 1946, growing into a full-service financial institution with branches in Osoyoos, Keremeos, Rock Creek, and Oliver. Committed to providing accessible financial solutions, it offers a range of products, including savings accounts, loans, mortgages, insurance, and investment services. Osoyoos Credit Union is dedicated to its members, supporting local initiatives and integrating technology to enhance banking convenience. With a strong focus on community and financial well-being, it continues to evolve while staying true to its cooperative values.
Revelstoke Credit Union has been a trusted financial partner in the community since 1953, growing from a small cooperative into a full-service institution serving over 4,700 members across the Columbia-Shuswap Regional District. Committed to financial well-being and community support, it offers a wide range of services, including mortgages, personal loans, investments, and insurance. Known as Revelstoke’s 'Community Partner,' it actively supports charities, events, and financial literacy programs. Embracing technology, Revelstoke Credit Union balances modern banking convenience with personalized service and cooperative values
Summerland Credit Union has been serving the community since 1944, growing into a full-service financial institution with a strong commitment to its 7,200 members. Offering savings accounts, loans, mortgages, insurance, and investment services, it continues to evolve while staying true toits cooperative values. Embracing technology, Summerland Credit Union provides modern banking solutions while maintaining its personalized service, primarily serving the Thompson Okanagan region from its Summerland location.