Why this Merger?

The proposed merger is an opportunity to create a stronger, more resilient credit union that can continue to positively impact members and employees in more communities. We believe we can achieve more together than we can individually.

Coming together as one credit union gives us greater scale and shared resources to support investments in technology, member service, our employees, and the communities we serve.

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Expected Benefits of the Proposed Merger

How will the proposed merger impact members, employees, and our community?

Expected Member Benefits

•  Continued personalized service across a wider network of branches and ATMs, including GVC’s existing branches and employees

•  More resources to serve members

•  Greater capacity to improve products and services

•  A stronger credit union for the future

•  Decisions made locally, right here in our province

Expected Employee Benefits

•  Career growth and advancement opportunities across a larger organization

•  A values-driven culture that continues to focus on collaboration, innovation, and employee well-being

•  Enhanced learning, training, and leadership development

Expected Community Benefits

•  Continued financial investment and impact in the community through donations, grants, sponsorships, bursaries, and partnerships

•  A credit union that continues to be locally owned and operated in British Columbia

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Your Vote Matters

The final decision to combine GVC with Cascadia rests with the members of GVC through a member vote.

Attend an upcoming open house from November 5th to 7th to learn more, ask questions, and talk with the leaders of GVC and Cascadia.

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Here’s What You Can Expect as the Merger Process Moves Forward

About Greater Vancouver Community Credit Union

GVC is one of the oldest credit unions in British Columbia, with 86 years dedicated to empowering people along their financial journey and enriching lives through the power of cooperation. From the beginning, the credit union has been a place where people can access fair, respectful, and personalized financial services. GVC is headquartered in Burnaby and serves members across Metro Vancouver and the Fraser Valley.
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Learn more about GVC.

About Cascadia Credit Union

Cascadia was formed on July 1, 2025, through the amalgamation of Osoyoos Credit Union, Revelstoke Credit Union, and Summerland Credit Union. That merger brought together three credit unions, each with more than 80 years of history, and a shared commitment to building relationships that improve financial health, enrich lives, and build healthier communities. Cascadia is headquartered in Summerland and serves members across the South Okanagan, Columbia Shuswap, Thompson Okanagan, and Kootenay regions.
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Learn more about Cascadia.

"GVC and Cascadia are well aligned in our values. We believe the proposed merger will expand member service, deliver greater benefits and opportunities for members and employees of both credit unions, and enhance our community impact."
Shaun Olafson, Chair of the Board of Directors for GVC
"With more than 20,000 members and 140 employees across six branches, the Merged Credit Union would have the financial depth and strength to do more and face the future with confidence"
Connie Denesiuk, Chair of the Board of Directors for Cascadia
The proposed merger is structured as an asset transfer, whereby Cascadia would acquire all the assets and assume all the liabilities of GVC. Following the completion of the proposed merger, GVC members would become members of Cascadia and it is anticipated that GVC members would continue to be served by Cascadia through GVC’s current branches in Burnaby, Surrey and Vancouver, plus Cascadia’s three branches, satellite branches, and contact centre.

Throughout this website, the term “
Merged Credit Union” refers to Cascadia after the effective date of the proposed merger, when it will be carrying on the business of both GVC and Cascadia.