Before us is an opportunity to build on our legacy and define our future. We want to ensure GVC members can be a part of a sustainable financial cooperative and credit union for many more years to come.
The environment for Canadian financial institutions, including our two credit unions, is dynamic and evolving. All financial institutions are being influenced by increased competition, rapid innovation, evolving member needs and expectations, advances in technology, economic challenges, regulatory expectations, and more. These forces create an environment that requires us to adapt and change.
The proposed merger between GVC and Cascadia is an opportunity to create a stronger, more resilient credit union. 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.
With the proposed merger, we are committed to maintaining the highly personalized service our credits unions are known for. Our credit unions were drawn to each other because our cultures and values are so well aligned.
The Merged Credit Union would have six branches and serve over 20,000 members with nearly 140 employees and more than $1.3 billion in assets. We believe the proposed merger will give us the financial depth and strength to do more for our local economies, communities, and members, and face the future with confidence.
“GVC and Cascadia have much in common. We share the same values, the same commitment to service, and the same vision for the future. We are excited for the potential that lies ahead.”
