IMPORTANT MESSAGE—

MERGER VOTE RESCHEDULED FOR JUNE 23-25, 2020

The Boards of Crosstown Civic and Access Credit Union are pleased to announce they have rescheduled the member vote on the proposed merger.

The vote originally planned for March 19th was postponed to support the local and national effort to reduce the spread of COVID-19. Voting will now occur over a period of three days from June 23 to 25, 2020. This vote is made possible by new orders recently introduced by the Government of Manitoba under The Emergency Measures Act which temporarily allow businesses to conduct member meetings and voting by telephone, electronic, or other virtual communication facilities. These provisions enable both Crosstown Civic Credit Union and Access Credit Union to maximize member participation in this important merger vote while maintaining the health and safety of both members and staff through social distancing.

Voting will take place from 8:30 a.m. CDT June 23 to 6:00 p.m. CDT on June 25, followed by a Special Meeting of Members to be held by telephone conference at 7:00 p.m. CDT on Thursday, June 25th where the results of this important vote will be announced. Details of the vote and the meeting are available on our website.

Both credit union partners collaborated throughout the emergency, providing assistance to each other. As part of good governance, both credit unions completed a review of any new potential impacts that could result from the pandemic. An addendum to the original business case was shared with the Board of Directors for their review and approval. As a result, both credit union Boards have recently signed an updated Amalgamation Agreement with an effective amalgamation date of January 1, 2021 and are inviting the respective memberships to vote on the merger proposal.