A merger made possible by our members.
The Boards of Directors of Crosstown Civic Credit Union and Access Credit Union announced the approval of the merger the evening of June 25, 2020 following the online and in-branch member vote held that week.
The resolution was passed with 87% of the Crosstown Civic members and 77% of the Access Credit Union members who voted in favour of the amalgamation. Both credit unions will officially merge into a new legal entity on January 1, 2021: the new Access Credit Union.
We have a lot to look forward to together in 2021.
With our financially strong merged credit union, we will have capacity to provide greater benefits for our members, employees, and communities. This includes investing in improved products and services, technological innovation, and a robust patronage program.
In addition, the new credit union will eliminate duplicated costs and take advantage of more economies of scale. These efficiencies will put the credit union in a stronger financial position long-term.
The new credit union will also have increased technological capacity for continued investments in leading edge technology, security, and experiences, as well as 26 convenient branch locations across rural Southern Manitoba and urban Winnipeg.
Our new credit union by the numbers:
Based on unaudited financial results up to December 31, 2019, here’s how we expect the new Access Credit Union to look in numbers:
$5.445B in balance sheet assets
26 branches in Manitoba
More than 84,800 members
More than 400 employees
Our new credit union on the map:
The following map shows the geographical footprint of the new Access credit union by branch location. Current Access locations are indicated by the green pins, and Crosstown Civic locations by blue pins.