If you have a question about the merger or how it affects you, please check the following questions to see if it has already been answered.
You may also download or print our PDF of frequently asked questions.
If you don’t see your question answered on this page, please contact us to let us know.
All three organizations have identified mergers as a key strategic objective for long-term success and sustainability, and share similar values when it comes to people and our communities.
Bringing three mature credit unions together is a testament to the strength of the partners and their commitment toward collaboration and a shared vision for the future.
The Boards of Directors from all three credit unions began discussions and conducted initial reviews for a potential merger between our organizations.
Public announcement that the three credit unions are in merger discussions.
September 2021 to November 2021
Members, staff, and our communities have been provided information, progress updates, and continuous opportunities for Q & A and two-way dialogue.
The finalized business case was presented to each credit union board for review and approval.
December 16, 2021
As a result of the approved business case, each board signed an amalgamation agreement and are recommending the proposed merger to their memberships. Members are notified that a vote will occur.
January 10, 2022
Access Credit Union Member Forum, via Zoom
January 11, 2022
Noventis Credit Union
Member Forum, via Cisco Webex
Registration link coming soon.
January 12, 2022
Access Credit Union Member Forum, via Zoom
January 18, 2022
Sunova Credit Union Member Forum, via Zoom
January 25-27, 2022
Members vote on the merger as outlined in the amalgamation agreement.
January 27, 2022
Each credit union will hold a Special Meeting of Members. Voting will end during the meeting with results announced prior to adjournment.
Prior to July 1, 2022
Approval from regulators and Competition Bureau.
July 1, 2022
The journey as the new Access Credit Union begins!
Each partner believes in providing opportunities for all members to achieve their financial goals and delivering accessible services that best meet those needs. And, while we will adopt the Access name, we are confident that many attributes of the Sunova and Noventis brands will integrate well into the brand for the ‘new’ Access, and the best elements of our respective cultures will live on as part of the new organization.
Should the members vote to approve the merger in January, the board for the new Access Credit Union would be:
Kevin Beresford (Sunova)
Ken Braun (Access)
Catherine Burns (Access)
Paul Cuthbert (Noventis)
Justin Evenden (Sunova)
Curtis Letkeman (Access)
Lesli Malegus (Sunova)
Jamison Masse (Noventis)
Marlene Michno (Noventis)
Jim Neufeld (Access)
Randy Schartner (Access)
Sherry Woods (Access)
With our members in mind, an even stronger credit union will achieve greater efficiencies and long-term financial resilience by eliminating duplicated costs and taking advantage of more economies of scale. This will allow for continued investments in technology and enhanced service experiences, competitive rates, and the potential for a strong patronage program for our members.
While things are going well for each of the three credit unions today, this is also about planning for ‘tomorrow’ and ensuring sustainability and longevity for our members, our staff, and our communities in the years to come.
- Future fixed costs per legacy credit union will be paid once by the new credit union resulting in immediate savings (e.g., implementation costs for new technologies such as Consumer Directed Finance and Payments Modernization);
- Reduced costs with volume discounts due to the size and scale of the new credit union;
- Maximizing the talent from each organization and reducing the need for each credit union to invest separately in the required specialized skill sets;
- Eliminating redundant services and duplicated processes resulting in more savings and efficiencies.
With all three credit unions eventually moving to the same banking system, even greater efficiencies will be realized allowing for continued investment into product and service research and development, all with the intent of meeting and exceeding the expectations of our membership.
Membership & Services
While you can continue to deal with the branch or staff you’re most comfortable with, you’ll also have access to an even larger branch network when needed. So, if you need to visit a branch while at the lake, our Interlake or Eastern branches will be there to help. Or, if you are in Winnipeg and need to stop by a branch, there will be multiple locations for your convenience. (And, you just might meet some new smiling faces along the way!) Our hope is that with our increased resources, we will be able to provide even more training opportunities and support for our extended frontline team.
Our commitment to our membership and desire to provide an optimal banking experience remains top of mind and is one of the key drivers of this proposed collaboration. So, while we don’t yet have all the answers, we are confident that ensuring our members have access to competitive products, services, and rates will continue to be of the utmost importance.
As we continue to work through the process, we will complete a thorough review of all products and service plans available at each credit union, and the same would be done for the online divisions at a later point in time. While the exact specifics of the products, services, and rates members will have access to will be finalized after the new organization is formed, the commitment to our membership and desire to provide an optimal banking experience is top of mind and one of the key drivers of this proposed collaboration.
Identifying and embracing best practices will be prioritized throughout the merger process, with the ultimate goal of continually improving operations and offerings to provide members with the very best products, services, and online / in-branch banking experiences.