Benefits

Before us is an opportunity to build a stronger, more sustainable, and more resilient credit union.

Members

CVCU members will benefit from:

A more diverse range of products and services, including wealth management and insurance services

Personalized service across a wider network of 12 branches and more ATMs, including our current branch and ATMs in Golden, as well as a member service centre available six days a week

Increased lending limits to support your personal and business financial growth

Continued local decision-making

Employees

CVCU employees will have access to a broader range of opportunities and resources for:

Career growth and advancement across a larger organization

Flexibility in work arrangements, including geographic mobility and remote work options

Enhanced training, learning, and leadership development

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

Community

CVCU’s longstanding commitment to community will continue with:

Financial investment and impact in the community through donations, grants, sponsorships, bursaries, and partnerships

Ongoing support for initiatives that encourage financial health and wellness

Continued support for employees volunteering their time and expertise in the community

A credit union that continues to be locally owned and operated

Member Frequently Asked Questions

You have questions about this potential merger. We will do our best to answer them based on what we know today.

If you have a question that you don’t see below, please contact us to share your thoughts. We will update this site with relevant new questions as they come in.

1. Why are we considering
combining the two credit unions?

CVCU and KSCU have collaborated for many years. We believe there could be additional opportunities if our operations and resources are aligned.

If we reflect on what each credit union is doing independently and instead consider combining that energy and effort, we believe that together we can accomplish more for our members, employees, and communities.

2. Why are we pursuing a merger?

The environment for Canadian financial institutions is influenced by increasing competition, the needs and expectations of members, technology, economic issues, regulatory matters, and more. We believe that coming together will help us better tackle these opportunities and challenges.

3. How would this potential merger benefit employees, members, and the community?

We believe a merger will provide enhanced services and opportunities for members, employees, and our communities.

Our members will have access to a more comprehensive and competitive suite of financial products and services, including access to more branches, ATMs, and a member service centre.

Our employees will access additional career development opportunities while maintaining a strong focus on personal well-being and professional growth.

Our communities will benefit from our continued commitment to ensuring our area is vibrant and strong.

4. Is it possible that employees will lose their jobs if this merger proceeds?

There are no expected or anticipated job losses or branch closures as a result of the potential merger.

5. Our credit union is doing well. Why are we considering this?

The financial services industry is continually evolving, presenting new risks and opportunities to consider. The Board of Directors for CVCU and KSCU believe we can achieve more together than we can achieve individually. This process is driven by a desire to enhance what we can offer to employees, members, and our communities.

6. If this proposed merger happens, what will happen to my CVCU bank accounts, online access, debit cards and more?

If CVCU members vote to proceed with the proposed merger with KSCU, nothing will change in the short term. CVCU members will continue to bank as they always have – online through cvcu.bc.ca, at our branch in Golden, using their debit and credit cards wherever they go. The transition to KSCU will happen over time starting well into 2026, and we will keep members up to date on what to expect.

7. How will future decisions on community investment be made in Golden and area if this merger proceeds?

CVCU and KSCU share the same values and the same commitment to community giving and delivering community impact. If the members of CVCU vote to proceed with a merger with KSCU, how we invest in our community as one credit union will be a key part of our work going forward.