Following an extensive review process, Interior Savings Credit Union is pleased to announce that the proposed merger involving Spruce Credit Union has reached another milestone, bringing Interior Savings and Spruce credit unions one step closer toward a shared goal of joining forces for an even stronger future.
Our regulator, the BC Financial Services Authority, has provided consent for Spruce Credit Union to move forward with a member vote on the proposed merger. This follows unanimous approval from the Boards of both credit unions earlier this year.
With over seven decades of experience serving members in the BC Central Interior, Spruce in Prince George and Interior Savings in the Thompson Okanagan, both credit unions share similar values. Throughout our histories, we have focused on maintaining the human connection in banking, supporting members through hardship, empowering you to reach your goals, and working collectively to help our communities thrive.
Together, we would provide a network of 23 branch locations and 16 insurance locations to a combined 77,000 members, spanning across 16 communities. Combined total assets under administration would be approximately $3.75 billion.
Together, we will have even greater resources and scale to better serve our members within an increasingly competitive landscape. This merger is about taking all that is great about our credit union and making it even better. It is about combining our teams, our expertise and our assets to ensure we remain strong and ready to carry on our founding members’ legacy for generations to come.
Moving Forward Together
We encourage you to learn more about the proposed merger at movingforwardtogether.ca, where you’ll find more information, an FAQ and Members Guide to the Merger. If you have any questions, please contact us at wayforward@interiorsavings.com
