The amalgamated board of Catalyst and Vanguard credit unions is pleased to announce that it has appointed Ron Hedley as CEO of the new credit union.
The credit union, which launches April 1 and whose name is currently the subject of a contest, will combine the assets, memberships, branch networks, staff and technology of the fourteenth and sixteenth largest credit unions in the province. With $1 billion in assets upon amalgamation, it will move into ninth position.
It will be a stronger credit union that will grow along with its 18 communities while continuing to deliver to members what they expect and deserve. Its larger workforce will allow more staff to specialize, and sharing the costs of resources, including current and new technology, will allow it to deliver new products and services more quickly — all for the benefit of members.
“The credit union will be about sustainable existence and member service, as well as culture preservation,” said Guy Huberdeau, the newly elected Chair of the amalgamated board. “Ron has lived those values over his many years in our system, and we are highly confident in his ability to lead our new credit union.”
As the long-time chair of Catalyst’s board, Richard Dereniwski worked closely with Hedley through many major projects, including the amalgamation of 2013 that created Catalyst. “I have tremendous respect for Ron as a leader and as a person. I’ve seen how well he mobilizes people toward common goals. He is the right person for the job, and will serve the new credit union well.”
Since 1990, Hedley has served General Manager of Strathclair Credit Union, and as CEO of Dauphin Plains and Catalyst credit unions. During that time, he has dedicated his time and expertise many, and various, community development initiatives.