Sunrise Credit Union is pleased to announce they are in discussions to merge operations with Strathclair Credit Union, effective January 1st, 2019.
The primary objective of the merger is to improve member service through an expanded geographic area, increase and improve product offerings, enhance career opportunities for employees, and drive greater operational efficiencies and cost savings through economies of scale.
Both Strathclair and Sunrise Credit Unions are member-owned and community focused. It is these foundational and co-operative philosophies that bring these two like-minded organizations together.
Because merging with Strathclair accounts for less than a 10% increase in assets for Sunrise, the merger can be approved by the Sunrise Board of Directors without a full membership vote. Strathclair Credit Union members, however, will have a chance to vote at an upcoming meeting, date to be announced.
Strathclair Credit Union has 2,800 members and $94.7 million assets, bringing the amalgamated organization to 27,000 members strong with over $1.1 billion assets. Following the merger, members of the combined organization will have access to personalized service from 20 communities in Southwestern Manitoba and staff will benefit from an expanded range of development opportunities.