Last night, by vote of our members, Vanguard/ Catalyst became Fusion Credit Union.
“Fusion reflects all that we stand for, the coming together of members, staff and communities,” says Guy Huberdeau, Board Chair. “It’s about more than just creating a spark and igniting change. Fusion creates tremendous amounts of energy that net only positive returns.”
The name change takes effect immediately, but the new Fusion brand will not be rolled out until the end of the year. So members will continue to use the websites as they are now and all of their members services under the existing Vanguard or Catalyst brand for a few more months.
“Our evolution to Fusion Credit Union is taking place now,” says Ron Hedley, CEO. “Internally, we’re aligning our policies and processes and we’re working on member service improvements. Now that we have the name ratified, we will begin developing our brand, website and member tools under the Fusion name.”
The name was selected through a contest for members and staff, which generated 650 entries. The amalgamation committee reduced the number to 50 entries and staff and members voted on those. The Board selected Fusion, the most popular new name based on three voting groups – members, staff and the amalgamation team. 135 members attended the name ratification vote, held in Dauphin, Rossburn, Hamiota and Roblin.
Vanguard / Catalyst officially amalgamated in April, 2018. They now represent over 30,000 members across 18 branches, employing over 170 staff. Their assets total
$1 Billion CAD and they returned over $800,000. in profit sharing to member-owners.
“Our members will continue to be served by the same friendly, professional staff, with access to their accounts at 18 branches, from Oak Lake to Winnipegosis and we are fast-tracking introductions of the latest technology in financial services,” added Hedley.
“But we know where our bread is buttered and we will never lose our focus on making life better in every community we serve.”