ACU - Board recommended merger ACU, Caisse, and Westoba

The ACU Board of Directors unanimously recommended a Special Resolution to approve the Amalgamation Agreement entered into between Assiniboine Credit Union, Caisse Financial Group and Westoba Credit Union. All eligible members of ACU were invited to vote on this exciting opportunity. Review this page to learn more.

Today, the member-owners of Assiniboine Credit Union, Caisse Financial Group, and Westoba Credit Union voted “Yes and Oui” to a future of possibilities when they voted in favour of creating a uniquely Manitoban credit union

Thank you.

Thank you for trusting your Board of Directors who recommended the merger knowing that to be stronger and more sustainable we need the size and scale to meet your needs and the needs of your communities.

Thank you for believing in a future that will create one of the largest credit unions in Manitoba and in the top 10 largest in Canada.

A merger is a fundamental change and requires not less than two-thirds of the financial co-operative’s votes cast on the Special Resolution to be in favour, in order for the Special Resolution to pass. Online voting started June 6, 2024, and concluded on June 19.The partners are happy to share that, of the members who voted, the resolution was passed with 89% of Assiniboine members, 84% of Caisse members, and 88% of Westoba members voting in favour.

We all bring something to the table that the other partners value, we have partners who want what we want, a strong financial co-operative that uniquely represents Manitoba preserving what is important to all of us, French language services, urban, rural, and agricultural communities, and values-based banking.

Assiniboine, Caisse and Westoba expect to merge effective January 1, 2025, after obtaining all necessary approvals, creating Assiniboine Credit Union / Caisse Assiniboine. Your new credit union will have a combined 50 branches, 216,000 members, $9.6 billion in assets, and the widest geographic reach of any credit union in Manitoba.

We appreciate that you will continue to have questions about what’s next and we will be ready to answer those over the coming weeks and months.

Thank you again for believing in what’s possible.

Crystal Laborero, Board Chair
Kevin Sitka, President & CEO

A Special Meeting of the Members of Assiniboine Credit Union Limited (“Assiniboine”) was held as a virtually-hosted meeting on Wednesday, June 19, 2024, at 7:00 pm for the purpose of considering and completing the voting on a Special Resolution to approve the Amalgamation Agreement entered into between Assiniboine, Caisse Populaire Groupe Financier Limitée and Westoba Credit Union Limited dated May 16, 2024.

Registration for the Special Meeting of Members closed June 12 at 3:00 pm.

On June 6, 2024, all members eligible to vote on the Special Resolution with an email address on file were sent an email from Assiniboine that contained instructions on how to vote online.

Assiniboine members were able to vote online or at any of the designated branches using credentials provided to them by Assiniboine until the start of the Special Meeting at 7:00 pm on June 19, 2024.

Members logged in to the Special Meeting who had not yet voted had a further opportunity to vote during the meeting until 7:45 pm subject to the Chair’s discretion to extend the time for voting if deemed necessary by the Chair.

Merger Resource Centre

A Special Meeting of Members was held on June 19, 2024

Voting on the Special Resolution