The merger was driven by the shared vision and values of the two credit unions. Both are committed to providing exceptional service, competitive rates and social responsibility to their members and communities.
Supporting the future of Alberta’s economic and social development
“We are thrilled to have completed this historic merger and to offer our members the benefits of a larger, stronger and more innovative credit union.”
– Ian Burns, appointed President & CEO of the newly formed credit union
At a glance
- Stands as the largest merger of credit unions in Canadian history
- Forms a combined organization with more than $30 billion in assets under administration
- Brings together a workforce of about 3,000 individuals and extends services to nearly half a million members through 140 branches located in 80 Alberta communities
- The new entity will pool their resources, share expertise, achieve greater operational efficiency and invest in the technology needed to effectively compete today and thrive in the face of changing market conditions and customer expectations
Joint legal advisers and transaction counsel to connectFirst and Servus throughout this historic transaction:
Partner: Peter Drazic
Associates: Yassir Alnaji, Pio Araneta, Josh Deacon
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