Chinook Financial, or its parent company Connect First, is about to grow again.
The memberships of Connect First and Mountain View Credit Unions have voted overwhelmingly to amalgamate later this year.
"We want to be viable and remain in our local communities, and when you're up against some of the large chartered banks, this became a strategic priority for our credit union," explained Stephen Brosinsky, Vice-President of Operations for Mountain View Credit Union. "A partnership with one of the largest credit unions in Canada seems to make the most sense."
"We ended up having 371 votes, which resulted in an 87 per cent positive result," he elaborated. "We will officially become a division of Connect First on August 1."
The new, larger Connect First Credit Union will have assets of approximately $6.7 billion, but Brosinsky doesn't think customers will notice a change at all.
"When they walk into one of our branches they'll still see the same great people, they'll still get the same great service," he told Drum FM. "The decision making is still made locally here, so it's not like it's going downtown to Toronto or outside the region."
It comes nearly four years after the Chinook Credit Union merged with First Calgary Financial to create an organization with 100,000 members in 14 Alberta communities. The new entity will have more than 120,000 members and over 700 employees in 46 service locations across Central and Southern Alberta.