Credit Union Merger Scrapped
Prince George, B.C. – The proposed merger between Lake View Credit Union and Integris Credit Union is off.
Merger discussions between the two credit unions began in March 2017 and included a due diligence process – including an analysis of the benefits, risks, and costs of bringing them together.
“Given the opportunities and challenges for both credit unions in our current operating environment and the substantial effort that is required to bring our two credit unions together, the boards of both credit unions believe it is in the best interests of our members and employees to pursue independent business strategies at this point in time,” said Joe Judge, board chair, Lake View Credit Union.
“This has been a very difficult decision for us to reach,” added Dave Berry, board chair, Integris Credit Union. “And we sincerely thank our management teams and all employees for their work and extraordinary efforts involved over the past few months.”