Merger Information
The Boards of Directors of Eriksdale Credit Union, Gimli Credit Union and Riverton Credit Union have signed an Amalgamation Agreement that if approved by you, our members would see the emergence of Lakeland Credit Union, a six branch, 15,868 member credit union with $280,000,000 in assets as well as a real estate and insurance operation.
This proposed merger will be a true partnership between all three credit unions, which have similar values, cultures, and dedication to the highest levels of member and community service. We look forward to the opportunities that a merger of this magnitude can bring our member-owners, our employees and the communities we serve.
Good for our members
This partnership would enable us to expand our products and services to meet the needs of all members. Spreading costs across a larger membership base will allow us to offer members the best rates possible.
Adding the convenience of extra branches will help us to better meet the needs of our members.
Good for our employees
We are committed to providing our employees with personal and career potential through training, development and advancement opportunities. This partnership will greatly expand their professional opportunities and help to position our new credit union as an employer of choice.
Good for our communities
As locally owned and operated financial institutions we understand the importance of giving back to the communities we serve. We will continue to play a major role in fostering community economic development by investing in community projects, sponsoring community activities and events, and volunteering our time. The added strength of the new entity will enable us to deepen our impact – the stronger our bottom
line, the more we can help our communities.
Good for our future
In an increasingly competitive financial world where the economic environment is rapidly changing, credit unions across the province are positioning themselves for a more sustainable future. This merger would not only strengthen our current financial standing, it would also be an exciting new financial choice for people living in Manitoba’s Interlake. Together we will be able to grow much faster and accomplish more than we could as separate credit unions.
We want to keep our members informed as we proceed through the merger process. We welcome you to access the following merger communications:
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