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Credit Unions Announce Merger

Monday, 1 February 2016 14:49

Community First Credit Union and Your Neighbourhood Credit Union are merging.

WOODSTOCK - Officials with Your Neighbourhood Credit Union say branch members won't notice much of a difference after the announcement of today's merger.

YNCU is merging with the Community First Credit Union. The company made the announcement today following Special General Meetings in Kitchener and Sault Ste. Marie. CEO for YNCU Kerry Hadad tells Heart FM branch members in Woodstock can expect to see more services down the road after today's merger.

"We expect to see more additional services with the move, additional online services, different apps and and a call centre for customer service. There is absolutely no change to the name in our area, and there will be absolutely no job losses and no branch closures, this is more of an expansion of growth strategy as we grow into a bigger structure."

Hadad says this is something everyone in the organization is excited about.

"I'm so pleased with the result. The results tell us that the members of our credit unions are engaged and solidly in favour of this partnership; they recognize as well as we do the benefits of our two great organizations becoming one. The support we have received from staff on both sides is particularly heartening. They see the potential, and know we are building a better organization for our members and for the future." 

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