Crocus & Erickson credit unions propose amalgamation

Our Vision

The boards of Crocus and Erickson credit unions are proposing that our member-owned financial institutions unite to form a single, stronger credit union focused on the needs of our members, communities and employees.

With the Approval of Members

Our new $180-million credit union will begin operating on January 1, 2018 with two branches in Brandon and one in Erickson • It will remain a locally-owned financial co-operative, governed by a democratically-elected board of directors • There will be no job losses or salary reductions • Our communities can expect the same or enhanced support in the form of sponsorships, donations, scholarships, volunteer hours and gifts in kind • No branches will close as a result of this amalgamation.

We have the opportunity to share expertise in areas that have been putting increasingly greater demands on our resources: compliance with a growing list of complex regulations and procedures; and technology we use to deliver services today’s members expect of us.

Being able to share those and other costs will significantly benefit our organizations. Creating an environment — a business model — of sharing expertise and resources, of collectively seeking opportunities, are what we both require as we position ourselves for the future.

We are excited about the possibilities this amalgamation represents and sincerely hope you will share our excitement as you learn what it will mean for you, our credit unions, and our communities.

Member Information Meetings

Please attend a member information meeting to learn more about the proposal and ask questions.

Brandon — Tuesday, October 3 • 7:00 p.m. • Victoria Inn
Erickson Wednesday, October 4 • 7:00 p.m. • Legion Hall

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