ESU Merger Update | April 30, 2020

With the Coronavirus pandemic occupying much of our time and energy these days, we thought you may be wondering what has been happening with our Exploring Strength & Unity merger initiative.

The health and well-being of our employees, members and communities continues to be our immediate priority. As an essential service, each of the six partner credit unions has turned attention to the steps and precautions necessary to ensure we are serving our members in the safest way possible. We are continuing to collaborate and support each other on our collective COVID-19 response, such as sharing best practices on employee and member protection, communications and developing member financial relief programs. During this unprecedented time, we give heartfelt thanks to our employees and members for coming together and doing their part to help reduce the spread of the virus.

In the meantime, we have notified the BC Financial Services Authority that we are putting all activities associated with the potential merger on pause. Rest assured that while each of our credit unions is making it a top priority now to take care of our employees, members and communities, we remain fully committed to our merger journey and resuming continued efforts to build one strong, united credit union for the future benefit of all stakeholders.

We will continue to assess the ever-changing environment and keep you updated as we have more information. We wish you all good health as we navigate through this unique time together.

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