First Credit Union and Vancity are exploring a proposed merger that would bring together two values-based, member-owned organizations with a shared commitment to community well-being and financial empowerment. This potential partnership aims to strengthen our ability to deliver lasting benefits to members, employees, and the communities we serve.
As part of this process, FCU members will have the opportunity to review detailed information and vote on the proposed merger. To help members make an informed decision, we have developed a comprehensive Member's Guide outlining the rationale, benefits, risks, and key details of the proposal.
Our commitment is to ensure transparency and provide members with the information they need to understand all aspects of this proposal before voting.
Read the extended digital guides here:
Click to view the Member's Guide to the Proposed Merger.
Click to view the
Vancity Rules
Members of our leadership team will be visiting FCU branches to meet with members and discuss the proposed merger. These sessions provide an opportunity to drop into your local branch to ask questions and learn more about the proposal. No registration is required.
Courtenay: October 23, 10 - noon
Cumberland: October 23, 1:30 - 3:30
Bowen Island: October 27, 11 - 2
Bowser: October 30, 10 - noon
Union Bay: October 30, 1:30 - 3:30
Powell River: November 4, 1:30 - 3:30
Hornby Island: November 5, 11 - 1
Texada Island: November 6, 11 - 1
We invite you to attend a virtual Town Hall session about the proposed merger, taking place online October 30th at 5pm. Registration to attend the virtual town hall is required.
Register online to secure your spot.
If this link does not work, please cut and past https://us02web.zoom.us/webinar/register/WN_WQ0VLR1KRSubmz6vSyEP3Q#/registration into your browser search window.
Have your say on the proposed merger between First Credit Union and Vancity during the voting period taking place from Wednesday, November 12 at 12:01am PST to Tuesday, November 18 at 11:59pm PST.
Every member's voice is important in shaping the future for First Credit Union. During the voting period, eligible FCU members are invited to vote on the proposed merger. Voting will take place electronically.
The First Credit Union Board of Directors has unanimously recommended voting Yes, believing this merger is a strategic move to build a stronger, more resilient future for community banking across BC.
This proposed merger is structured as an asset transfer in accordance with Section 16 of the Credit Union Incorporation Act (British Columbia) . You can learn more about this process in the Member Guide.
