Members-owners of Assiniboine Credit Union, Caisse Financial Group and Westoba Credit Union approve a uniquely Manitoban merger
Overview
Fillmore Riley LLP acted as legal counsel to the merger committee that led the amalgamation of Assiniboine Credit Union Limited, Westoba Credit Union Limited and Caisse Populaire Groupe Financier Ltee to form Assiniboine Credit Union Limited/Caisse Populaire Assiniboine Limitée, creating a uniquely Manitoban credit union that is now one of the largest credit unions in Manitoba and in the top 10 in Canada.
It also involved the merger of two credit unions with one Caisse Populaire, and required consideration of issues related to the preservation of financial services in both official languages. The new credit union has a combined 50 branches, 216,000 members, $9.6 billion in assets, and the widest geographic reach of any credit union in Manitoba.