Growing Together

March 12, 2021 - LeRoy Credit Union selects Prairie Centre Credit Union as potential merger partner Expand/Collapse

The Board of Directors of LeRoy Credit Union have been working diligently to find a potential merger partner that will continue to provide excellent service to you – our members. The Board has explored various credit unions to partner with and based on our assessment, we have selected Prairie Centre Credit Union as our future partner. Prairie Centre’s commitment to rural Saskatchewan communities, members and staff makes the partnership attractive to LeRoy Credit Union.

The next step in the process is to have Prairie Centre Credit Union complete the due diligence and business plan development. Once completed, the process will move to both credit unions to hold membership information meetings, membership votes, and regulatory approval, which is expected to be completed by June 30th. If approved by both memberships, the effective merger would take place January 1st, 2022.

For more information inquiries please contact:

Don Hawes
Interim General Manager
LeRoy Credit Union
Don.Hawes@leroy.cu.sk.ca

or

Al Meyer 
CEO 
Prairie Centre Credit Union 
Al.Meyer@pccu.ca

February 17, 2021 - LeRoy Credit Union Board of Directors seeking out credit union merger partner Expand/Collapse

LeRoy Credit Union Board of Directors has announced that we are seeking out a credit union merger partner! Combining resources with another like-minded credit union will help us to provide many more years of innovative and evolving financial products and services.

An Amalgamation Committee has been formed and is working diligently to find the best fit with a credit union that will continue to provide excellent service to you - our members.

What are the potential benefits of a partnership?  

  • Ability to offer a wider range of products and services
  • Member branch access at more locations
  • Increased lending limits to larger borrowers
  • More competitive interest rates
  • Easing the impact of increasing operational and technology costs

What are our top priorities in a partner?

  • Community presence and support
  • Exceptional member service levels
  • Staff retention and development
  • Local board representation

Once we have completed our due diligence, the Board of Directors will recommend the credit union chosen as the best solution for LeRoy Credit Union members and seek membership approval. More information will be provided at our Annual General Meeting (date to be determined).

If you have any questions or concerns, please feel free to contact us. Our staff and board are more than happy to help!

Deposits held in Saskatchewan credit unions are fully guaranteed. There is no limit to the size of deposit covered by the guarantee – whether $1 or $1,000,000 or more, all deposits are fully guaranteed

 

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