NIPAWIN, SK: The Board of Directors of Debden Credit Union Limited and Diamond North Credit Union wish to inform our membership and the communities in which we reside that we intend to merge our credit unions on January 1, 2019.
Discussions between our credit unions began in the spring of 2017 with a detailed Business Case prepared outlining the benefits of merging for each credit union completed in the fall. Our credit unions are both rural based organizations which have the same values and culture. The results of the Business Case indicate that merging together would be a positive step for each credit union in providing future service to our members. A joint steering committee has been formed to find consensus on operational differences and areas identified as outstanding issues in bringing the two organizations together.
The memberships of each credit union will consider the benefits and give the final approval to the merger at membership meetings to be set up for some time in the spring of this year.
About Debden Credit Union:
The Debden Credit Union Limited is situated north west of Prince Albert and has branches in Debden and Big River.
About Diamond North Credit Union:
The Diamond North Credit Union has its head office in Nipawin and has eight branches in north east Saskatchewan. Diamond North’s branches are in the communities of Albertville, Arborfield, Carrot River, Choiceland, Nipawin, Prince Albert, White Fox and Zenon Park. The total combined assets under administration of the two credit unions would be in excess of $600 Million.
Diamond North Credit Union News Release February 1, 2018