By paNOW

Debden members vote in favour of Credit Union merger

Apr 24, 2018 | 11:00 AM

Credit Union members in Debden have voted in favour of a merger with Diamond North Credit Union. 

Members of the Debden Credit Union voted 100 per cent in favour of the merger April 17. A release from the credit union said members of the Diamond North Credit Union voted 98.5 per cent in favour of joining with the Debden branch. 

The merger has been in the works since last year, and is expected to be finalized January 1, 2019. 

In a February interview, Debden Credit Union general manager William Sanderson said the merger is a good fit for the organization. Sanderson said Diamond North is rural-based and shares the same economic philosophy. 

In a release, the organizations said the combined assets under administration of the credit union are in excess of $600 million. With the merger, the credit union will have more than 15,000 members, and branch locations in 10 communities across north-central Saskatchewan including Prince Albert, Big River, Carrot River, Choiceland, Debden, and Nipawin. 

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