We're getting stronger by coming together.
Show your support for the future of our Credit Union
Voting on the special resolution will be open from Thursday, July 22, 2021, until Wednesday, August 18, 2021. To help our members to make an informed decision, a virtual Member Information Meeting will be held on Thursday, August 5. A virtual Special Members’ Meeting has been convened for Wednesday, August 18. Voting on the proposed merger will close at 7:30 p.m. during the meeting, and the results from both credit unions will be announced immediately after.
We are committed to communicating openly and regularly with our members through a variety of methods that allow for clear, two-way communication. We'll continue to update this page and add to our Quick Links for easy navigation. Have a question that hasn't been answered? Members can ask questions through secure two-way messaging within online banking, by email to firstname.lastname@example.org, or by calling us at 204-949-7744.
From our Leaders' Perspective
Entegra CEO Brent Turman and Assiniboine CEO Kevin Sitka share their perspectives on the proposed merger with employees.
Entegra Board Chair Don Johal and Assiniboine Board Chair Crystal Laborero share their perspectives on the proposed merger with members.
We are excited to announce our intention to merge with Assiniboine Credit Union – a merger that ensures an even stronger future for our credit union, for our members, for our communities, and for our employees. This proposed merger between Assiniboine and Entegra Credit Unions will allow us to extend our shared purpose - to provide financial services for the benefit of all. With a successful member vote on August 18, the two credit unions will come together on January 1, 2022, as Assiniboine Credit Union.
This merger is based on our mutual evaluation and shared understanding that a combined credit union is better for everyone’s future – members, employees, and communities.
It’s good for our future
Our individual credit unions are already successful and will be even stronger together. We operate in an industry that is rapidly evolving with more demands every day from members who have come to expect personalized service and flawless 24-7 banking access from wherever they happen to be on the globe! We know that by bringing our teams and resources together we will be able to meet changing member needs better and faster, now and into the future.
It’s good for you, our members
A stronger credit union enables us to introduce innovative products and services more efficiently. Our members will also enjoy our extensive branch network, the expertise and knowledge of our combined teams and enhanced technological solutions.
It’s good for our communities
Our common values are very important to making us ideal merger partners. Both credit unions are successful, ethical companies with similar cultures committed to serving our members and improving the quality of life in our communities. This is a solid foundation on which to build a stronger, brighter and more sustainable future. Our combined credit union will not only continue the community work we are each known for together, we will be able to broaden our impact.
It’s good for our employees
As a larger and even stronger credit union, employees will have greater opportunities for career development and advancement. As well, the combined credit union will have increased capacity for ongoing learning and development and will be better positioned to further invest in training, tools and resources for all employees to be successful in their roles and careers.
We appreciate that you may have questions about the impact of the merger on you and other members. Rest assured, we are committed to communicating openly and regularly with you through a variety of methods that will allow for clear, two-way communication. A Merger Landing Page is available to you on the website and includes a Frequently Asked Questions section. You can also ask questions through secure two-way messaging in your online banking, by email to email@example.com, or by calling us at 204-949-7744. We will be updating the FAQs, so we encourage you to return regularly to keep up to date on the merger between Entegra & Assiniboine.
In closing today, I would like to thank you for the trust and confidence you continue to place in our credit union, in your leadership team and your Board of Directors, and for the opportunity to make this remarkable credit union even better.
Chief Executive Officer
Entegra Credit Union
Frequently Asked Questions
We share many similar values when it comes to people and community. Both Assiniboine and Entegra have similar work cultures, a strong commitment to member service and a focus on community. Our individual credit unions are already successful and will be even stronger together to meet changing member needs better and faster, now and into the future.
We have many common values when it comes to members, people and community, this proposed merger between Assiniboine and Entegra supports a strong, bright and healthy future and will allow us to extend our shared purpose, to provide financial services for the benefit of all.
Both Assiniboine and Entegra are well-respected organizations. After thoughtful evaluation and deliberation, the Assiniboine Credit Union name was selected to leverage the strong brand in the Manitoba market.
No branches will be immediately closed as a result of the merger. We will need to take time to evaluate our combined branch network as we want to ensure that we continue to be easy to do business with and are meeting the needs of you, our members. Commitment to the communities that we serve is, and will continue to be, central to our mission.
You will continue to have access to all credit union ATMs as you have always enjoyed. Prior to January 1, 2022, members can continue to visit the branch network provided by their current credit union. We are working to determine the date members will be able to have access to the expanded branch network throughout the cities of Winnipeg, Thompson and Gillam. We anticipate this date will be prior to the middle of 2022.
Our philosophy regarding branch hours will not change from what it has always been. Branch hours are determined by members’ demand for branch services.
While there are several options to consider this process will be one of many aspects of the merger implementation in 2022. Until we advise you of something different, it will remain business as usual.
One corporate office location will be designated for the new entity. In regard to administration and support departments, representatives from the two organizations will work together to determine the best strategy going forward.
The new board of 10 will be comprised of eight members from the current Assiniboine board, two from the current Entegra board. The remaining current board members will retire from their respective boards prior to the merger effective date of January 1, 2022.
Kevin Sitka of Assiniboine Credit Union will become President and CEO of the new credit union. Brent Turman, the current CEO of Entegra Credit Union, will become Chief Operations and Strategic Initiatives Officer.
Consistent with our shared values, we easily agreed that there would be no layoffs as a direct result of the merger. All employees will be offered a position in the new credit union and will continue to work in an environment where they can learn, grow and build a long and successful career.
Yes. The co-operative principle of “one member, one vote” will still apply, so all members have an equal say in voting to merge the credit unions.
The key merger milestones are:
A formal merger agreement was signed on June 24, 2021
A public announcement was made on June 29, 2021
Online voting opens on July 22, 2021
A community information meeting will be held on August 4, 2021
A Special Member Meeting is scheduled for August 18, 2021
Voting closes at 7:30 p.m. during the Special Members' Meeting on August 18, 2021
With a positive vote from members, the merger will take effect on January 1, 2022
As the merger implementation moves ahead in 2022, we will review existing products and services and select the most appropriate product and service offerings for the combined membership. We also look forward to being able to expand our product offerings as our capacity builds because of our merger.
Absolutely! All deposits and interest in Manitoba Credit Unions are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.
Both organizations are committed to a set of co-operative principles focusing on community development initiatives and share a commitment to social responsibility. We believe there will be an opportunity to expand the good work currently being done by the two credit unions by extending the reach of existing programs. As always, we will continue to look for new ways to support the communities we serve.
Once we have membership approval, the legal entity will take effect on January 1, 2022. Bringing two organizations together will take longer than a few months. We know communication of merger activities is critical for member peace of mind and the success of the merger. With that in mind, merger communications will occur frequently and use a number of communication tools including email, social media, website, and in-branch messaging.
Member engagement in the merger process is very important. Here are some ways we can exchange information and ideas:
We’ll post regular updates on the websites acu.ca and entegra.ca
We’ll provide information in all our branches
You can speak with one of our Entegra Contact Centre Representatives at 204-949-7744
You can email the CEO directly at: firstname.lastname@example.org
Member questions will be posted to our websites so all members can share in the information
July 22, 2021
August 5, 2021
August 18, 2021
January 1, 2022
Voting on the Special Resolution will be conducted online prior to the meeting, in branch, as well as at the meeting. Voting will open at 9:00 a.m. on Thursday, July 22, 2021, and close at 7:30 p.m. on Wednesday, August 18, 2021.
Members will be required to enter their login credentials to access the online voting portal. Members will be able to access the voting site through entegra.ca in advance until voting closes at 7:30 p.m. on the date of the meeting. If you are a member of Entegra Credit Union Limited and require assistance accessing the voting portal, please contact our Member Contact Centre at email@example.com or 204-949-7744. Or, if you have not voted online, you can choose to visit one of Entegra’s branches and cast your vote in person.
The Special Resolution to be voted upon is as follows:
WHEREAS the Board of Directors of Entegra Credit Union Limited (“Entegra”) has recommended that Entegra amalgamate with The Assiniboine Credit Union Limited (“Assiniboine”) in accordance with the provisions of the Amalgamation Agreement made between Assiniboine and Entegra, dated June 24, 2021 (the “Amalgamation Agreement”);
AND WHEREAS it is in Entegra’s best interests to enter into and perform the Amalgamation Agreement and to amalgamate with Assiniboine on the terms and conditions set out therein;
NOW THEREFORE BE IT RESOLVED AS A SPECIAL RESOLUTION OF THE MEMBERS OF THE CREDIT UNION THAT:
The entering into and performance of the Amalgamation Agreement by Entegra be and it is hereby ratified, approved and confirmed in accordance with Section 121 of The Credit Unions Act (Manitoba); and
The amalgamation of Entegra and Assiniboine on the terms and conditions set out in the Amalgamation Agreement be and it is hereby approved.