Two well-known Ontario credit unions, Libro and Kawartha, have announced they are in talks to join together. Both boards say the move could create a stronger, more community-focused financial institution for their Members/Owners across the province.
The merger process is moving forward. In August, the credit unions plan to submit an application to the Financial Services Regulatory Authority (FSRA). If it’s approved, Members/Owners from both credit unions will get a chance to vote on the merger, likely in fall 2025.
If the merger goes ahead, the new credit union would manage around $11 billion in assets and serve over 180,000 Members/Owners at 57 locations across Ontario. It would offer full banking, investment, and insurance services for both individuals and businesses.
To learn more about the proposed merger, visit www.goforwardtogether.ca.
