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Manitoba credit unions vote again months after failed merger attempt

Members of Assiniboine Credit Union approved a merger in April but the Access Credit Union vote failed to meet the two-thirds yes vote needed. The credit unions will try again. Christopher Stanton / Global News

WINNIPEG – Another attempt will be made next month to create what is being touted as the largest credit union in Manitoba and the sixth largest in Canada.

Members of the Assiniboine and Access credit unions will cast ballots in a second vote on whether the financial institutions should merge.

The first attempt on April 22 saw Assiniboine members vote 95 per cent in favour, but the vote by Access members fell just short of the 66.7 per cent margin needed to pass the resolution.

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READ MORE: Proposed merger between Access, Assiniboine credit unions falls short

The results surprised many Access members, who immediately called on their board to try again, the credit union said in a news release.

The question will be put to Access members on Sept. 16 and those with Assiniboine five days later.

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Nearly 155,000 members from both credit unions are eligible to cast ballots.

READ MORE: Manitoba credit unions discuss merging

Assiniboine has 20 branches in Winnipeg, while Access has outlets in the communities of Winkler, Altona, Carman, Vita, Oak Bluff and Miami.

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