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Email this1:30 pm
January 12, 2019
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Sad news for us forum members here who live in S.E. British Columbia :
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Nelson Star news link ➡ https://www.nelsonstar.com/new.....ed-merger/
What a shame 
- Dean
" Live Long, Healthy ... And Prosper! "
5:55 pm
January 12, 2019
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Well I'll be ... it looks like I'm the Only forum member here who lives in the S.E. corner of British Columbia (Kootenay Districts). 
Who'da thought ❗
- Dean
" Live Long, Healthy ... And Prosper! "
12:40 pm
October 27, 2013
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Bringing this back up given the discussion in a new proposed MB merger of 3 CUs in https://www.highinterestsaving.....-underway/ Knowing all the noted SEBC communities a bit, I believe the merger of 6 would have been the right thing to do to reach critical mass with $3?B in assets but I think it failed because a merger of 6 was too big to get arms around and there may not have been an overly dominant member in the 6 entities.
I think they will try again but maybe only 3 of them initially, get processes and policies and systems ironed out, and then bring others back in on a one by one basis using the platform of the larger entity. There is no reason for all of SEBC to have more than one CU.
2:52 pm
January 12, 2019
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Agreed ⬆, AltaRed ... trying to merge 6 CU's into one (all at once), was probably 'two or three bridges too far'.
I hope they try again, but next time hopefully they'll limit it to three or four CU's, and the rest can follow later in the future.
- Dean
" Live Long, Healthy ... And Prosper! "
5:08 pm
October 27, 2013
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I would hope so. It is a large region https://www2.gov.bc.ca/assets/.....enay_4.pdf with maybe 150-160k population spread over a dozen 'towns' mostly along Highway 3.
It just makes sense the 6 CUs servicing this region would be more effective as one allowing more diversification in lending and no one CU being overly vulnerable to single industry collapses.
