After years of collaborating, working together and building a trusted relationship, G&F Financial Group and Aldergrove Credit Union have engaged in merger discussions. Working together and collaborating for many years, it is a natural fit and evolution in our partnership.
With a similar alignment on community, employee engagement and development, and providing continued value to members built on trust and relationships, the merger of our two credit unions will enable a greater focus in all these areas, through scale and combined resources. By leveraging our collective strengths, our credit unions look forward to providing greater opportunities for employees, members and our communities.
The combined organization has over 145 years of experience serving the Lower Mainland and Fraser Valley. Collectively, we would provide a network of 24 branch locations and four insurance locations, to a combined 52,000+ members, spanning across communities from Vancouver, Richmond, Burnaby, New Westminster, Port Coquitlam, Surrey, Langley, Aldergrove, Abbotsford and Mission. Combined total assets under administration would be just under $4 billion.
Benefits of the merger
Our employees and members will experience many benefits through the merger, some of which include:
- Financially stronger, we will have more resources to invest in our future
- A larger pool of assets will allow for greater and faster expansion of services to members and communities Increased geographic footprint with opportunities to enter new markets
- Ability for greater investment in areas such as digital and community
- More career opportunities for employees within a larger organization