Access Credit Union CEO Larry Davey says the potential merger with Crosstown Civic Credit Union would be a good fit with the history and values of their members.

Crosstown Civic Credit Union was the product of an amalgamation between Crosstown, a closed bond credit union for Mennonites, and Civic Credit Union, a closed bond credit union for city employees.

"So we see that heritage melding with the heritage and values we have," Davey explains. "It would be a great fit moving forward."

If successful, the amalgamation between ACU and Winnipeg-based Crosstown Civic would make the newly formed credit union one of the largest of its kind in Manitoba with nearly $6 billion in assets.

Davey notes the strengths of the two organizations would be a great compliment.

"Both credit unions see this is as a significant opportunity, they like diversifying through the ag portfolio... we see the fact that they do a lot with the business community in the city as assisting us."

Over the next few months, both credit unions will do their due diligence before deciding to recommend a merger to their membership.

Davey says the potential merger would be an extension of what Access members benefitted from when the original seven credit unions came together to form ACU. "They've enjoyed greater technology, better rates and products."

ACU is currently the fourth largest credit union in Manitoba serving 17 branches in Southern Manitoba and employing 260 people with over $3.1 billion in assets. ACU has more than 54,000 members.

Crosstown Civic Credit Union is the fifth largest credit union in the province serving Winnipeg with nine branches, 160 employees and overseeing $2.6 billion in assets. Crosstown Civic has more than 31,000 members.

To learn more, or provide feedback on the potential merger as a member, go here.