If approved, Kawartha Credit Union and Libro Credit Union will have a combined $11 billion in assets.
Kawartha Credit Union and Libro Credit Union have entered formal merger discussions aimed at forming a larger, community-based financial institution in Ontario.
The two credit unions intend to submit a formal application to Ontario’s Financial Services Regulatory Authority in August.
For now it's business as usual, but there could be some changes on the horizon.
President and CEO of K-C-U, Norah McCarthy, says this move would set-up both sides for the future and be positive for members.
[W:\Markets\ON East\Current Audio\072925 KCU Merger 2.mp3]
McCarthy, says there are some hurdles still to clear.
[W:\Markets\ON East\Current Audio\072925 KCU Merger 1.mp3]
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