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Prospera close to merger

Prospera Credit Union and Westminster Savings Credit Union are one step closer to getting hitched.

B.C.’s Financial Institution Commission on Thursday gave approval for the proposed merger between Prospera and Westminster, which had been previously approved by both boards of directors.

Members of both credit unions will vote on the proposal, known as FutureStrong, between Oct. 30 and Nov. 15.

If the memberships approve the merger, the partnership will become the sixth largest credit union in Canada with $9.5 billion in assets, more than 120,000 members, 900 employees and 29 branches.

For more on this story, visit Okanagan Edge.



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