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In Canada, Connect First CU merging with Mountain View CU

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In Canada, Connect First CU merging with Mountain View CU

The boards of Calgary, Alberta-based Connect First Credit Union Ltd. and Olds, Alberta-based Mountain View CU approved a merger between the two credit unions.

The merged credit union will operate under the legal name of Connect First CU, with member facing brands Chinook Financial, First Calgary Financial, Legacy Financial and Mountain View Financial.

Connect First CU members will vote on the merger on June 6, while Mountain View CU members will vote on the merger on June 7. The merger is also subject to regulatory approvals.

Connect First CU has more than $5.8 billion in assets under administration, while Mountain View CU has $852 million in assets under administration.