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Prospera CU, Westminster Savings CU complete merger

British Columbia-based Prospera CU and Westminster Savings CU completed their merger.

The combined credit union is named Prospera CU and has more than C$9.0 billion in assets under management, 120,000 members, 900 employees and 29 branches. Prospera CU and Westminster Savings CU said the combined credit union is the sixth-largest in Canada.

As part of the transition, Prospera plans to develop a new brand, but for now, branding will stay consistent with the legacy credit unions, Prospera Chief Marketing Officer Maury Kask said in a news release. Additionally, members can conduct business only at their legacy credit union branches for now.