Merger set to take effect July 1, 2025, creating a stronger, united credit union rooted in local values
Osoyoos, Revelstoke, and Summerland (June 5, 2025) -Between May 26 and June 2, Osoyoos Credit Union, Revelstoke Credit Union, and Summerland Credit Union members cast their vote in favour of the proposed merger.
With strong support from members across each organization, the merger has satisfied all regulatory requirements and is in the final stages of approval. The merger will officially take effect on July 1, 2025, when the three organizations will come together as Cascadia Credit Union.
“This is a vote of confidence in the future,” says Diana Thomas, Board Chair at Osoyoos Credit Union. “Members have told us they value local service, community connection, and long-term sustainability – and this merger delivers on all three.” Thomas has been appointed Vice Chair of theBoard of the new Merged Credit Union.
Together, the merged credit union will bring expanded services, improved access to branches, and enhanced technology to over 25,000members across the Southern Interior and Columbia-Shuswap regions of BritishColumbia. It will operate six branches, remain deeply connected to the communities it serves, and continue to make decisions locally.
“This is about building something better together,” saysAlan Chell, Board Chair of Revelstoke Credit Union. “We’re combining decades of community leadership, trusted service, and financial strength to create a credit union that’s ready for the future-while keeping our members at the heart of everything we do.” Chell has been appointed Chair of the Board of the new credit union.
While the legal merger will take place in July, members will experience few immediate changes to their day-to-day banking. The new credit union name, Cascadia Credit Union, will be visible at all branches, but they will continue to operate as usual for the time being, and all services will remain uninterrupted. Integration planning is already underway to ensure a smooth transition, with members kept informed every step of the way.
“This decision positions us to serve our members even better, now and for generations to come,” says Lorrie Forde, Board Chair at Summerland Credit Union. “On behalf of all three boards, we thank our members for their thoughtful engagement and resounding support.” Lorrie has been appointed Director of the Board of the new credit union.
More information on the new, merged credit union, including integration updates, can be found at www.yourfuturecu.ca.
About Osoyoos Credit Union
Osoyoos Credit Union has been serving the community since 1946, growing into a full-service financial institution with branches in Osoyoos, Keremeos, Rock Creek, and Oliver. Committed to providing accessible financial solutions, it offers a range of products including savings accounts, loans, mortgages, insurance, and investment services. Osoyoos Credit Union supports local initiatives and integrates technology to enhance member service. Learn more at ocubc.com.
About Revelstoke Credit Union
Founded in 1953, Revelstoke Credit Union serves over 4,700 members across the Columbia-Shuswap region. It offers mortgages, loans, investments, and insurance while remaining committed to personalized service, financial literacy, and community giving. Learn more at revcu.com.
About Summerland Credit Union
Summerland Credit Union has proudly served the community since 1944 and supports more than 7,200 members with a full range of financial services.Rooted in cooperative values, it combines modern banking with a strong local presence in the Thompson Okanagan region. Learn more at sdcu.com.