Innovation Federal Credit Union (“Innovation”) and ABCU Credit Union (“ABCU”) are pleased to announce that on March 4, 2026, the Federal Minister of Finance granted approval for the merger of the two organizations. This marks a significant milestone as the first interprovincial credit union merger in Canadian history, strengthening the cooperative sector and expanding opportunities for members across the country.

Michele Wilde, Board Chair of Innovation, commented, “We are thrilled to have reached this historic first for credit unions in Canada. This merger is about more than joining forces—it’s about creating new opportunities for Canadians from coast to coast. By working together, we will deliver innovative products and services while supporting the financial well-being of our members and their communities.”

Richard Colwell, Board Chair of ABCU, added, “The journey has been a remarkable one for our organization and our members. Achieving this first ever interprovincial merger demonstrates our commitment to growth and sustainability. We are proud to lead the way for Alberta credit unions and look forward to the positive impact this will have on Albertans for generations to come.”

Innovation and ABCU thank all members, employees, and stakeholders for their support. The legal merger date is April 1st, 2026, and both organizations aim to create a stronger credit union system for Canadians.