Innovation Federal Credit Union is one of the largest credit unions in Saskatchewan with approximately 500 amazing employees and more than $5.506 billion in managed assets. Our purpose is to simplify banking for Canadians!

We serve 67,500+ outstanding members across 26 advice centre locations and offer in-person service in both Regina and Saskatoon.

As a member-owned cooperative, we use our profits to make life better for you, our communities, and our world.

• we offer free banking solutions to save you money
• we provide quarterly returns to our members, 
• we reinvest 2 - 3% of pre-tax profits back into the communities we serve.  Since 2007, we've donated over $10.4 million to our communities.

It's all part of our Responsible Banking™ philosophy!

With the overwhelming support of our membership, we're excited to be one of the first credit unions in Canada to be a Federal Credit Union under the Bank Act.

The two credit unions share a common vision, values, and culture, as well as a commitment to innovation, member service, and community involvement. In addition to these commonalities, a merger would result in more cost-effective banking, improved member experience, and a broader range of products.

That’s correct. Both memberships must vote in favour. We’ll share more voting details with you after we receive regulatory approval.

Absolutely not. In fact, there may be new job opportunities/training opportunities that arise from a merger

On the merger date, ABCU’s Board of Directors will be dissolved. Brent Trombley, who serves as 2nd Vice Chair and Chair of the Governance, Ethics and Human Resource Committee, will be appointed to Innovation's Board of Directors.

Daniel Johnson, the current Innovation CEO, will be the CEO of the merged credit union. The merged credit union will continue to be managed by Innovation’s executive team.

The name of the merged credit union would be Innovation Federal Credit Union.

Both credit unions are strong supporters of their communities. This partnership will only further enhance community contributions.

Our Beaumont and Edmonton City Centre branches will remain open for a minimum of ten years.

Because this is the first-ever interprovincial merger, the approval process is complex and takes some time. We’ll share updates throughout the approval journey and merger process.

A merger of this nature needs a number of approvals:

1. Both credit unions’ Board of Directors
2. Both credit unions’ memberships
3. The Competition Bureau
4. Office of the Superintendent of Financial Institutions (OSFI)
5. Canada’s Federal Minister of Finance

In addition,

• The Alberta Credit Union Deposit Guarantee Corporation and Alberta's Minister of Finance needed to approve ABCU's federal continuance for the purpose of merging.
• The Alberta Government needed to approve amendments to the Alberta Credit Union Act to allow for an interprovincial merger.

You can:

• email webmail@innovationcu.ca (Innovation) or myhr@abcu.ca (ABCU)
• call 1.866.446.7001 (Innovation) or 780-929-1380 (ABCU)
• visit this page for all news releases, FAQs, and updates

A federal credit union can promote and offer products and services to people across Canada. Being a federal credit union lets Innovation:

• meet challenges such as changes in consumer behavior and technology needs.
• compete with banks or technology companies that provide financial services.
• diversify and minimize risk by seeking deposits across the country to support lending in the communities we serve
• have access to more members, and
• be more resilient today and tomorrow.

Federal credit unions are regulated by the federal Office of the Superintendent of Financial Institutions (OSFI) and eligible deposits with a federal credit union are insured by Canada Deposit Insurance Corporation (CDIC).

Yes, we do.  We’re excited to get started on the application process!

Because this is the first-ever interprovincial merger, the approval process is complex and will take some time. We’ll share updates throughout the approval journey.

Eligible deposits are insured by CDIC, the same as for all federally regulated bodies such as the major Chartered Banks. 

Deposit guarantee insurance is something you will likely never need. 

Innovation is financially strong.

• They follow strict guidelines.

• They have processes that ensure they remain viable.

Federal regulation only strengthens these processes and guidelines. For additional information on CDIC 

deposit guarantee visit their website – www.cdic.ca.

• You can visit CDIC’s website: What's covered — CDIC
• You can stop by one of our locations to speak to one of our staff members.
• You can give us a call at 1.888.929.7511

Our primary goal is to ensure a smooth transition for our members, and we expect account numbers to remain unchanged.

Your debit card will continue to work as usual. However, you will receive a new Debit Mastercard® card in May. Look for a new product notice in your mailbox in March.

Yes, you can. The next time you place a cheque order after merger weekend, you’ll receive Innovation cheques.

You bet! Credit cards will not be part of the initial merger process. You’ll hear directly from Collabria about card impacts.

You bet! You can use any ding free® ATM in our national credit union network surcharge-free.

Federal credit unions are required to let you know if your account balance or line of credit/overdraft protection balance falls below an amount you set (or $100 by default). The alert helps you avoid fees and reduce fraud.

You can adjust your limits after the banking conversion in Innovation’s online banking:

• Login (we’ll provide instructions on how to do so in March)
• Select your profile on the top right corner of the screen
• Select Manage Alerts > Balance & Transaction Alerts
• Enter your new balance threshold

All mortgages, loans, lines of credit, overdraft protection, investments and safety deposit box contracts will remain the same e.g. product types, rates, term length, protection, until it’s time to renew.

Innovation doesn’t have a USD Savings Account, but you will earn interest and cash dividends (Member Rewards) on your No-Fee USD Account.

Member Rewards is Innovation’s profit-sharing program. You can earn cash dividends every quarter by having savings and loans products with them. You can also earn cash for digital banking activities. 

• Log into Innovation’s digital banking (after the banking system conversion)

• Select Payments & Transfers > Interac e-Transfer® > Profile Settings 

• Follow the prompts and you're set! 

• Log into Innovation’s digital banking after the banking system conversion

• Select Payments & Transfers > Interac e-Transfer® > Manage Contacts 

• Select Add New Contact 

• Follow the prompts and you're set! 

• Log into Innovation’s digital banking after the banking system conversion

• Select Payments & Transfers > Interac e-Transfer® > Autodeposit Settings 

• Follow the prompts and you're set! 

• Log into Innovation's digital banking after the banking system conversion 

• Choose Payments & Transfers > Interac e-Transfer® > Request Money 

• Choose the contact you wish to request money from 

• Follow the prompts and you're set! 

• Log into Innovation's digital banking after the banking system conversion
• Choose Accounts > View Accounts
• Select an Account
• Select the edit (pen) icon from the green account badge
• Enter your nickname and select the checkmark to save your changes

You sure will! You can deposit cheques through Innovation’s mobile banking app.

They sure do!  

Apple Pay - How to add a card: 

• On iPhone, open the Wallet app and tap the “+” sign. 

• For Apple Watch, open the Apple Watch app on your iPhone and select “Wallet & Apple Pay,” then tap “Add Credit or Debit Card.” 

• On iPad, go to Settings, open “Wallet & Apple Pay,” and select “Add Credit or Debit Card.” 

• On MacBook Pro with Touch ID, go to System Preferences, select “Wallet & Apple Pay,” then select “Add Card”*.

Google Pay - How to add a card: 

• Download the app from Google Play or check to see if it’s already installed on the phone. Then, follow the easy instructions. Google Pay works on Android devices running Lollipop 5.0 or above. 

• Add credit, debit or rewards cards to your Google Wallet — it’s as simple as snapping a picture. 

• Log into Innovation’s digital banking after the banking system conversion
• Choose your Profile in the top right corner of your screen
• Choose Manage Alerts
• Set any alerts you choose to make your banking experience safer and easier

• Log into Innovation’s digital banking after the banking system conversion
• Choose Payments & Transfers > Payments > Pay Business Taxes
• Select Add Account
• Choose the appropriate CRA payment type
• Enter your CRA business number
• Select Confirm

• Log into Innovation’s digital banking after the banking system conversion
• Choose Payments & Transfers > Payments > Pay Business Taxes
• Select the CRA account you want to pay
• Enter the payment amount
• Choose a future payment date

Delegates are employees who are granted limited access to business digital banking by a Signer. They can see business accounts and transactions.

Delegates access can be either Initiator or Read-Only.

Delegate-Initiator access: Allows delegates to create certain transactions on behalf of their Signers. Transactions aren't executed until they are approved by the Signers. Transactions include:

• transfers,
• bill payments,
• Interac e-Transfer®, and
• creating similar transactions from previous transactions.

Delegates Read-only access: Allows the user to view account information but does not allow them to perform any transactions on the account.

• Log into Innovation's digital banking after the banking system conversion
• Select More > Business Services > Manage Delegate
• Click on "Add New Delegate" button
• Follow the prompts and you’re set

You sure can! We won’t be transitioning to Innovation’s systems until after the banking system merger. 

Absolutely! You’ll still see the same friendly faces you know and trust after the merger.

ABCU member accounts will transfer as part of a banking system merger. The transfer is tentatively scheduled for April 24th to 26th. We will share official dates and timelines the minute we know with certainty. 

We believe our systems will merge April 24th to 26th. We will share more details about the process and what you can expect soon.

Innovation uses a different online banking platform. After the merger, you will need to update your username and password. You'll hear from us closer to our banking system merger date with login details and FAQs.

The banking system merger requires multiple third‑party vendors to align on a single date. Due to the system’s complex configuration and extensive testing requirements, the effort involved more than a year’s work. Since all third‑party vendors confirmed their availability for April 24^th to 26^th, this is the tentative time we agreed upon for the merger.

Our timelines depend on both regulatory approvals and our third-party vendors being ready for the system merger. If our timelines change, we’ll be sure to share new dates with you. Stay tuned to Innovation’s website for details.

Digital banking will not be available for ABCU or Innovation members during the banking system merger process. We’ll communicate more about the banking system merger in March. Stay tuned!

ABCU branches will remain open as scheduled on April 24, 2026. 

There may be a disruption in debit card services, so we recommend having cash or a credit card available during that time just in case.

Your account number will remain the same after the system merger.

Direct Deposits and pre-authorized payments will transfer over. There’s no need to re-create them.

• Your ABCU e-statements will transfer to Innovation’s online banking. 

• Your bill payees will transfer. 

• Your scheduled and recurring payments will transfer. 

• Your Direct Deposits will transfer e.g. pay cheques, Government cheques. 

• Your automatic payments will transfer. 

• Log into ABCU’s online banking/mobile app 

• Select Transfers > Transfer Between Accounts > Interac e-Transfer® – Send Money > Autodeposit 

• Click on the three dots to the right of your email address 

• Select Delete 

As part of our Amalgamation Agreement, there is a condition that ensures no ABCU shareholder holds more than five (5) ABCU Shares at the time of the merger. ABCU will therefore redeem any common shares held by a member that exceed the required $5 statutory member share prior to the amalgamation date of April 1, 2026 (Effective Date). The excess common shares will be transferred to a savings account with ABCU before the Effective Date.