On June 25, 2025, ABCU members will vote on a Special Resolution to authorize ABCU to make an application to become a federal credit union under the Bank Act followed by an immediate amalgamation with Innovation Federal Credit Union.
View our Disclosure Notice (pdf)
ABCU and Innovation Federal Credit Union, with your support, would like to merge. Learn more about this exciting proposal and how you can vote!
View our Voting Package (pdf)
At a Special General Meeting on June 25, 2025, ABCU members will be asked to vote on a Special Resolution. Be sure to attend the meeting!
View the Amalgamation Agreement (pdf) between ABCU and Innovation Federal Credit Union.
Join us virtually or in person at any of the following meetings. Watch for an invitation in your inbox coming soon!
If you didn't receive an invitation, give us a call at 1.888.929.8561.
ABCU Credit Union is a full-service financial institution passionate about providing high quality, personalized advice to each member, ensuring their financial dreams become a reality.
With a network of two conveniently located branches in the Edmonton region, ABCU Credit Union serves over 6,700 members offering a range of services with over $274 million in administered assets.
Beyond their commitment to individual financial success, ABCU Credit Union, through its ABCU Community Foundation provides access to financial assistance to the communities they serve.
Innovation Federal Credit Union is one of the largest credit unions in Saskatchewan with approximately 500 amazing employees and more than $4.93 billion in managed assets. Our purpose is to simplify banking for Canadians!
We serve 65,000+ 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.
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.
A federal credit union can promote and offer products and services to people across Canada. Being a federal credit union lets Innovation:
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, they 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.
That’s correct. Both memberships must vote in favour. We’ll share more voting details with you after we receive regulatory approval.
Absolutely not. Jobs may or may not change in the future, but rest assured there will be no job loss as a result of the merger.
You can:
