Copperfin Credit Union is looking at another merger.
Talks have started with Northern Credit Union, which has branches all the way from the Ottawa Valley, Sudbury, Sault Ste. Marie, Timmins and Thunder Bay.
CEO of Copperfin Dennis Alvestad says it just makes sense to join forces.
“Multiple mergers in the past have led to today and we’re back at a place where increased competition and changes the financial services world have really made it fairly obvious that it’s a time to better pool our resources,” states Alvestad.
He adds they began talking about a merger fairly recently.
“We really have a strong connection to the north, and Northern Credit Union is the largest player in that market, next to our self and it’s just a logical place to begin pooling our resources.”
Alvestad says there are still a number of hurdles they have to jump before the merger is finalized, but they hope it will finalized by early 2024.