Debden; Diamond North Credit Unions joining operations
Two Northern Saskatchewan credit unions are expecting to merge operations next year.
The board of directors for both the Debden Credit Union and Diamond North Credit Union announced Thursday that a merger is expected Jan. 1, 2019. Debden Credit Union general manager William Sanderson said Diamond North was a great fit for their organization.
“The big part with Diamond North is they are a rural based credit union just like us. They have the same type of economies and the same philosophies,” Sanderson told northeastNOW.
Discussions to merge the credit unions began in March 2017. Sanderson said there were talks with other credit unions, but the Nipawin-based financial institution fit into the business case model Debden Credit Union identified. Sanderson said the expected agreement will provide more services for the members.