Cornerstone, Horizon and Plainsview Credit Unions Explore Partnership
SASKATCHEWAN, December 13, 2019 – Cornerstone, Horizon and Plainsview Credit Unions are actively exploring an opportunity to partner together as a single credit union to drive benefits for members, employees and communities.
The three partner credit unions have engaged in discussions regarding the design and potential to form a new credit union. The shared future vision of the three credit union partners is a new credit union that is operationally competitive and differentiated through its commitment to member wellbeing via trusted advice and service as well as concern for community. A new credit union will be more sustainable and better able to leverage opportunities and manage risks in the ever-changing financial services marketplace.
The next step of the partnership is a due diligence process of building the formal business case for the combined credit union. Once the business case is finalized, it will be reviewed for approval by the Board of Directors of each of the three credit unions. Once the business case is approved by the partner Boards, each credit union will begin a formal consultation process with their members, so they have the opportunity to learn more about the proposed new credit union.For more information about this initiative, please visit www.bettertogetherinSK.com or view the Partnership Announcement.