Working Together

CCEC Credit Union and Community Savings Credit Union in merger discussions

CCEC Credit Union and Community Savings Credit Union are pleased to announce they have engaged in merger discussions that will provide for a robust and dynamic credit union greater than the sum of its parts. By joining together, the credit unions will be able to better serve their collective memberships, employees and communities, through scale and combined resources. As like-minded partners, with similar values, they will be coming together as a fully unionized credit union that provides banking for all members.

The two credit unions serve markets spanning across Lower Mainland communities from Vancouver, Burnaby, New Westminster, Port Coquitlam, Surrey and Victoria. The merger will enable them to combine resources providing increased product offerings, specialized expertise and an expanded branch network to members. Community Savings recognizes CCEC’s unique position as the credit union that provides banking services to a wide spectrum of members in its community, with diverse banking needs. This aligns closely with Community Savings values and by coming together, this vision and spirit will be extended.

The combined organization (CCEC Credit Union and Community Savings Credit Union) would operate under the legal name Community Savings Credit Union and would create a network of seven branch locations, serving over 14,500 members.

Benefits of the merger:

Our members and employees will experience many benefits through the merger, some of which include:

  • Greater access to branches through an extended branch network
  • Expanded range of products and services, which we will work to make bigger and better for all members
  • More career opportunities for employees within a larger organization

About Community Savings Credit Union:

Community Savings Credit Union is BC’s largest fully unionized credit union and is dedicated to being the credit union of choice within the working community. Community Savings Credit Union is known for providing exceptional service to each member and their passion lies in empowering their members to achieve their financial goals. Being member owned and operated, Community Savings invests into its communities by supporting local charities and non-profit organizations to help create stronger and more vibrant communities.

About CCEC Credit Union:

CCEC Credit Union is a single branch financial cooperative located on Commercial Drive in Vancouver. The credit union was formed in 1976 by a group of community organizations, community activists, local co-ops and not-for-profits who were unable to access financial services through mainstream banks and credit unions. CCEC Credit Union provides basic financial services to personal and commercial membership including many co-ops and community groups.

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