Special Member Meeting



Dear valued iNova Credit Union member:

 

Change is necessary in today’s economic environment and the business of providing financial services is becoming much more challenging.  Members expect and deserve an ever-increasing range of competitive products and services with convenient access.

We are always looking for new ways to advance and grow to better serve our communities. After much consideration and a detailed study of all options, the Board of Directors of iNova Credit Union and Electragas Credit Union have resolved to combine the two organizations into one, through legal amalgamation. Through this amalgamation and subject to all required approvals, the credit unions will mutually combine all assets, liabilities and equity into the new entity as of January 1, 2020.

The new Credit Union will devote its combined resources to greater service innovation, continued focus on a highly personalized experience for members and remain grounded and invested in the community we serve. The proposed amalgamation will strengthen our ability to pursue more growth opportunities and we will be able to invest in more specialized service offerings for members.

With our member’s best interests in mind, the Board is recommending your support for an amalgamation with Electragas Credit Union.  Members are asked to support this initiative by attending a special member meeting to be held at iNova Credit Union at 5:00pm on November 14, 2019. 

(Click Here for More Details) 
(Click Here to View the Amalgamation Plan)
(Click Here for the Special Resolution to be Passed)

We hope that you will be able to attend the special meeting where we will be seeking majority support of this initiative. An amalgamation plan has been developed for you to ensure that an informed decision is made on this proposal for amalgamation.  You are able to view this plan on our website or visit the branch to receive a copy.

 

Should you require further information, please contact any of our staff who will be pleased to provide you with further information.

 
Sincerely,

Wayne Pace, Chair

Board of Directors

 

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