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B.C. credit unions announce un-merger

Last September, Westminster Savings Credit Union (55,000 members, $3 billion in assets) and Prospera Credit Union (63,000 members, $2.5 billion in assets) entered into merger discussions with the intent to join forces this spring.

But after completing their due diligence, the boards of the two B.C.-based credit unions announced that they have decided to dissolve merger discussions, with both camps agreeing that β€œit is in the best interest of our members and employees to pursue independent business strategies at this point in time.β€β—Š