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Partnership with Spark The Energy Credit Union

Update: February 25, 2021

In our last update we shared with you that the boards of SPARK and Connect First independently and unanimously approved a business case to amalgamate. The amalgamation agreement has now been finalized and the next step is to engage the members of SPARK for final approval at their Annual General Meeting on March 23, 2021.

The joining of our two organizations will allow us to increase our service footprint through two new locations. By coming together, we can strengthen operations and work towards further growth all which support our number one priority: our members.

Members will continue to receive the same local financial expertise and service they have come to know.

We are committed to keeping you updated on this exciting partnership as things progress.

Sincerely,

Paul Kelly

CEO Connect First Credit Union



Past Updates:

  • Update: January 20, 2021

    Earlier this week, the Boards of Connect First Credit Union and Spark The Energy Credit Union met independently, and subsequently, unanimously approved a Business Case to amalgamate.

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    The unanimous approval from both Boards results from a strong business case for the merger and represents clearly, the significant benefits of amalgamation, for the members of both credit unions.

    We are now proceeding with completing the legal and regulatory requirements and required approvals. Following amalgamation, Spark and Connect First will serve approximately 130,000 members in 44 different communities across central and southern Alberta, employ almost 750 Albertans and with over $6 billion in assets will be one of Canada’s largest credit unions. Subject to a YES vote from Spark’s membership and other regulatory approvals, Spark and Connect First will commence as an amalgamated credit union on November 1st of this year.

    Sincerely,

    Paul Kelly

    CEO Connect First Credit Union

  • December 21, 2020

    Connect First Credit Union Ltd. and Spark The Energy Credit Union Ltd. Announce Partnership Plans: https://www.connectfirstcu.com/media-releases/conn...