SPARK Partnership Update

SPARK Strategy Updates

25 Feb 2021

Valued Members,

When I last reached out, I shared that the boards of SPARK and Connect First interpedently and unanimously approved a business case to amalgamate. The amalgamation agreement has now been finalized and the next step is to seek approval from you, our members at our Annual General Meeting on March 23, 2021.

This partnership would allow for a more diverse product suite across the banking, term deposit, loan, and investment product portfolio, to better serve your needs.  Connect First currently operates a member contact centre, has an enhanced online banking platform, and in a partnership, our members would benefit from these enhanced amenities.

With significant operational benefits and a shared focus on local member service, cooperative values, and long-term sustainability, SPARK and Connect First are very excited about the possibilities a partnership presents.

I look forward to seeing you all at one of our virtual information sessions and our AGM on March 23rd. Please pre-register today.

Tim Rose
Board Chair

*All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. Click here to learn more about our deposit protection.
 

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