Ontario Credit Unions Merging
Members of the $17 million Hir-Walk Employees (Windsor) Credit Union have voted to merge with the $800 million Windsor Family Credit Union.
The merger has an expected closing date of Dec. 31, pending due diligence and regulatory approval activities under way. The 1,300 members of Hir-Walk CU will then have access to expanded product offerings and the larger credit union’s five branches and other service channels.
“This decision is truly in the best interests for our members,” said Richard Taylor, president of the Hir-
Walk CU board of directors. “This merger of operations will significantly expand the range of financial services to our Hir-Walk CU members as well as provide other member benefits this local credit union (WFCU) has to offer.”
Hir-Walk CU was founded with $23 in capital and 19 members in 1949. The 25,000-member WFCU was founded in 1941 and said it is now the largest credit union in Windsor and the seventh largest in Ontario.