We're amalgamating! 

This site is your source for information about the upcoming amalgamation of Beautiful Plains and Stride credit unions. The credit unions will officially amalgamate January 1, 2020. 

The Amalgamation Proposal 

This proposal is about positioning ourselves for the future by joining forces to build economies of scale in the areas of technology, compliance, products & services, and other core functions of our operations. It is also about increasing our capacity to respond more quickly to the rapid changes that will continue to occur in the financial services industry. And, above all, it is about continuing to provide our members with excellent financial products, rates, and service.

We firmly believe this proposal is in the best interests of all our members and communities, and would not be making it without having had thorough and thoughtful discussions and negotiations, performing due diligence, and building a solid business case.

Both credit unions are leaders in their communities as business and community builders. By amalgamating, the larger organization will be able to bring enhanced resources and dedication those roles.

The fit for these two credit unions is ideal, as we adhere to the same values in terms of how we treat our members and employees, and how we respond to the needs of our communities. We have shared visions, philosophies and goals. Our branch networks are complimentary, bookended by major centres with diverse, growing economies and populations.

We strongly believe this amalgamation is the right thing to do, but the decision is up to you and the other 18,199 members of our financial co-operatives. We encourage you to exercise your right to vote, on August 14 or 15, and we look forward to seeing you at the information meetings we have scheduled to answer your questions and hear your point of view.

​We are excited about the possibilities this amalgamation represents and sincerely hope you will share our excitement as you learn what it will mean for you, your credit union, and your community.

At a Glance

​At a glance
  • The $710-million credit union would begin operating January 1, 2020.
  • Combine resources & share costs we currently maintain and pay on our own
  • Higher level of expertise in key areas without compromising jobs or service
  • Continued dedication to local lending, hiring and spending
  • Positioned to compete more effectively with banks and larger credit unions

Our top priority is the financial needs of Members
  • Continued competitive deposit and lending interest rates & low fees
  • Continued excellent service from the same friendly staff
  • Significant enhancements to products & services for members in Neepawa and Glenella
  • Enhanced presence in the Portage-to-Neepawa agricultural and business corridor

Continued focus on Communities
  • A strong, vibrant, competitive credit union with a deep commitment to community
  • The same or enhanced levels of support for local organizations (sponsorships, donations, scholarships, volunteer hours & gifts in kind)

Enhanced opportunities for Employees
  • No job losses
  • No reduction in salary or the value of benefits
  • Enhanced training, support & career opportunities

Data
Beautiful Plains
Stride
United
Branches
Members
Employees
Assets
Loans
Deposits
​Equity
2
3,500
20
$139 million
$108 million
$129 million
$12.1 million
7
15,700
110
$581 million
$500 million
$554 million
$42.9 million
9 in 8 communities
19,200
130
$720 million
$608 million
$683 million
$55 million