Saturday, June 22, 2024
Advertise Here
HomeBanking/FinanceWest Coast Credit Union expands

West Coast Credit Union expands

The West Coast Credit Union has taken what it says is a step in further meeting its member’s needs in the opening of a branch office in Pottersville.

The West Coast Co-operative Credit Union Ltd. (WCCCU) is a member-owned, not-for-profit financial cooperative established to provide affordable financial services to its members.

History

The Salisbury Co-operative Credit Union Ltd. (SCCU) had been contemplating the idea of the merger but the Colihaut Co-operative Credit Union Ltd. (CCCU) seemed to have been more skeptical about venturing in that direction. The CCCU began harnessing the idea of the merger in May of 2001 when they passed a resolution at an Annual General Meeting (AGM) to look into the possibilities.

It was in 2003 that representatives from both societies had discussions relating to the merger. The birth of what would later be known as the West Coast Co-operative Credit Union Ltd. (WCCCU) came one step closer to reality; although the management committees began experiencing setbacks due to lack of interest among members.

In November 2004, the SCCU held a special general meeting to pass a resolution accepting the merger of the two societies. The CCCU passed a similar resolution on February 12th, 2005 at the society’s 41st AGM. A steering committee with representatives from both societies was formed to look into activities leading to a merger. On the same day a request was made to dissolve the societies. From then on, the committee worked tirelessly towards the completion of the merger.

On September 25th, 2005 history was made when the West Coast Co-operative Credit Union Ltd. was born. To date the WCCCU has five offices scattered on the west coast; the head office is in Salisbury and three branch offices are located in Colihaut, Coulibistrie, St. Joseph, and Pottersville.

At the official launching ceremony to open its Pottersville branch, President of the Society Eric Serrant described the occasion as “a dream come true” and that he was both “elated and proud at this milestone” which he says will greatly assist persons who want to do business.

“Instead of driving all the way down to the West Coast, we have listened to you and have found a suitable location where can transact your business during the lunch hour,” he said.

RELATED ARTICLES