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LATEST NEWS: Members of all three credit unions have voted, and the results are in.

Coast Capital, Prospera, and Sunshine Coast credit union members approve merger

Coast Capital, Prospera and Sunshine Coast credit unions are excited to announce that members of all three credit unions have voted in favour of merging to form a combined federal credit union. The historic merger will create Canada’s largest national purpose-driven credit union by bringing together two provincially regulated credit unions and one federally regulated credit union.  This successful outcome paves the way for an even stronger credit union for our members, employees, and communities. The three credit unions will now seek the regulatory approvals necessary to complete the merger. Pending these approvals, it’s expected that the combined federal credit union will be formed in 2026. For the time being, members can continue banking as they normally would.

Learn more information about the announcement by reading the Press Release

Let's power the future for all of us

On April 3, 2025, we announced the exciting news about Coast Capital’s plans to merge with Prospera and Sunshine Coast credit unions to create Canada’s largest national purpose-driven credit union. As a combined credit union, we expect to speed up and advance our investments in:

More competitive products and services

Improved investment in more competitive products and innovative financial solutions to help you achieve your personal and business banking goals

Enhanced digital banking technology

Continued enhancements to our award winning digital banking platform, with self-serve features and content that makes banking easier

Greater choice in banking for Canadians

Strengthens cooperative banking in Canada through a compelling member owned alternative to the big banks

Increased support for local communities

As Canada’s largest national purpose driven credit union, we expect to maintain and deepen our investment in initiatives that strengthen and uplift local communities

Find out more

Stay connected

Keep current on the most up-to-date information about the merger by visiting powerthefuture.ca. We’ll update the information there throughout the process, so be sure to check back frequently.

Visit powerthefuture.ca