PACE Credit Union's Memberdirect Platform is not vulnerable to the impacts of “Heartbleed” bug.
PACE Credit Union and Alterna Savings to Join ForcesMPP says credit union merger brings much needed competition to banking sector
VAUGHAN, ONTARIO - April 7, 2014 - PACE Credit Union (PCU) and Alterna Savings, two of Ontario's leading community-cooperative banks have announced they are merging. They will operate 39 branches in diverse communities under both the PACE and Alterna Savings banners. It will employ 600 staff, and serve a growing membership of 140,000 who hold $4.1 billion in assets under administration. Rob Paterson of Alterna is Chief Executive Office and Larry Smith of PCU will be President.
"There will be no reduction in staff or branches; and we will offer increased services and a greater capacity to strengthen our brands and community spirit. Joining forces will make us even stronger," says PCU's Larry Smith.
Newmarket-Aurora MPP Frank Klees says, "This announcement is welcome news not only for credit union members who will benefit from the combined assets of both organizations, but also for the province. The retail and local business markets need more choices in terms of banking products. Many people don't realize the options available to them through credit unions – oftentimes traditional banks don't have the same flexibility that credit unions have."...click here to read more.
NOTICE OF ANNUAL MEETING OF MEMBERS
The meeting will take place at Bellvue Manor, 8083 Jane Street, Vaughan, Ontario on April 30th 2014 at 7:00pm.