Box 326, 4809 Herald St.
Macklin, SK S0L 2C0

P: 306-753-2333




 Macklin Credit Union members vote to approve merger with Synergy Credit Union Lloydminster, Sask. – Macklin Credit Union (MCU) and Synergy Credit Union are excited to announce that MCU’s membership has overwhelmingly voted in favour of the amalgamation between the two credit unions. Voting took place on March 17 in Macklin, with 93 per cent voting in favour of coming together. “We are thrilled that our members recognized the value this merger will bring to the credit union in the long term,” said MCU Board Chair Ron Veller. “This ensures the sustainability and success for our members in the future.” “Synergy is so happy to welcome Macklin Credit Union members into our organization,” said Synergy CEO Glenn Stang. “We want to thank the MCU Board of Directors, staff and members for their superb work throughout this process.” There are a number of benefits for MCU members going forward: Ability to attract top talent to navigate the increased regulatory burden that financial institutions are facing. Ability to better handle the cost and resources required to make technological investments. New digital banking and website launching in 2020. Increased hours to the Member Contact Centre. Increased lending capacity. At this time, the amalgamation will not impact MCU members in their everyday banking tasks and both credit unions are taking measures to ensure any adjustments will happen as seamlessly as possible. Updates will be provided as details are confirmed. If anyone has any questions, please contact Macklin Credit Union at 1-306-753-2333 or Synergy Credit Union at 1-866-825-3301. About Macklin Credit Union Macklin Credit Union is a member-owned financial institution with $115 million in assets under administration serving more than 1840 members from Macklin and surrounding communities. Macklin Credit Union provides core banking services through the traditional branch network, the Canada-wide AccuLink ATM network, online banking and mobile web banking with financial advice provided by a qualified professional who attends the branch weekly. About Synergy Credit Union Synergy Credit Union is a member-owned financial institution serving more than 29,000 voting and non-voting members from 10 communities within northwestern Saskatchewan. Synergy Credit Union is the fourth largest credit union in the province of Saskatchewan and is one of the leading credit unions in Canada with $1.81 billion in on and off-balance sheet assets. Synergy provides core banking services through our traditional branch network, the Canada-wide ‘ding free’ AccuLink ATM network, MemberDirect® online banking, Live Chat, mobile web and app banking, as well as through calling our Member Contact Centre.More complex and advanced services, such as financial advice and analysis, are delivered by specialists who may be located in select branches or available to meet in a location of the member’s choice, by request. -30- For additional information, please contact: Colin Budd, Communications Specialist Synergy Credit Union P: 1-844-825-1350 E: FOR IMMEDIATE RELEASE March 31, 2020