Milestone Reached in Proposed Merger Between CECU and Beem

We are excited to share that the Proposed Merger between Compensation Employees Credit Union (CECU) and Beem Credit Union (Beem) has reached a major milestone. The Superintendent of Financial Institutions has given consent for CECU to move forward with a member vote. This follows unanimous endorsement from both boards on the benefits we believe this proposed merger will bring to our members, employees, and the communities we serve.

For over 70 years, both CECU and Beem have been committed to helping members achieve their financial goals while supporting the communities we call home. By joining together, we can strengthen that commitment. In today’s fast-changing economic environment, this proposed merger is about building a stronger, more resilient future—one where we can offer more services, competitive products, and continue to put our members first.

From April 24 to April 30, CECU members will have the opportunity to vote on the proposed merger. If approved, the merger is expected to take effect on June 1, 2025.

After the vote, results will be shared on both credit unions’ websites and at TogetherWeAreBetter.ca.

Learn More
We know you might have questions, and we’re here to help. Visit TogetherWeAreBetter.ca to find everything you need to know, including a Members Guide to understanding the proposed merger, Q&A, and a Supplemental Information Package and Asset Transfer Agreement.

If you have any additional questions, feel free to reach out to us at merger@cecu.ca or merger@beemcreditunion.ca.