Estonian and Latvian Credit Union members vote in favour of amalgamation as Northern Birch Credit Union

We are pleased to announce that the motion to merge together with the Latvian Credit Union and amalgamate as Northern Birch Credit Union passed at our November 27th Special Meeting of Members by an enthusiastic 94%. The following evening, LCU members approved a resolution to merge with ECU by a resounding 98%. This merger will be the first inter-ethnic credit union merger in Ontario. A heartfelt thank you to all members who made their voices heard through the voting process, and who joined us in surveys and focus groups as we embarked on the re-branding journey.

Click here to read the full press release.

The name Northern Birch reflects our opportunity to bridge cultures, where north meets north. It represents the feeling of growth and sustainability. The birch tree is unique to the north, it is hardy and persistent. It often grows in a cluster, in groups scattered through northern forests – like a community.

Our roots are strong and our culture is firmly rooted in trust. Northern Birch allows us to continue to honour our heritage, while giving us the opportunity to grow to meet the needs of future generations. We will continue to invest in our community and keep the core values of our credit union at the forefront of what we do.

The amalgamation as Northern Birch Credit Union will be effective January 1, 2020 and the new brand identity will be implemented in a phased approach over the coming year. Keep your eyes open for exciting news and updates as we reveal more about our new look and brand.

By joining together with the Latvian Credit Union, we will be able to offer our members the increased benefit of choice, as LCU brings with them two branches; one in the Latvian Cultural Centre in Toronto and the other in Hamilton. We will work to provide access to your accounts and make ECU products & services available at these branches as quickly as we can. More information will be shared with you throughout the next few months.

We thank you for joining us on this journey as we continue to build a vibrant credit union that will be here to serve the needs of our children and grandchildren.

Our story shows we are architects of our own future. We are thriving, evolving and growing. Together, we are Northern Birch Credit Union.

“Õues sirge kask seal kasvab,
Temast magust mahla sain”