This past May, the Board of gfcu announced to its staff and its members, that it will embark on a merger exploration with Gulf and Fraser Fisherman’s Credit Union (G&F). G&F is a credit union based in the Lower Mainland, and currently operates 28 branches throughout that region.
During the last half of 2021, the gfcu Board recognized the need to pursue a merger, in order to keep pace with the changing landscape of both technology and evolving member expectations. While gfcu is in a healthy financial position, the Board made the proactive move of approaching numerous potential merger partners to try and find the right fit. After an in-depth process, the team landed on G&F.
The process has only just begun, and in the end, no merger will happen without the members of gfcu voting in favor. You can click the link below to read more detail on the announcement, and to the members of gfcu, we will be bringing forward a lot more information in the coming months. Our main website “www.gfcu.com” will remain the best place to stay up to date.
