.jpg)
2 hours ago
1
Article content
Kawartha Credit Union Members and Libro Credit Union Owners have voted in favour of merging to become one credit union.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
PETERBOROUGH, ONT & LONDON, ONT, Nov. 12, 2025 (GLOBE NEWSWIRE) — For immediate use
November 12, 2025
Article content
Article content
Kawartha and Libro Merger Approved – Members and Owners Vote Yes
Article content
Ontario – Kawartha Credit Union Members and Libro Credit Union Owners have voted in favour of merging to become one credit union.
Article content
The vote was held between October 20 and 30. A favourable vote required 66.67% approval from all voting classes at both credit unions. The vote results are as follows:
Article content
Article content
- 88.1% of voting Kawartha Members and 90% of voting Libro Owners voted in favour of the Proposed Merger
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
- 90.7% of shares of voting Kawartha Class A Investment shareholders and 96.3% of shares of voting Libro Class I Investment shareholders voted in favour of the Proposed Merger
Article content
- 89.4% of shares of voting Kawartha Class B Affinity shareholders and 88.7% of shares of voting Libro Class P Profit shareholders voted in favour of the Proposed Merger
Article content
“Thank you to the Members/Owners who came out to vote and get involved. It’s very encouraging to know that our Members/Owners agree that our collective shared future will benefit the credit unions as a whole,” says Kawartha Board Chair Allison Chenier. “Together, we can achieve more than we could on our own to help our Members/Owners achieve their financial goals and support our employees and communities.”
Article content
The merger will come into effect on January 1, 2026, and will be led by a 13-member Board of Directors, comprised of Board members from both Kawartha and Libro. While the legal name of the credit union will be Libro Credit Union Limited, both brands will continue to operate for the foreseeable future. Norah McCarthy, current CEO at Kawartha, will become the President of Kawartha. Shawn Good will continue as the CEO of Libro.
Article content
Article content
“With this approval, the Merged Credit Union will be better prepared for the future,” says Libro Board Chair Garrett Vanderwyst. “We can invest more resources to meet the needs of our Members/Owners today and into the future, while providing greater development opportunities for employees, and increased investment in our communities.”
Article content
With this approval, the merged credit union will have approximately $11 billion in total assets under management, serve over 180,000 Members/Owners, across 57 locations in Ontario, offering a full range of personal and business banking, wealth management and insurance solutions.
Article content
To learn more, visit the merger information website: www.GoForwardTogether.ca
Article content
About Kawartha Credit Union
Headquartered in Peterborough, Ontario, Kawartha Credit Union’s purpose is to improve the financial success and well-being of our Members and the communities we serve. We provide values-based expert advice, a full range of competitive and easy-to-understand financial solutions, convenient service channels (including a network of 23 branches, and online and mobile banking), and access to thousands of surcharge-free ATMs across Canada and the U.S. Our 58,000 Members consistently rate us extremely high for overall service, knowledgeable staff, and for the caring and respectful way we help our Members achieve financial success. Kawartha Credit Union is open to anyone looking for a financial services provider they can trust. We call it “banking in your best interest” and we invite you to experience our difference.
English (US)