GVC members are being asked to vote on the proposed merger between Greater Vancouver Community Credit Union and Cascadia Credit Union.
Personal members: Vote online through GVC’s secure online banking platform. During the voting period, login to vote at gvccu.com and follow the prompts to submit your vote. Online ballots must be received by 11:59pm on Monday, November 23rd.
Personal members can request a mail ballot by contacting admin@gvccu.com prior to November 6th.
You can vote at a branch during regular branch hours within the voting time period.
Business members: Must vote in branch during regular branch hours during the voting time period. Alternatively, business members can request a mail ballot by emailing admin@gvccu.com prior to November 6th.
Personal (Individual) Members
Each individual who meets each of the following requirements is entitled to one vote:
• The individual is a member in good standing in accordance with the Rules of GVC as of July 2, 2026.
• The individual is 19 years of age or older.
• The individual owns at least 25 Class B Membership Equity Shares. If Class B Membership Equity Shares are jointly held, each joint holder will be entitled to one vote on the special resolution provided that the joint holders jointly hold at least 25 Class B Membership Equity Shares.
Business Members
Business members include organizations, partnerships, incorporated companies, incorporated associations, societies, sole proprietorships, and unincorporated associations. Each business member who meets each of the following requirements is entitled to one vote:
• The business member is a member in good standing in accordance with the Rules of GVC as of July 2, 2026.
• The business member owns at least 25 Class B Membership Equity Shares.
• The business member’s vote is cast by an authorized representative who may be a member or non-member of GVC and who is 19 years of age or older.
In accordance with section 16 of the Credit Union Incorporation Act (BC) and the voting processes set out in GVC’s Rules, members of GVC are being asked to vote on a special resolution approving the Asset Transfer Agreement, which outlines the terms and conditions of the proposed merger.
In order for the proposed merger to proceed, the special resolution must pass, meaning that at least two thirds of the votes cast on the special resolution must be in favour of the proposed merger.
Special Resolution
“BE IT RESOLVED, as a special resolution, that the Asset Transfer Agreement between Greater Vancouver Community Credit Union, as the transferring credit union, and Cascadia Credit Union, as the acquiring credit union, under section 16 of the Credit Union Incorporation Act (BC) be and is hereby approved, and accordingly:
(a) Greater Vancouver Community Credit Union is hereby authorized and directed to execute the Asset Transfer Agreement; and
(b) the directors of Greater Vancouver Community Credit Union are hereby authorized and directed to take the steps necessary to complete the transfer of all the rights, property and assets of Greater Vancouver Community Credit Union to Cascadia Credit Union in accordance with the terms and subject to the conditions contained in the Asset Transfer Agreement.”
If the special resolution is approved by GVC members, GVC and Cascadia will enter into the form of Asset Transfer Agreement available for download below.
Download the Asset Transfer AgreementQuestions? Contact Us Today