The Neighbourhood Network®
Deep roots, Stronger future
Picture yourself here…
Communities are better when there is a credit union supporting them. Neighbourhoods are stronger when we invest in families instead of stockholders. Here’s an option to partner in a growing network that provides for local autonomy, shared services and strategic growth.
Picture your credit union continuing as part of the YNCU federated model – your roots firmly planted where your credit union began while contributing to a larger network.
LOCAL BRANDING
COMMUNITY FOCUSED
STRONG NEIGHBOURHOODS
The Neighbourhood Network® is an example of a federated credit union merger model. Credit unions are able to amalgamate to pool resources and take advantage of all of the benefits of being a larger financial institution, but are able to retain their name and local branding.
Picture a neighbourhood – not all of the houses may look exactly the same, but all of the people who live there help and support each other and recognize that they are stronger together. That is the beauty of the Neighbourhood Network®. Each credit union retains its local presence, which is what credit unions are all about, but we are all on the same team, and can share resources and intelligence to help the larger organization achieve success.
Currently the Neighbourhood Network® operates 20 branches, employs over 240 staff members in eleven communities, and services over 57,000 members with approximately $1.6 billion in assets under administration. As one organization, the combined investments will go further toward delivering the shared vision of providing leading-class financial services to members.
Local decisions
The credit unions in the Neighbourhood Network® are committed to working in the best interest of their members. That means providing all members with solutions to achieve their financial goals regardless of the community they reside in.
Local People
Local staff and management continue to provide members with the same level of service they have become accustomed to. Through the amalgamation, employees will have new career advancement opportunities, greater exposure to different specialized sectors, and a greater capacity for ongoing training and development.
Same Great Credit Union
Understanding the uniqueness of the communities we serve as a combined organization, it is important to us to maintain our individual identities. Together, we represent more than an amalgamation, but a true partnership and one great organization.
In order for a credit union to be successful for the long term it must be relevant. As our founding members age we need to attract a broader and younger membership. As our employees age we need to attract and retain the best and brightest people who supplement and renew our skills and resources.
Keeping up with constant change and increasing expectations is a tall order. Why not consider a partner who will work with you to build on best practices and create a stronger credit union together?
Now that’s thinking co-operatively!
Glenn Wilson
VP LENDING SERVICES
YOUR NEIGHBOURHOOD CREDIT UNION
“We have gone through a number of mergers at Your Neighbourhood Credit Union, but none as historically significant as the one with Community First. As a true merger of equals, this amalgamation is a real partnership, and represents what’s best for our members and our staff. The Neighbourhood Network® is a unique partnership opportunity, which has afforded us a number of significant benefits. To make the process as seamless as possible, a carefully considered amalgamation strategy was put in place, which could be easily applied to future mergers. The Community First team has been a welcome addition to our neighbourhood. They brought with them a host of skills, products, services, and values that are already being put into effect at Your Neighbourhood Credit Union today. We didn’t simply absorb them into us, we considered each and every person that was affected, and blended the two organizations together, taking the best from each of us. As a larger credit union, we are better equipped to weather any storm, and we all work as a team to achieve our organizational goals.”