The Voice of the People!
Special General Meeting
True or False:
Mutual Funds are covered under CDIC up to $100,000.
False:
Mutual Funds are not an eligible deposit category covered under CDIC insurance.
What is the process called that allows Prospera and Sunshine Coast credit unions to transition to federal regulation?
Member Confidence is at the center of our FUSE strategy- and this TOOL provides direct feedback and insight into our member's experience banking with Prospera.
MEI
Member Surveys
NPS score
In terms of employee benefits and compensation, Prospera has committed to maintaining the same or _____.
Better
Our member voice matters! For every vote cast, Prospera will donate $1 to _________ __________, up to a total of $25,000!
Special OlympicS (BC)
CDIC insures eligible deposits up to $100,000 per depositor, per c___________.
Category
Members can get more than $100,000 of deposit insurance coverage from CDIC by rearranging their deposits into multiple categories. The amount of CDIC coverage available will depend on the types of accounts they hold.
In the event that 1 of the 3 credit unions is not successful in reaching a 2/3 positive vote, what would happen?
So long as Coast Capital is one of the credit unions whose members approved the special resolution, the transaction with the remaining 2 would proceed.
As it relates to our FUSE strategy, what Strategic Pillar is referred to as the accelerator?
Partner to Scale!
List 2 employee benefits related to the upcoming merger?
more diverse career opportunities #growth
access to increased efficiencies related to systems and processes.
SALES FORCE
Deeper involvement in our communities and ability to invest in more meaninful ways!
AND MORE!!!
How many Advice Centers will the combined credit union have?
70!
As a merged credit union our combined assets under administration are ________.
38.6 BILLION dollars
[insert Dr. Evil laugh here MUAHAHAHA]
What change came into effect on May 21, 2025, that affects documentation regarding New Membership openings?
We are required to provide and upload a copy of the Disclosure on Continuance (Federal Credit Unions).
3 In person Open Houses (Surrey, Abby. Kelowna)
1 Virtual Open House
AC Coffee Chats
How will this merger benefit our employees?
-Access to new career pathways, broader training, resources and mentorship
-Ability to make an even greater impact on the communities where you live and work through expanded programs and initiatives
-Improved tools, products, technology and systems to better help members, improve job efficiency and reduce manual processes
Coffee Chats
As a Merged entity, our E________ P_________ will allow us to invest into our business to stay relevant in this increasingly digital world.
Earnings Potential
what is the MAIN website where members can find more information about the merger?
RM's and Leaders are reaching out to our most engaged members through _________ calling, to encourage them to vote and to address any questions or concerns they may have.
PROACTIVE
How many Advice Centers will the combined credit union have?
70!
List 3 benefits the members can expect as a result of the merger.
More competitive products and services
Enhanced Digital Banking Platform
Access to 70 locations to serve their needs!
Ability to serve our members beyond provincial borders!
Better protection for their money (Cyber Security)
True or False:
Upon a successful merger, our members can expect immediate changes to their Deposit Insurance coverage.
FALSE
Existing term deposits will continue to have unlimited deposit insurance until the end of the term or until they are cashed out.
In the case of demand deposits, transitional coverage is extended for 180 days.
After the transition period, CDIC’s normal coverage will apply.
NOTHING.
For the immediate future, the combined credit unions will continue to use the trusted and familiar brands our members have come to know and trust.
If we succeed in a positive member vote, how many members will the combined credit union service?
730,000!
#WOWZERS
How many employees will the combined credit union have?
2500!!!