Members of NLCU and Reddy Kilowatt Credit Union Vote to Approve Strategic Merger

April 30, 2026 — Members of NLCU and Reddy Kilowatt Credit Union have officially voted in favour of a strategic merger to build on the collective strengths of both credit unions. The member voting period took place from April 20 to April 27, 2026, and the results were announced during separate special meetings for members held virtually April 30th, 2026.

The approval paves the way for the two institutions to enhance service offerings and ensure long-term sustainability for their combined membership within an evolving financial landscape. With the positive member vote secured, the boards of directors also successfully passed a special resolution to approve the formal Amalgamation Agreement.

"This is a significant day for our members and the communities we serve," said Glenn Bolger, CEO of NLCU. "By coming together, we are building a stronger, more resilient credit union that can better meet the growing banking needs of our members while remaining deeply rooted in our local values.”

The combined entity will provide members with an expanded branch network, using its greater competitive scale to enhance product and service offerings while increasing investment in technology.

"We are thrilled that our members recognized the vision behind this partnership," added Carl Bishop, Board Chair of Reddy Kilowatt Credit Union. "This merger is about growth and opportunity, ensuring that our credit union continues to thrive for generations to come.”

The merger remains subject to final regulatory approvals, with a target integration date of January 1, 2027. Until the legal amalgamation is finalized, both credit unions will continue to operate independently, and members can continue to bank as they normally would.

Member Town Hall on Proposed Merger

April 2, 2026 – NLCU and Reddy Kilowatt Credit Union are co-hosting a Member Town Hall Meeting for both memberships to discuss the proposed merger between our credit unions.  

The boards of directors of both credit unions have unanimously recommended this merger to build on the collective strengths of both organizations, enhance our service offerings, and ensure long-term stability and growth for our members within an evolving financial services environment. Your voice is a critical part of this process. 

Meeting Details 

• Date: Wednesday, April 15, 2026 

• Time: 7:00 P.M. NDT 

• Location: Virtual Meeting (Pre-registration is required – click here to register) 

• Purpose: To present the Amalgamation Agreement to both memberships, discuss the vision for our shared future, and answer your questions before the official member vote.  

To learn more about this proposed merger and the benefits it can bring to our members, employees, and communities, please explore the content on this sitelet.  

Your Vote Matters 

Following the town hall meeting, NLCU and Reddy Kilowatt Credit Union will conduct separate electronic votes for our respective memberships from April 20 -27, 2026, asking members to vote on a Special Resolution to approve the merger. Details on how to vote will be shared in the coming weeks. Voting results will be announced on April 30, 2026. 

We encourage members of NLCU and Reddy Kilowatt Credit Union to attend the Member Town Hall Meeting and learn how this partnership will benefit you and our communities. 

Joint Announcement

January 23, 2025 – NLCU and Reddy Kilowatt Credit Union are pleased to announce that their boards of directors have unanimously agreed to enter merger discussions. This step reflects a shared vision to build on the collective strengths of both organizations, enhance service offerings, and ensure long-term stability and growth for members in an evolving financial services environment.

Any potential agreement to formally recommend a merger will be subject to due diligence, regulatory approval, and approval by the members of both credit unions.

“This is a positive and forward-looking decision,” said Glenn Bolger, CEO of NLCU. “NLCU and Reddy Kilowatt Credit Union have long shared a strong commitment to member service, community impact, and cooperative principles. By entering these discussions, we are exploring how we can bring our strengths together to create an even stronger organization for the future.”

Maureen Singleton, NLCU Board President and Chairperson, emphasized the strategic nature of the decision. “Our Board is excited to explore a partnership that aligns so well with our values and long-term vision. These discussions are about growth, opportunity, and ensuring we continue to meet — and exceed — the needs of our members for generations to come.”

From Reddy Kilowatt Credit Union, Michelle Ward, General Manager, noted the shared enthusiasm for collaboration. “Reddy Kilowatt has a proud history of serving our members, and we see real potential in working alongside NLCU. These discussions allow us to thoughtfully explore how we can expand capabilities, strengthen our cooperative model, and continue delivering exceptional member

experiences.”

Carl Bishop, Chairperson of the Reddy Kilowatt Credit Union Board, added, “This is an exciting step for both organizations. Our Boards are aligned in their commitment to transparency, collaboration, and putting members first. We are optimistic about the possibilities this process presents.”

Throughout the process, both organizations are committed to clear and timely communication with members and stakeholders. Further updates and information will be shared on comingtogether4u.com as discussions progress.