Additional Merger Details

Merged Credit Union Leadership

‍With a strong vision in place, an organizational structure that considers the future values and aspirations of the Merged Credit Union was needed. A capable leadership team will build a strong credit union that is ready for the future and evolves the business in this changing environment.

Kelly Marshall, current CEO of Summerland Credit Union, will be the CEO of the Merged Credit Union. A four-person executive team under the CEO will serve as the foundation of the Merged Credit Union’s leadership. The following individuals will form the initial Executive Team of the Merged Credit Union.
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     • Chief Risk Officer – Thom Meyer
     • Chief Operating Officer – Greg Sol
     • Chief Innovation Officer – Kyle Ellis
     • Chief Corporate Officer – Michelle Hardy

Board of Directors

‍The initial Board of Directors for the Merged Credit Union will consist of 11 directors, with representatives from each of the three legacy Credit Unions, as follows:

• Osoyoos Credit Union: Three directors, with staggered terms—one serving a one-year term, one serving a two-year term, and one serving a three-year term.

• Revelstoke Credit Union: Three directors, with staggered terms—one serving a one-year term, one serving a two-year term, and one serving a three-year term.

• Summerland Credit Union: Five directors, with staggered terms—two serving one-year terms, two serving two-year terms, and one serving a three-year term.

The first year of the terms of the initial directors will begin when on the effective date of the Proposed Merger and finish at the close of the first Annual General Meeting (AGM) of the Merged Credit Union, which will be held in 2026. As part of a planned governance transition, the Board size will be reduced to 10 directors following the 2026 AGM and then to nine directors after the 2027 AGM. This gradual reduction helps ensure the Board follows good governance practices while still providing strong oversight.

The following individuals will form the initial Board of Directors of the Merged Credit Union: