Four Nova Scotia Credit Unions Vote to Merge, Creating Province-Wide Network
Acadian, East Coast, iNova, and Teachers Plus credit unions have approved a merger that will take legal effect on January 1, 2027. The combined organization will manage approximately $2 billion in assets and serve more than 65,000 members across 24 locations in Nova Scotia.
Four Nova Scotia credit unions — Acadian, East Coast, iNova, and Teachers Plus — have voted to merge into a single province-wide organization. The merger is set to take legal effect on January 1, 2027.
Voting took place from September 22 to October 2, with all four credit unions surpassing the required 66.67% approval threshold. The merged organization will be called East Coast Credit Union in English and Caisse populaire Côte Est in French.
The new entity is expected to manage approximately $2 billion in assets and serve more than 65,000 members across a network of 24 locations in Nova Scotia. Ken Shea will serve as president and CEO of the merged organization. Daniel LeBlanc is the Chair of Acadian Credit Union.
The merger aims to create a province-wide credit union network and expand services for French-speaking members while maintaining local decision-making.