Members Vote to Approve Strategic Merger between NLCU and Reddy Kilowatt Credit Union
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.
Membership voting was conducted from April 20-27, 2026, and the results were announced during separate special meetings for members held virtually on April 30, 2026. The special resolution to approve the formal Amalgamation Agreement was also passed during the special meetings.
The boards and management teams of both credit unions firmly believe that by coming together, we will build a stronger, more resilient credit union that can better meet the growing banking needs of members while remaining deeply rooted in our local values.
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 you normally would.
Information regarding the transition will be shared through the dedicated merger sitelet at comingtogether4u.com and other channels regularly used to communicate with members.
NLCU Board Election Results Announced at Special Meeting
During the NLCU special meeting on April 30, 2026, the Board of Directors election results were announced. With four eligible nominees for the four vacant seats, the following individuals were elected by acclamation: Courtney Clarke, Ken Kavanaugh, Sheena McCrate, and Allan Skanes.
In a Board Re-organization Meeting that followed, Maureen Singleton was elected as President and Board Chairperson, Allan Skanes, as 1st Vice President, and Sheena McCrate as 2nd Vice President.
Notice of Special Meeting for Members on April 30, 2026
The NLCU Board of Directors is calling a Special Meeting for members.
The purpose of this meeting is to announce the results of the vote on the proposed merger. If the membership votes in favour of the merger, the board will also call for a special resolution to approve the Amalgamation Agreement. To review the Amalgamation Agreement, please visit the merger information website, comingtogether4u.com.
The Special Meeting will take place online via Zoom on Thursday, April 30, 2026, commencing at 6:30 p.m. NDT. To participate, members are to pre-register by clicking here. All members are welcome and encouraged to attend.
Members to Vote on Proposed Merger between April 20-27, 2026
From April 20-27, 2026, eligible NLCU members will be asked to vote to approve the merger with Reddy Kilowatt Credit Union. Voting will be conducted electronically. Information on how to cast your vote will be provided once voting opens on April 20.
Members who are entitled to vote are those who are in good standing, have reached the age of majority, and have the required equity shares with your credit union. All eligible members are encouraged to exercise your right to vote.
About the Proposed Merger
The boards of directors of NLCU and Reddy Kilowatt Credit Union have unanimously recommended a merger to build on the collective strengths of both credit unions for long-term sustainability and growth. For more information on the proposed merger, please visit comingtogether4u.com.
Fraud Alert: Impersonation Scam
Members should be aware of a new fraud scam taking place whereby you may receive a telephone call from someone claiming to be a representative of NLCU.
In these calls, the scammer may claim there is an issue with transactions, suspicious activity, or a problem that requires immediate action. They may ask for personal information such as account numbers, online banking credentials, multi-factor verification codes, or other sensitive details.
NLCU will never ask for your online banking login credentials or multi-factor authentication codes. If you receive a call from someone claiming to be from NLCU and you are unsure of their identity, please hang up and call 1 (800) 563-3300.
As a reminder, you should always verify through official NLCU channels any unexpected or suspicious contact claiming to originate from your credit union.
Protect Your Personal Information
Telephone calls from scammers pretending to be from reputable companies to trick you into revealing personal information are a form of impersonation scamming. Here are a few important tips to remember to protect against these scams:
- Be suspicious of unsolicited phone calls
- Never assume that phone numbers appearing on your call display are accurate
- Hang up and make the outgoing call when someone claims to be contacting you from your credit union, service provider, law enforcement or government agency
- Verify information through official channels
- Be cautious about providing personal information
Learn more about safeguarding your accounts online by visiting Get Cyber Safe and the Canadian Anti-Fraud Centre.
Announcing the Recipients of the 2025 NLCU Scholarship Program
NLCU is pleased to announce the recipients of the 2025 NLCU Scholarship Program. The program offers three scholarships - two for eligible NLCU members/children of members, and one for eligible children of NLCU board members and employees. Each scholarship is valued at $3,000.
The scholarship recipients for 2025 are:
- Spencer King, graduate of Laval High School, recipient of the Michael W. Boland Outstanding School and Community Involvement Scholarship
- Benjamin Blake, graduate of Exploits Valley High School, recipient of the Owen Grimes Memorial Scholarship
- Claire Goodyear, graduate of Gonzaga High School, recipient of the Brian F. McDonald Scholarship
First established in 1994, the NLCU Scholarship Program recognizes the contributions of Newfoundland and Labrador’s community builders of tomorrow, celebrating those who embody the qualities of good citizenship and co-operation. Since the program's inception, a total of 82 scholarships have been awarded to graduating high school students in Newfoundland and Labrador.
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Members Vote to Approve Strategic Merger between NLCU and Reddy Kilowatt Credit Union
Members of NLCU and Reddy Kilowatt Credit Union voted in favour of a strategic merger to build on the collective strengths of both credit unions.
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Fraud Alert: Impersonation Scam
Members should be aware of a new fraud scam taking place whereby you may receive a telephone call from someone claiming to be a representative of NLCU
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Notice of Special Meeting for Members on April 30, 2026
The NLCU Board of Directors is calling a Special Meeting for members to announce the results of the vote on the proposed merger and call for a special resolution to approve the Amalgamation Agreement.
COVID-19 Update to Members
NLCU is committed to keeping our lines of communication open to inform you of our latest COVID-19 safety measures.
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