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January 1, 2026. Throughout 2026 work will begin on building an integration approach that will cause the least disruption possible to everyday banking services.
No, the current hours of operation, 8:30 am to 4:00 pm, Monday through Friday will stay the same; as will the location (402 Main Street, Foam Lake, SK) and the phone number (306-272-3385) will also remain as is.
Yes, please continue to use your existing cheques and cards. The credit union name displayed on cheques or cards will not impact either of these payment options.
As cheques and cards are reissued they will be branded with Prosperity Credit Union information.
No, mobile apps and online banking will not require any changes as of January 1, 2026. You will continue to sign on through the existing Foam Lake Credit Union link to access your digital banking platform.
In the latter half of 2026 after the banking systems have merged, members will then access the digital banking platform through the Prosperity Credit Union link. We will be sure to keep you posted of any changes through emails, websites, in-branch messaging, and social media.
Yes. The merger will not affect the deposit guarantee. Deposits are 100% guaranteed today through Credit Union Deposit Guarantee Corporation and will continue to be so with Prosperity Credit Union.
As we work through the merger with Prosperity Credit Union, we will be assessing all areas of our business. Over time, we will be able to leverage our size and combined strength to provide new solutions and positive improvements to the products, services, pricing, and technology we offer today.
Under the terms of the agreed upon merger agreement, Foam Lake will have two representatives on the Prosperity Board of Directors for the first year. These will rotate on a 3 year basis within the regions of Prosperity Credit Union.
The CEO will be Blair Wingert, the existing CEO from Prosperity Credit Union. Foam Lake Credit Union’s current CEO, Kent McMann will remain in a leadership role to assist and support in the transition to the new organization.
Supporting employment in all our communities is a key priority for Prosperity Credit Union. We operate with a decentralized leadership and administrative model with teams spread out between service locations and through remote work arrangements. In today’s world, technical advancements have made remote workplace models very attractive and efficient, and our intent is to continue to operate decentralized going forward.
All current Foam Lake Credit Union employees will remain on staff with the new organization.
Prosperity Credit Union is committed to giving back to each of the communities they serve. In addition to monetary assistance, employees are encouraged to volunteer and assist with local groups and organizations, as well as providing support with any new initiatives. This is a vital component of the cooperative principles which we will remain true as we move forward. Profit sharing & patronage programs will be evaluated and may be redesigned to align with what is important to the member.
