PETERBOROUGH, ON [January 24, 2025] – Kawartha Credit Union is pleased to announce the acquisition of Smiths Falls Community Credit Union. On December 30, 2024, at a special general meeting of the members of Smiths Falls Community Credit Union, the members of Smiths Falls voted in support of the sale of Smiths Falls to Kawartha Credit Union, effective December 31, 2024.
This acquisition enhances Kawartha Credit Union's presence in eastern Ontario by adding the Smiths Falls Community Credit Union location bringing Kawartha’s branch network to 23 locations in central and eastern Ontario. For Kawartha Credit Union, this signifies an exciting opportunity to expand into Smiths Falls, where we can serve a growing population with a comprehensive range of banking services, including online and mobile banking, competitive rates, business banking, wealth management services, and dedicated support from the Kawartha Credit Union Contact Centre.
“We are thrilled to welcome Smiths Falls Community Credit Union members to Kawartha Credit Union,” said Norah McCarthy, CEO of Kawartha Credit Union. “This acquisition is a great fit for both organizations and reflects our shared values of member-first service and community support. We look forward to enhancing the experience for Smiths Falls Community Credit Union’s members with expanded financial solutions and conveniences.”
“By joining together with Kawartha Credit Union, our members’ products, services, and overall experience will be enhanced in ways that are simply not possible for us to deliver on our own,” said Jim Allen, CEO of Smiths Falls Community Credit Union. “We are confident that by bringing our credit unions together, we will create a stronger future and opportunities for our members and communities.”
The legal transaction was completed on December 31, 2024, following the positive member vote. The next step is the operational transition of Smiths Falls Community Credit Union to Kawartha Credit Union, which is anticipated to be completed by mid-2025.
About Kawartha Credit Union
Headquartered in Peterborough, Ontario, Kawartha Credit Union’s purpose is to improve the financial success and well-being of our members and the communities we serve. We provide values-based expert advice, a full range of competitive and easy-to-understand financial solutions, convenient service channels (including a network of 23 branches, and online and mobile banking), and access to thousands of surcharge-free ATMs across Canada and the U.S. Our 58,000 members consistently rate us extremely high for overall service, knowledgeable staff, and for the caring and respectful way we help our members achieve financial success. Kawartha Credit Union is open to anyone looking for a financial services provider they can trust. We call it “banking in your best interest” and we invite you to experience our difference.
About Smiths Falls Community Credit Union Community
Smiths Falls Community Credit Union Community was established in 1951, serving its members from a single branch in Smiths Falls Community Credit Union. With a member-centered approach, Smiths Falls Community Credit Union Community has provided personal banking services to hundreds of members, building lasting relationships within the Smiths Falls Community and area.
For media inquiries, please contact:
James LaJoie
Manager, Marketing
Kawartha Credit Union
jlajoie@kawarthacu.com