The information below will help you to understand the legal terms that are referenced on this website.
BlueShore Financial Credit Union (“BlueShore Financial”) and Beem Credit Union (“Beem”) will merge on January 1, 2025.
The merger is structured as an asset transfer under Section 16 of the Credit Union Incorporation Act (BC), whereby Beem will acquire all the assets and assume all the liabilities of BlueShore Financial. Following the merger, BlueShore Financial members and shareholders will become members and shareholders of Beem.