A March 18th publication by Torys LLP raises the observation that perhaps its time for OSFI to update its guidance in respect of smaller credit unions wishing to amalgamate with federal credit unions.

Credit union amalgamation continues to provide opportunities for smaller credit unions to benefit from the “policies, procedures, resources, systems and technology of the existing FCU.”

https://www.torys.com/insights/publications/2019/03/updates-to-guidance-for-merging-with-an-fcu-should-be-considered