M&A Deal Announcement | Tentt Deal Tracker

Innovation Federal Credit Union has completed the acquisition of ABCU Credit Union, a banking business in Alberta and Saskatchewan, for $5.506 billion. Innovation Federal Credit Union is a member-owned credit union serving 72,600 members through 30 advice centre locations in Saskatchewan, with about $5.506 billion in managed assets. ABCU Credit Union is a full-service credit union serving 6,700 members via two Edmonton-area branches, managing more than $274 million in administered assets, supporting personal and business banking since 1938. The financial services M&A transaction is Canada’s first interprovincial credit union merger, approved by the Federal Minister of Finance and structured as a merger acquisition with a legal merger effective April 1, 2026.