Beem Credit Union and Compensation Employees Credit Union
As of June 1, 2025, Compensation Employees Credit Union (CECU) members and employees have officially joined Beem Credit Union and will now operate as a branch of Beem. This follows a resounding 89.7% merger endorsement from CECU members earlier this year.
"We are thrilled to welcome our new members and colleagues from CECU to Beem," said Brian Harris, CEO of Beem Credit Union. "Together, we're strengthening our commitment to our members and employees, and delivering an even greater positive impact for the communities we serve throughout British Columbia."
With the merger now complete, the transition of former CECU members onto Beem systems will immediately begin. With this change, these newest Beem members will gain access to Beem's extensive range of products, accounts, and financial services, an upgraded digital experience, and a network of branches that spans from the Lower Mainland and Sea-to-Sky Corridor, through the
Interior and Okanagan Valley, and into the Cariboo and the North. “We’re excited for our future together with CECU and look forward to delivering a better banking experience for all,” added Harris.
About Beem Credit Union (Beem)
Beem is a new credit union with a history that extends back more than eight decades, when its founding credit unions were formed. Rising to the rapidly evolving challenges of the financial services industry and inspired by cooperative values, our founding credit unions recognized that we can do more together. United as Beem, we are combining our strengths to better serve our members. Beem is one of BC’s largest provincially regulated credit unions, supporting the financial wellness of 193,000 members from 66 branches across the province with $17 billion in assets under administration.