Swift Current, SK — May 11, 2026 — Innovation Federal Credit Union (Innovation) with the support of BanQsi, a fintech and technology services firm specializing in complex banking initiatives, have successfully completed the integration of core banking systems with ABCU Credit Union. The combined organization is now fully operational, marking a major milestone in its growth and national expansion.
The merger, which legally took effect on April 1, 2026, following federal regulatory approval, represents a significant moment for the Canadian credit union system. As one of the first federal-provincial credit union mergers in Canada, the initiative brings together two organizations with a shared commitment to member service, financial strength, and long-term growth.
BanQsi provided specialized support across technology integration, vendor coordination, and operational readiness to ensure a smooth and well-coordinated transition for members, employees, and stakeholders.
“Mergers like this are among the most complex initiatives financial institutions undertake,” said Piero Novello, Chief Client Success Officer at BanQsi. “Successfully delivering a merger of this scale requires careful coordination across systems, vendors, and teams. We’re proud to have partnered with Innovation to support a smooth integration and strong outcome.”
The successful integration reflects a broader shift toward scale, operational resilience, and expanded capabilities as credit unions look to serve members across provincial boundaries. With the merger now complete, Innovation is well positioned to operate as a stronger, more resilient organization with expanded national reach.
“Innovation has always focused on building a credit union that can grow and adapt to meet the evolving needs of Canadians,” said Daniel Johnson, Chief Executive Officer of Innovation Federal Credit Union. “BanQsi played an important role in helping us navigate the operational complexities of this merger and ensuring a successful transition for our members and teams.”
BanQsi’s role focused on managing execution risk across the merger lifecycle, including integration planning, system readiness, and coordination with internal teams and external partners. This approach helped ensure continuity of member services while enabling the combined organization to move forward with confidence.
About Innovation Federal Credit Union
Innovation Federal Credit Union serves more than 70,000 members across Canada and manages approximately $5.8 billion in assets, making it one of the largest credit unions headquartered in Saskatchewan. Learn more at innovationcu.ca
About BanQsi
BanQsi is a fintech and technology services firm that partners with credit unions and community banks to successfully deliver complex technology initiatives. With deep expertise across core banking platforms, integrations, digital applications, and regulated financial environments, BanQsi helps institutions reduce execution risk and move critical programs forward with confidence. BanQsi operates globally with offices in Winnipeg, Canada; Frisco, Texas; and Dubai, United Arab Emirates. Learn more at banqsi.com