St. Catharines-based company boosting security after recent credit union robberies


Published February 28, 2023 at 12:41 pm

A credit union company, headquartered in St. Catharines with 89 branches province-wide, is stepping up its security after a small handful of recent robberies.

Meridian Credit Union, a name very familiar to those in the Niagara area with 16 branches here, was concerned about the recent robberies – most recently at a branch in Niagara Falls on Feb. 23 – that they will be “implementing a series of enhanced security procedures” at their credit unions.

The company said they will be dropping the on-site cash levels as a deterrent to potential future robberies in order “to protect employees and members who use our branch services.”

“Based on unfortunate recent events, these enhanced security measures are necessary to ensure the health and safety of our employees and Members, our top priority,” said Wade Stayzer, Chief Operating Officer at Meridian.

“As we work through the operational aspects of implementing these new procedures, we ask our Members in advance for their patience and support. We appreciate their loyalty and their business.”

While no staff employees were harmed in the recent Dec. 2022 and February robberies, Meridian said it is cooperating closely with the police “and have consulted with them in adopting these enhanced precautions.”

“Given these circumstances, we are unable to comment further.”

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