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Credit unions serve 107 communities throughout the province, giving Manitobans substantially better access to quality financial services and products than any other financial institution.
In 65 of those communities, a credit union is the only financial institution in place to serve local residents and businesses. CUCM’s Associate Member, Caisse Group Financier / Caisse Financial Group, has a presence and is the only financial institution in an additional 16 Manitoba communities. |
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MEMBERSHIPS (thousands)
More than eleven thousand people opened new memberships with Manitoba credit unions in 2020, recognizing the benefits of the co-operative, member-owned financial model.
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CREDIT UNIONS (blue) LOCATIONS (teal)
Amalgamations of Minnedosa Credit Union and Sunrise Credit Union, and Neepawa-based Beautiful Plains Credit Union and Portage-based Stride Credit Union, reduced by two the number of credit unions in the province. (The number is 22 as of January 1, 2021 with the amalgamation of Crosstown Civic and Access credit unions.)
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CREDIT UNION ASSETS ($ billions)
Manitoba credit union assets grew by $2.94 billion in 2020, an 8.96% increase over 2019.
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CREDIT UNION EQUITY ($ millions/% of assets)
Credit union equity consists of member share capital, surplus shares, preferred shares, contributed surplus and retained earnings. It increased in 2020 by $100 million, and consolidated equity as a percentage of system assets remains strong at 6.37%.
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LOANS & DEPOSITS ($ billions)
Manitoba credit union loans grew by $951 million in 2020, a 3.5% increase over 2019. Member deposits grew by just over nine per cent.
* net of allowances |
Altona Amaranth Arborg Ashern Austin Baldur Beausejour Benito Binscarth Birds Hill Birtle Boissevain Brandon Carberry Carman Cartwright Cypress River Dauphin Deloraine Dominion City Dugald Emerson Erickson Eriksdale Ethelbert Fisher Branch Flin Flon Gilbert Plains Gillam Gimli Gladstone Glenboro Glenella Grand Rapids Grandview Gretna Grunthal Hamiota Hartney Headingley Holland Inglis Kenton Killarney La Rivière Lac du Bonnet Landmark Laurier Lowe Farm Lundar MacGregor Manitou Melita Miami Miniota Minnedosa Moosehorn Morden Morris Neepawa Ninette Niverville Oak Bank Oak Lake Oak River Oakburn Oakville Pilot Mound Pinawa Pine Falls Plum Coulee Plumas Portage la Prairie Reston Rivers Riverton Roblin Rorketon Rosenort Rossburn Russell St. Lazare Ste. Rose du Lac Sandy Lake Sanford Selkirk Shoal Lake Souris Sprague Starbuck Steinbach Stonewall Strathclair Swan Lake Teulon Swan River The Pas Thompson Treherne Virden Vita Waskada Whitemouth Winkler Winnipeg Winnipeg Beach Winnipegosis