Tuesday, May 7, 2013

Sidebar: National results also impressive

Credit union success isn’t limited to Manitoba. Across Canada, member-owned financial co-operatives are growing.
According to statistics gathered by Credit Union Central of Canada, credit unions and caisses populaires across the country (outside Quebec) ended 2012 with $152.5 billion in assets, representing an 8.8 per cent increase over the $140.2 billion reported at year-end 2011.
 “The impressive fourth quarter results reflect Canadian credit unions’ commitment to growing their business and are further evidence of the strength of the credit union sys­tem,” commented David Phillips, president and CEO, Credit Union Central of Canada. “Strong performance results also suggest that Canadian credit unions’ continued focus on providing excellent service to their members and to their communities is the right ap­proach.”

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