2004 Annual Report
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Manitoba’s Credit Unions District 1 District 7 Steinbach credit union [ 2 branches ] Amaranth credit union [ ] Austin credit union [ 4 ] District 2 Beautiful Plains credit union [ 2 ] Assiniboine credit union [ 0 ] Crocus credit union [ 2 ] Cypress River credit union [ 2 ] District 3 Erickson credit union [ ] Cambrian credit union [ ] Hartney credit union [ ] Minnedosa credit union [ ] District 4 Portage credit union [ 3 ] Alliance credit union [ 3 ] Sandy Lake credit union [ ] Belgian credit union [ ] Strathclair credit union [ 4 ] 2004 Annual Report Buff alo credit union [ 2 ] Tiger Hills credit union [ 2 ] Civic credit union [ 3 ] Turtle Mountain credit union [ 3 ] Entegra credit union [ 2 ] Virden credit union [ 4 ] Me-Dian credit union [ ] North Winnipeg credit union [ ] District 8 Credit Union Central of Manitoba Limited Transcona credit union [ 2 ] Agassiz credit union [ 5 ] Incorporated in 950 by Statute of Winnipeg Police credit union [ ] Altona credit union [ 2 ] the Province of Manitoba, Canada. Community credit union [ 3 ] District 5 Duff erin credit union [ ] credit society / agent bank Astra credit union [ 6 ] La Salle credit union [ ] Credit Union Central of Canada Carpathia credit union [ 3 ] Lowe Farm credit union [ ] Bank of Nova Scotia Crosstown credit union [ 3 ] Niverville credit union [ 2 ] Vantis credit union [ 9 ] Oak Bank credit union [ 2 ] external auditors Rosenort credit union [ ] PricewaterhouseCoopers llp District 6 Sanford credit union [ 2 ] Arborg credit union [ 2 ] Starbuck credit union [ 2 ] solicitors Dauphin Plains credit union [ 3 ] PITBLADO llp Eriksdale credit union [ 3 ] District 9 Ethelbert credit union [ 2 ] Heartland credit union [ 3 ] consulting economists Flin Flon credit union [ ] South Interlake credit union [ 9 ] Dr. Norm Cameron Gimli credit union [ 2 ] Vanguard credit union [ 3 ] Dr. John Loxley Grandview credit union [ ] Westoba credit union [ 8 ] Dr. Brian Oleson Riverton credit union [ ] Roblin credit union [ 2 ] Rorketon & District credit union [ ] Ste. Rose credit union [ ] Box 9900 :: 25 Garry Street :: Winnipeg, Manitoba r3c 3e2 :: Tel 204.985.4700 Swan Valley credit union [ 2 ] Manitoba’s Credit Unions District 1 District 7 Steinbach credit union [ 2 branches ] Amaranth credit union [ ] Austin credit union [ 4 ] District 2 Beautiful Plains credit union [ 2 ] Assiniboine credit union [ 0 ] Crocus credit union [ 2 ] Cypress River credit union [ 2 ] District 3 Erickson credit union [ ] Cambrian credit union [ ] Hartney credit union [ ] Minnedosa credit union [ ] District 4 Portage credit union [ 3 ] Alliance credit union [ 3 ] Sandy Lake credit union [ ] Belgian credit union [ ] Strathclair credit union [ 4 ] 2004 Annual Report Buff alo credit union [ 2 ] Tiger Hills credit union [ 2 ] Civic credit union [ 3 ] Turtle Mountain credit union [ 3 ] Entegra credit union [ 2 ] Virden credit union [ 4 ] Me-Dian credit union [ ] North Winnipeg credit union [ ] District 8 Credit Union Central of Manitoba Limited Transcona credit union [ 2 ] Agassiz credit union [ 5 ] Incorporated in 950 by Statute of Winnipeg Police credit union [ ] Altona credit union [ 2 ] the Province of Manitoba, Canada. Community credit union [ 3 ] District 5 Duff erin credit union [ ] credit society / agent bank Astra credit union [ 6 ] La Salle credit union [ ] Credit Union Central of Canada Carpathia credit union [ 3 ] Lowe Farm credit union [ ] Bank of Nova Scotia Crosstown credit union [ 3 ] Niverville credit union [ 2 ] Vantis credit union [ 9 ] Oak Bank credit union [ 2 ] external auditors Rosenort credit union [ ] PricewaterhouseCoopers llp District 6 Sanford credit union [ 2 ] Arborg credit union [ 2 ] Starbuck credit union [ 2 ] solicitors Dauphin Plains credit union [ 3 ] PITBLADO llp Eriksdale credit union [ 3 ] District 9 Ethelbert credit union [ 2 ] Heartland credit union [ 3 ] consulting economists Flin Flon credit union [ ] South Interlake credit union [ 9 ] Dr. Norm Cameron Gimli credit union [ 2 ] Vanguard credit union [ 3 ] Dr. John Loxley Grandview credit union [ ] Westoba credit union [ 8 ] Dr. Brian Oleson Riverton credit union [ ] Roblin credit union [ 2 ] Rorketon & District credit union [ ] Ste. Rose credit union [ ] Box 9900 :: 25 Garry Street :: Winnipeg, Manitoba r3c 3e2 :: Tel 204.985.4700 Swan Valley credit union [ 2 ] Memberships (thousands) System Assets (billions of dollars) System Equity (as a percentage of assets) Number of Credit Unions & Locations Loans, Deposits, Assets (billions of dollars) Dedicated to serving Manitoba 9 1 9 2 1 8 8 0 2 2 2 0 0 0 2 5 8 3 6 0 6 2 0 0 0 5 0 2 5 2 0 8 5 5 5 5 5 3 1 8 1 2 5 7 4 6 6 8 9 9 2 5 7 9 0 6 9 2 4 7 1 9 6 4 2 1 3 5 9 2 5 7 6 6 6 7 8 6 6 6 6 6 6 6 7 7 7 7 . 349 361 369 382 391 398 428 450 472 492 502 165 165 165 165 163 161 168 171 172 175 177 3 3 3 3 3 3 4 4 4 4 5 1 1 1 1 1 1 1 1 1 1 1 3.60 3.90 4.20 4.42 4.75 5.18 5.93 6.66 7.40 8.26 9.12 4.30 5.50 5.90 6.25 6.50 6.72 6.65 6.62 6.60 6.78 6.85 3 3 4 4 4 5 5 6 7 8 9 4 5 5 6 6 6 6 6 6 6 6 9.12 Th e strength of the Manitoba credit union system is people. Please join us in congratulating these individuals 8.47 8.26 who have worked and volunteered to make their credit unions and the system what they are today. Locations 7.44 7.68 6.71 FORTY YEARS TWENTY-FIVE YEARS President, Winnipeg Police Credit Union Branch Manager, Astra Credit Union 75 40Stan Scarr 25Tony Aiello 57 75 73 70 68 67 65 61 56 57 Irma Albright Asst Branch Mgr/Loan Offi cer III, Crosstown CU Doug Atkins Loans Manager, Crocus Credit Union Credit Unions THIRTY-FIVE YEARS 2003 2004 2003 2004 2003 2004 Member Service Rep, Eriksdale Credit Union 4 5 6 7 8 9 0 1 2 3 4 4 5 6 7 8 9 0 1 2 3 4 4 5 6 7 8 9 0 1 2 3 4 4 5 6 7 8 9 0 1 2 3 4 Shirley Bauch 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 Assistant General Manager, Virden Credit Union 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 Loans Deposits Assets Don Angus 1994 1994 1 1995 1 1996 1 1997 1 1998 1 1999 1 2000 2 2001 2 2002 2 2003 2 2004 2 1994 1 1995 1 1996 1 1997 1 1998 1 1999 1 2000 2 2001 2 2002 2 2003 2 2004 2 1994 1 1995 1 1996 1 1997 1 1998 1 1999 1 2000 2 2001 2 2002 2 2003 2 2004 2 1994 1 1995 1 1996 1 1997 1 1998 1 1999 1 2000 2 2001 2 2002 2 2003 2 2004 2 35 Neal Boyce Offi ce Manager, Crocus Credit Union Ernie Froese I / T Coordinator, Heartland Credit Union Coleen Bryson Loan Offi cer III, Westoba Credit Union In September 2004, the number of Total credit union assets stood at Consolidated system equity grew by Th e number of branches in the credit Growth in loans, deposits and assets Jacob Redekop President, Niverville Credit Union Rae Carlson Manager, Loans, Astra Credit Union memberships in Manitoba credit $9,9,846,429 on December 3, $64.2 million over the course of 2004, union system grew by two in 2004. were all in double digits again in 2004. Tina Unger Custodian, Niverville Credit Union unions reached half a million. At representing year-over-year growth of ending the year at $624.3 million. Th is Strathclair Credit Union opened a Lending activity for the year showed a Randy Cullen Asst VP / Branch Manager, Astra Credit Union year-end the fi gure was 502,84 — an 0.4%. Financially, the credit union fi gure includes $543.2 million in credit branch in Newdale, a town that had 0.8% increase over 2003, due mainly Susan Davy Assiniboine Financial Group, Assiniboine Credit Union increase of 9,553 over 2003. Member- system has doubled in size in the union equity, $76.5 million held by been left without local full-service to increased commercial and consumer THIRTY YEARS Doris Dyck Deposits Administrator, Civic Credit Union ship in Winnipeg-based credit unions 6½ years since Q2 998. Among the the Credit Union Deposit Guarantee fi nancial services in the early 990s. activity, with the agricultural sector comprises 44% of the system (220,405), many factors that account for this Corporation (CUDGC) and $4.6 With the move of Th e Second Battal- refl ecting only limited growth due to 30Angila Buchanan Finance Manager, Austin Credit Union Brenda Ellis-Anderson Branch Manager, Virden Credit Union while 56% of memberships (28,779) strong, steady growth is the fact that million held by CUCM (whose policy ion, Princess Patricia Canadian Light ongoing cattle (BSE) and hog issues in Louise Chetyrbok Branch Manager, Eriksdale Credit Union Patricia Furgala Loan & Investment Clerk, Riverton Credit Union belong to Manitobans living outside credit unions off er solid products and is to return most earnings to its Infantry from Kapyong Barracks in this sector. With an average lent-out Ella Green Recording Secretary, Tiger Hills Credit Union Elaine Gibbins Clearing Clerk, Virden Credit Union the provincial capital.