Building a New Caisse

Annual Report October 1, 2010 – September 30, 2011 Board of Directors Senior Management

Normand Collet, Réal Déquier, Joël Rondeau, CA President Vice-President Chief Executive Officer

Sophie Ethier Marielle Decelles-Brentnall Stéfan Delaquis Vice-President, Corporate Services

Marcel Gauvin Ulysse Desrochers Gilles Fouasse Vice-President, Credit

Bernard Marcoux Pierre Gagné Carole Hébert Vice-President, Information Technology

Michel Tessier, CA Jean de Rocquigny Ronald St.Hilaire Vice-President, Finance Caisse Group Financial

Martin Trudeau Raymond Sherwood Vice-President, Business Development & Sales

2 The Beginning of a New Caisse

On September 1st, 2010, the Caisses of Manitoba and the Fédération des caisses populaires du Manitoba merged to form the new Caisse Financial Group. Values

Following the merger, the Board Respect for Individuals of Directors, Senior Management Value our members, and employees immediately employees and partners and started building the new Caisse Mission foster an inclusive culture with one ultimate goal in mind: Integrity and Transparency to better serve the needs of our Caisse Financial Group is Be ethical, honest and fair at members and their communities. a financial co-operative all times which is open to all, offers At the onset, it was important personalized service in Innovation to establish the Mission, Vision French and English, supports Continually improve our and Values that would guide the the financial health of its products and services in actions and decisions of the new members and develops order to exceed our members’ Caisse. enduring relationships with expectations its members, employees and their communities. Community Involvement Actively participate in the sustainable development of the community, which was an Vision integral part of the foundation In the markets that it serves, of our organization and Caisse Financial Group is continues to be the basis of recognized as being dynamic our success and growing, an employer of Proud of our Heritage choice and a preferred partner Celebrate our origins and by its members and their preserve our culture communities. 2010–2011 Annual Report2010–2011

3 The First Year of Operations of Caisse Financial Group

The fiscal year 2010-2011 marks A Solid Foundation These financial results provide the first full year of operations of us with the capacity to offer Caisse Financial Group following With over $900 million in assets, competitive products, services the merger of September 1st, 2010. Caisse Financial Group is ranked and rates, such as our Best Rate The year was filled with important among the strongest financial Mortgage, to contribute generously projects and great results. co-operatives in the province. Our to hundreds of community projects, financial results for this fiscal year activities and events and to provide A Solid Framework have been equally strong despite a comfortable working environment interest rates remaining low. for our employees. The Board of Directors and Our financial strength is supported management team wanted to ensure The new Caisse ensures our by our capitalization rate and a solid framework for the new Caisse members’ financial health by our profitability. Our strong Financial Group. Fundamentally, the offering our members access capitalization rate of 7.09% as at co-operative principles remain the to 26 Caisse branch locations, September 30th, 2011, generously basis of our co-operative identity commercial and agricultural services exceeds the required minimum and management philosophy. and wealth management services of 5%. This level of capitalization Concurrently, the Mission, Vision (C Finance). As well, the Caisse ensures the security of our and Values established in April member card provides our members members’ deposits, the stability of 2011 ensure the alignment of our with access to over 1,780 ATMs our operations and our capacity to energies and resources towards a across Canada free of surcharge as absorb fluctuations in interest rates. common vision. well as direct payment nationally Our profitability ratio of 0.86% and internationally. Our Vision is one of a dynamic and of assets demonstrates prudent growing Caisse. This momentum management of our operational Members equally enjoy the will be fueled by an increased expenses while increasing our convenience of managing their commitment from our members to assets. Our ability to deepen our finances online with e-Caisse and build a strong and vibrant Caisse, relationships with our members is online loan applications.

Caisse Group Financial critical to our financial success; our together. This growth will benefit the Our combined staff of 240 loan growth of 6.3% and our deposit regions that we serve by ensuring employees, with its broad financial growth of 4.8% indicate a continued local access to financial services knowledge, is well equipped to desire on the part of our members in their communities as well as our provide quality service to our to contribute to their Caisse’s continued support of the projects members. Additionally, by working success. and activities that make these and living in the communities that communities strong and dynamic. we serve, our staff is intimately Our Values are centered on knowledgeable of our members’ our members, employees and needs. communities, which remain at the heart of all that we do. 4 Important Milestones In March 2011, we launched our Continuing to Build a Community Sponsorship Program Stronger Caisse Over the course of this year, our that will ensure our continued team worked diligently at merging commitment to the communities Our new Caisse Financial Group is in the operations of the four Caisses: that we serve. full bloom; our vision of growth will Elie, La Prairie, Pembina and St. be solidified by our strategic plan Boniface and the Fédération des In the fall of 2011, we completed that will be completed in the spring caisses populaires du Manitoba. the construction of the new of 2012. We will also be undertaking Their efforts resulted in a Caisse building at 205 Provencher several important projects over the standardized offering for all our Boulevard, which serves as a course of the next year such as the members across our 26 branches. standing testament to the success introduction of the new chip card We thank them for their hard work of Manitoba Caisses over the and the selection of a new banking and dedication. past 75 years and symbolizes the system. confidence and vision we have for Additionally, we would like to the new Caisse going forward. 2012 promises to be a year full highlight the following key events of activities and events as we that took place over the course of In October 2011, we were bestowed celebrate the 75th anniversary of this year. the ‘Outstanding Large Business the Caisse movement in Manitoba Award’ at the Business Awards Gala as well as the International Year of In February 2011, we celebrated the held by the Manitoba Chambers of Co-operatives as declared by the opening of the school-based Caisse Commerce. This award reflects the United Nations. Seine CSLR in the high school, successful 75 years of the Caisse Centre scolaire Léo-Rémillard, in movement in Manitoba and provides We wish to sincerely thank our St. Vital. Caisse Seine CSLR is the an ideal platform from which to members, employees and Board second Student Caisse in Manitoba. launch our vision of continued of Directors for joining together to The first, Caisse Riel, opened its growth in the years to come. build our new Caisse. We will surely doors in the high school, Collège Proud to have been recognized for all benefit! Louis-Riel, in September 2009. being successful in business while respecting our community and A Student Caisse is managed and co-operative values, this award is administered entirely by students, above all a testament to the staff and its services are aimed at the and Board’s commitment for which Normand Collet, student population of the school. we are very thankful. President Student Caisses represent the continuation of the vision of the founders of the Caisse movement in Manitoba who sought to offer

financial services, in a co-operative Joël Rondeau, Annual Report2010–2011 model, to the population in their Chief Executive Officer region. 5 A New Face for a New Caisse

In September 2011, Caisse Financial This beautiful 33,000 sq ft 4-storey The new Caisse building is practical Group opened the doors to the new building is the symbol of the new for our members, efficient for our Caisse building at 205 Provencher Caisse, dynamic and growing. The operations and contributes to Boulevard in St. Boniface. location is ideal, on the highly the development of Provencher visible Provencher Boulevard, Boulevard and the St. Boniface Caisse Group Financial An initiative started in March 2008 offering a splendid view of city- region. by the former Caisse Saint-Boniface, center and the Provencher Bridge the construction project had to be Photos (top to bottom): VIPs and through its many windows. The modified considerably as a result members of the Construction exterior, respectful of the charm of the merger of the four Caisses Committee break ground (left and historic character of the area, in September 2010. Despite these to right): Art Martin (Stantec), marries well with the other buildings changes, the project was completed Julie Turenne-Maynard, Premier on the boulevard. on time and on budget. Greg Selinger, Normand Collet, Joël Rondeau, John Bockstael (Bockstael Construction); The new Caisse Building at 205 Provencher. 6 The interior of the building is On the main level, you will find the We also welcome Francofonds, Construction Committee: spacious, inviting and full of natural Provencher Branch with the walk-up the foundation of the francophone Julie Turenne-Maynard light, with modern decor and an ATM in the front and the drive-thru community in Manitoba, which Pierre Gagné atrium in the main entrance. The ATM in the rear, the only available occupies its new offices on our Ronald St.Hilaire glass elevator, with its magnificent in the surrounding area. C Finance, main level. Michel Simard view of historic St. Boniface, offers a Wealth Management Services, is Marcel Gauvin Photos (clockwise from center): special touch. located on the 2nd level as well as Joël Rondeau Branch interior on opening day the department of Branch & Credit September 12, 2011; meeting Construction Partners: Administration. On the 3rd level, room, atrium, main reception. Bockstael Construction you will find Commercial Services Stantec and Télé-Pop, our Information Technology department. Caisse Photos: Financial Group’s Corporate Office danharper.com occupies the entire 4th floor. Joel Ross Photography 2010–2011 Annual Report2010–2011

7 Our Community Involvement

Caisse Financial Group is proud COMITÉ DE PARENTS ÉCOLE RÉGIONALE Through our sponsorship to have sponsored over 100 ST-JEAN-BAPTISTE COMITÉ DES PARTENAIRES ST-JOACHIM INC. of community activities projects and activities across all our COMITÉ SCOLAIRE DE L’ÉCOLE ÉLÉMENTAIRE and projects, Caisse communities over the course NOTRE-DAME Financial Group supports of the year. COMITÉ TOURISME ST-CLAUDE COMPLEXE COMMUNAUTAIRE LORETTE the development of its ALLIANCE CHORALE MANITOBA COMMUNITY COMPLEX communities. In fact, ASSOCIATION DES MUNICIPALITÉS BILINGUES COMPLEXE SCOLAIRE ST-CLAUDE SCHOOL sustainable development of DU MANITOBA COMPLEX CONSEIL DE DÉVELOPPEMENT ÉCONOMIQUE community is one of our five ASSOCIATION UMUCYO BLUE WATER CHAMBER OF COMMERCE DU MANITOBA values and is the basis of our BOYS & GIRLS CLUB OF WINNIPEG CROIX ROUGE foundation and our continued CANADIAN MENTAL HEALTH ASSOCIATION CWG TEAM MANITOBA DAIRY FARMERS OF MANITOBA success. CARNAVAL STE-ANNE CDC ST-CLAUDE DÉVELOPPEMENT ET PAIX DIRECTORAT DE L’ACTIVITÉ SPORTIVE In March 2011, Caisse CDC STE-AGATHE CDC STE-ANNE DIVISION SCOLAIRE FRANCO-MANITOBAINE Financial Group introduced its CENTRE CULTUREL FRANCO-MANITOBAIN DUFROST CURLING CLUB new Community Sponsorship CENTRE FLAVIE-LAURENT DYNAMITE CUP TOURNAMENT EAST BORDERLAND COMMUNITY HOUSING Program which contributes up CENTRE LUMIÈRE DES PRAIRIES CENTRE RÉCRÉATIF NOTRE-DAME EASTMAN SELECTS CITY MIDGET to 5% of profits to community CENTRE RÉCRÉATIF ST-PIERRE EASTMAN SELECTS AAA MIDGET projects and activities on an CENTRE SCOLAIRE LÉO-RÉMILLARD EBCH INC. SOUTH JUNCTION/SPRAGUE ÉCOLE CHRISTINE-L’ESPÉRANCE annual basis. CERCLE MOLIÈRE CHAMBRE DE COMMERCE FRANCOPHONE DE ÉCOLE POINTE-DES-CHÊNES Photos this page (top to SAINT-BONIFACE ÉCOLE ST-JOACHIM Three criteria guide the ELIE COMMUNITY CLUB bottom): Community BBQ CHAMBRE DE/OF COMMERCE ST-PIERRE- selection of these projects and JOLYS ENSEMBLE CHEZ-SOI FÉDÉRATION DES AÎNÉS FRANCO- on opening day at 205 activities: CHEVALIERS DE COLOMB – CONSEIL D’ÉTAT Provencher; Waterpark opens DU MANITOBA MANITOBAINS FESTIVAL CHÂTEAUGUAY in Lorette, August 2011. 1) Building strong and vital CHEVALIERS DE COLOMB – CONSEIL ELZÉAR- GOULET FESTIVAL DU PATRIMOINE MONTCALM communities CHEVALIERS DE COLOMB – CONSEIL HERITAGE FESTIVAL Photo opposite page: ST-BONIFACE FESTIVAL DU VOYAGEUR 2) Sustainable development of CHEVALIERS DE COLOMB – CONSEIL FESTIVAL THÉÂTRE JEUNESSE Caisse Group Financial Groundbreaking for the FONDATION DE RECHERCHE HÔPITAL SAINT- Centre Caisse Centre, a future the local economy ST-MARTYRS CINÉMENTAL BONIFACE sportsplex in La Broquerie FONDATION HÔPITAL SAINTE-ANNE 3) Celebrating community CLUB JOLYS INC. CLUB SPORTIF DE LA BROQUERIE INC. FRANCOFONDS INC. pride and culture COLLÈGE RÉGIONAL GABRIELLE-ROY FRANCOFUNNY – SFM COLLÈGE RÉGIONAL NOTRE-DAME FREEZE FRAME COMITÉ AMIS DE LA PRIÈRE GRANDE POINTE HOMEOWNERS ASSOCIATION COMITÉ CULTUREL CHEMACHE GREEN PRAIRIE LODGE COMITÉ CULTUREL DE LORETTE HAYWOOD FOWL SUPPER COMITÉ CULTUREL DE NOTRE-DAME-DE- HOCKEY MINEUR NOTRE-DAME LOURDES HOSPITAL ACTIVITY BOOK COMITÉ CULTUREL DE ST-CLAUDE/HAYWOOD INSTITUT COLLÉGIAL ST-PIERRE COMITÉ CULTUREL DE ST-PIERRE-JOLYS LA BROQUERIE HABS COMITÉ CULTUREL DE STE-ANNE INC. COMITÉ D’ACCEUIL STE-AGATHE 8 LA CORPORATION DU SITE HISTORIQUE SOMERSET CURLING CLUB ENFANT-JÉSUS SOMERSET LIONS LA FOSSE AUX LIONS SOMERSET MINOR HOCKEY LAKE FRANCIS COMMUNITY CENTRE INC. SOUTH JUNCTION COMMUNITY CLUB LE 100 NONS SPRAGUE FEST LE CERCLE MOLIÈRE ST-ADOLPHE COMMUNITY DEVELOPMENT LE CLUB SPORTIF DE LA BROQUERIE GROUP LE PAPIER DE CHEZ NOUS ST-ADOLPHE MINOR HOCKEY L’ENTRETEMPS DES FRANCO-MANITOBAINES ST-AMANT FOUNDATION LES AMIS DU PARC PROVINCIAL SAINT-MALO ST-CLAUDE & HAYWOOD ARENA LES BLÉS AU VENT ST-CLAUDE BROOMBALL LIGUE D’IMPROVISATION DU MANITOBA ST-CLAUDE FOWL SUPPER LORETTE RINGETTE ST-CLAUDE RODEO COMMITTEE LORNE COMMUNITY SUPPORT SERVICES ST-EUSTACHE MINOR HOCKEY LUMIÈRE DES PRAIRIES – LIGHT OF THE ST-JEAN ATV DERBY – GOT ICE PRAIRIES ST-JEAN FARM DAYS MANITOBA CHILDREN’S MUSEUM ST-LABRE 200 MANITOBA FARMERS WITH DISABILITY ST-LAURENT SPORTS COMMITTEE MARQUETTE CURLING CLUB ST-MALO CHAMBRE DE COMMERCE MEADOW LEA HALL ST-MALO CLUB SPORTIF MINI-FRANCO FUN DE ST-BONIFACE ST-MALO JUNIOR WARRIOR Bursary Program MINI-FRANCO FUN DE LORETTE ST-MALO MUSTANG COMMITTEE MONTCALM FESTIVAL DU PATRIMOINE ST-MALO SENIOR WARRIORS Education being a universal principle of co-operatives and an MOUNTAIN MUSIC FESTIVAL ST-MALO SUMMER FESTIVAL integral part of the history of the caisses, Caisse Financial Group, in MUSTANG HOCKEY SOMERSET ST-PIERRE EN BOOM – CDC collaboration with its partnering schools, awarded 19 bursaries in June NAVY LEAGUE OF CANADA DAWSON BRANCH ST-PIERRE FROG FOLLIES AND AG FAIR NIAKWA COUNTRY CLUB ST-PIERRE YOUTH FOR CHRIST 2011 to students pursuing postsecondary studies. We wish them the NOTRE-DAME HAWKS ST-VITAL / ST-BONIFACE KIWANIS CLUB best of success with their studies. NOTRE-DAME LADIES HOCKEY STE-AGATHE CENTENNIAL ARENA NOTRE-DAME RECREATION CENTER STE-AGATHE SKATING CLUB Caitlin Allard École Aurèle Lemoine NOTRE-DAME SKATING CLUB STE-ANNE ACES Taylor Audet École communautaire Réal-Bérard OMNIUM DE GOLF STE-ANNE CURLING CLUB Chanelle Bosc Collège Gabrielle-Roy OTTERBURNE CURLING CLUB TACHE XMAS HAMPER Jennifer Bouchard St. Paul’s Collegiate PAROISSE DE LA CATHÉDRALE TEC CREATIONS Breanna Carels Westmount School Complex PAROISSE NOTRE-DAME DE LORETTE TIGER HILLS ARTS ASSOCIATION Clara Catellier Institut collégial Saint-Pierre-Jolys PAROISSE SAINTS-MARTYRS-CANADIENS TSUNAMI RELIEF FUND JAPON Larissa Chartrand St. Laurent High School PAROISSE ST-ADOLPHE UNIVERSITÉ DE SAINT-BONIFACE Karine Déquier École Pointes-des-Chênes PEMBINA VALLEY HAWKS VARIETY CHILDREN’S CHARITY OF MANITOBA Janique Fortier Collège régional de Notre-Dame PROVENCHER BIZ VASSAR PINE NEEDLES Chelsea Galbraith-Harp St. Claude School Complex RED RIVER MUDBUGS VILLA YOUVILLE INC. Gabrielle Grenier École Saint-Joachim RED RIVER WILD ATOMS VITA BEEF DAYS Khadidja Komah Collège Louis-Riel RED RIVER WILD SQUIRTS WINNIPEG INTERNATIONAL WRITERS FESTIVAL Julie Laufersweier Collège Lorette Collegiate RÉSEAU ACTION FEMMES WINNIPEG PHILHARMONIC CHOIR Courtney MacMillan Warren Collegiate Institute RICHER COMMUNITY CLUB INC. Gabrielle May Collège Jeanne-Sauvé RIVIÈRE SEINE POUR AÎNÉS Ashley Phommarath Ste. Anne Collegiate RM DE SALABERRY – FOND LAVAL CLOUTIER Jenna Sabourin École régionale Saint-Jean-Baptiste ROSS L GRAY SCHOOL Natacha Syganiec École communautaire Gilbert-Rosset SALLE DE CENTENAIRE NOTRE-DAME Janel Zolinski École communautaire Saint-Georges

SALUT VOISIN-HOWDY NEIGHBOUR Annual Report2010–2011 SOCIÉTÉ DE LA ST-JEAN-BAPTISTE INC. SOIRÉE FRANCOFUN GOLDEYES – SFM 9 Our Team as of September 30, 2011 Caisse Group Financial Caisse Financial Bernardin, Lorraine Brais, Jocelyne M. Chappellaz, Nathalie d’Eschambault, Judith Bérubé, Christine Brémaud, Riley Chaput, Philippe Desmarais, Léo Group Bichon, Pascale Brisson, Yvonne Chaput, Rachel Dornez, Émilie Bilodeau, Diane Bruce, Marlene Collette, Diane Dubois, Nathalie Arbez, Nicole Bissonnette, Nicole Bruneau, Marc Combot, Shelley Dubois-Rogers, Michelle Atwell, Sylvie Boisvert-Arbez, Roseline Brunel, Yvette Comte, Nicole Dupuis, Stella Audette, Mona Bosc, Gisèle Brunette, Jeanne Connelly, Nadine Dupuis, Joanne Ayotte, Paulette Bosc, Richard Budd, Lynne Côté, Sylvie Durand, Corinne Bartel, Alix Bouchard, Annette Cantin, Yvonne Courcelles, Nicole Durand, Gilles Bazin, Rachelle Bouchard, Suzanne Catellier, Lynne Courchaine, Andrée Edbom, Jennifer Beaudet, Marcel Boulanger, Adam Catellier, Claudelle Curé, Ginette Ethier, Sophie Bédard, Raymond Boulet, Rosanne Catellier, Léa De Moissac, Nathalie Fitzgerald, Marie-Anne Bérard, Lucille Bourdeaud’hui, Claire Chabot, Bonnie Dedieu, Danielle Foidart, Danica Bérard, Luc Bradet, Guy Chanel, Patrick Delaquis, Kayla Foidart, Gisèle Bérard, Karine Bradet, Joël Chappellaz, Dawn Delorme, Dianne Fontaine, Brigitte 10 Forest, Joanne Lavallée, Ivan Poirier, Christina Vandale, Nicole Fournier, Pierre Lazarenko, Micheline Poiron, Roland Vandall, Michel Fréchette, Ginette Leclair, Nicole Popiel, Monique Vermette, Fernand Years of Service Fredette, Rachelle Leclair, Michaël Potvin, Annick Vermette, Claudette Recognition Gagnon, Robert Leclerc, Paulette Potvin, Annette Viallet, Norman Gaultier, Donald Legal, Christine Préjet, Martin Viallet, Lorraine Caisse Financial Group Gauthier, Gisèle LeGal, Collette Preteau, Judith Wiens, Roxanne would like to congratulate Gauthier, Marcel Legault, Bernadette Proulx, Marc our employees who have Gauvin, Marcel Lemoing, David Quennelle, Janice C Finance Gérardy, Pierre Lesage, Jacqueline Rey, Suzanne received the following Gérardy, René Lesage, Laurette Rheault, David Brétécher, Jöel Years of Service Recognition Girardin, Carmen Lesage, Nadine Rioux, Marc Lagassé, Diane throughout this year: Gobeil, Anita Lusignan, Paulette Rivard, Brigitte Marcon, Denis Gosselin, Dominique Lussier, Lisette Robert, Daniel G. Perreault, Guil Caisse Financial Group Gosselin, Raymonde Maccès-Nimi, Murielle Robidoux, René Roeland, Linda Gosselin, Rachelle Macneil, Carmelle Robidoux, Rose-Marie Sawchuk, Paul Hébert, René 35 years Gosselin, Florence Manaigre, Claudette Robidoux, Staycie Robidoux, Rose-Marie 35 years Gosselin, Marc Manness, Liane Robitaille, Jacqueline Lesage, Jacqueline 30 years Gosselin, Lorraine Marcotte, Shirley Roch, Gisèle H. T. McRae, Edna 30 years Graff, Marie Marcoux, Bernard Rondeau, Joël Normandeau, Jeanine 30 years Gretchen, Pascale Martel, Mélanie Rosset, Lilliane Bernardin, Lorraine 25 years Hébert, Claire Maynard, Denise Roy, Lise Mireault-Didcote, Lise 25 years Hébert, René McRae, Edna Roy, Giselle Tessier, Michel 25 years Hébert, Nicole Mcquaid, Sarah Ruest, France Tétrault, Angèle 25 years Henry, Kristen Meilleur, Angèle Sabourin, Robert Bouchard, Annette 20 years Hince, Simone Mireault, Jacinthe Saive, Martin Laurendeau-Ross, Lynne 20 years Houle, Diane Mireault-Didcote, Lise Sarrasin, Paulette Lesage, Laurette 20 years Hrynchuk, Lynne Muller, Iwona Saurette, Jean-Paul Manaigre, Claudette 15 years Hutlet, Antoine Nadeau, Suzanne Sibilleau, Christine Muller, Iwona 15 years Jamault, Michelle Nadeau, Sophie Simard, Stéphane Normandeau, Ivan 15 years Jamault-Dion, Nicole Nakata, Joël Smith, Mirielle Bruneau, Marc 10 years Jeanson, Natalie Nault, Suzanne Sorin, Lilliane Budd, Lynne 10 years Jeanson, Gabrielle Nault-Martens, Colette St. Godard, Loretta Côté, Sylvie 10 years Johnson, Linda Ndeba, Claude-Marcel Stahn, Chantale Dubois, Nathalie 10 years Johnson, Karen Normandeau, Francis St-Laurent, Pauline Gretchen, Pascale 10 years Johnson, Bernice Normandeau, Jeanine Tarko, Lorraine Lachance, Caroline 10 years Jolicoeur, Rémi Normandeau, Ivan Tessier, Juliette Rey, Suzanne 10 years Joyal, Mariette T. Normandeau, Yvette Tessier, Michel Roy, Lise 10 years Kauppila, Lara Pappel, Paulette Tétrault, Angèle Tarko, Lorraine 10 years Kennedy, Simone Parker, Léhanne Tétrault, Sylvie Trudeau, Martin 10 years Khalboubi, Abdelgheni Perreault, Christeen Thackeray, Angeline Dornez, Émilie 5 years Klaassen, Joanne Philippot, Amanda Tkachyk, Pamela Forest, Joanne 5 years Koma, Aboubacar Piché, Ginette Touchette, Sophie Gérardy, Pierre 5 years Labossière, Laurette B. Piché, Sylvie Tougas, Lynne Hrynchuk, Lynne 5 years Lacasse, Hélène Pilon, Yvette Tougas-Fiola, Michelle Jamault-Dion, Nicole 5 years Lachance, Caroline Pilon, Rachel Toupin, Diane Jolicoeur, Rémi 5 years Lafrenière, Eric Pilon, Martin Trémorin, Doris Perreault, Christeen 5 years Lafrenière, Lianne Pineau, Pat Trudeau, Martin Poiron, Roland 5 years

Lambert, Gina Pinette, Camille Trudeau, Paul Annual Report2010–2011 Larivière, Céline Piper, Michèle Trudeau, Rachelle C Finance Laroche, Maxine Pohl, Diana Trudel, Natalie Laurendeau-Ross, Lynne Poirier, Benoît Turenne, Rachelle Roeland, Linda 5 years 11 Our Year in Pictures Caisse Group Financial

Left column (top to bottom): Staff prepare to leave 185 Provencher Branch; Staff prepare to leave 605 Des Meurons; Official Opening of Caisse Seine CSLR; Official Opening of Caisse Building at 205 Provencher; First member to visit the new Provencher Branch

Right column (top to bottom): Manitoba Business Awards Gala; First Caisse Financial Group All-Staff Meeting; Volunteering at Folklorama – French Canadian Pavillion

12 Financial Results

Assets Loans Deposits Equity (in millions) (in millions) (in millions) (in millions) 1,000 1,000 1,000 70

900 900 900 60 800 800 800

700 700 700 50

600 600 600 40 500 500 500 30 400 400 400

300 300 300 20 200 200 200 10 100 100 100

0 0 0 0 2011 2011 2011 2011 2010 2010 2010 2010 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009

As at September 30th

(in thousands) 2011 2010 2009* 2008* 2007* Assets 912,275 866,348 820,204 762,326 698,159 Loans 735,325 691,549 664,022 592,299 539,114 Deposits 840,148 801,759 756,331 703,187 634,663 Equity** 64,679 59,424 56,881 54,340 51,175

* For comparative purposes only, consolidated and unaudited figures as of September 30th, including the Fédération des caisses populaires du Manitoba and its affiliated caisses, hereafter Caisse Financial Group as of September 1st, 2010.

** Equity includes Net Income, Retained Earnings and Share Capital Annual Report2010–2011

13 Independant Auditor’s Report on Summary Consolidated Financial Statements

To the members of Caisse Populaire Groupe Financier Ltée

The accompanying summary consolidated financial statements, which comprise the summary consolidated balance sheet as at September 30, 2011 and the summary consolidated statement of income and retained surplus, summary consolidated statement of comprehensive income, and summary consolidated statement of accumulated other comprehensive income for the year then ended are derived from the audited consolidated financial statements of Caisse Populaire Groupe Financier Ltée for the year ended September 30, 2011. We expressed an unmodified audit opinion on those consolidated financial statements in our report dated December 15, 2011.

The summary consolidated financial statements do not contain all the disclosures required by Canadian generally accepted accounting principles. Reading the summary consolidated financial statements, therefore, is not a substitute for reading the audited consolidated financial statements of Caisse Populaire Groupe Financier Ltée.

Management’s Responsibility for the Summary Consolidated Financial Statements

Management is responsible for the preparation of a summary of the audited consolidated financial statements on the basis described in Note 1.

Auditor’s Responsibility

Our responsibility is to express an opinion on the summary consolidated financial statements based on our procedures, which were conducted in accordance with Canadian Audit Standard (CAS) 810, “Engagements to Report on Summary Financial Statements”.

Opinion

In our opinion, the summary consolidated financial statements derived from the audited consolidated financial statements of Caisse Populaire Groupe Financier Ltée for the year ended September 30, 2011 are a fair summary

Caisse Group Financial of those consolidated financial statements, on the basis described in Note 1.

Chartered Accountants

Winnipeg, Manitoba December 15, 2011

14 CAISSE POPULAIRE GROUPE FINANCIER LTÉE Summary Consolidated Balance Sheet

As at September 30 2011 2010

$ $

Assets Funds on hand and on deposit 38,073,206 41,310,760

Investments 115,799,974 119,037,137

Loans to members 735,325,106 691,548,662

Other assets 2,603,507 2,160,615

Property and equipment 20,473,579 12,290,980

912,275,372 866,348,154

Liabilities and Members’ Capital Members’ deposits 840,147,502 801,758,751

Other liabilities 7,448,556 5,165,101

847,596,058 806,923,852

Commitments

Members’ Capital Shares 13,175,408 13,719,140 Retained surplus 51,319,344 45,041,270 Accumulated other comprehensive income 184,562 663,892

64,679,314 59,424,302

912,275,372 866,348,154

Approved on behalf of the Board of Directors:

Director

Director 2010–2011 Annual Report2010–2011

15 CAISSE POPULAIRE GROUPE FINANCIER LTÉE Summary Consolidated Statement of Income and Retained Surplus

For the year ended September 30 2011 2010

(with comparative amounts for the one month period ended September 30, 2010) $ $

Revenue Interest from loans to members 33,356,173 2,693,722 Investments 6,498,685 395,703

39,854,858 3,089,425

Cost of Funds Interest paid to members 19,485,292 1,595,452

Financial margin 20,369,566 1,493,973

Operating Expenses Personnel 12,101,294 1,023,853 Administrative 3,852,117 290,847 Organizational 569,985 7,658 Premises, furniture and equipment 2,801,662 212,876 Assessment and bonding insurance 603,608 84,109

Gross operating expenses 19,928,666 1,619,343

Less other income (7,230,169) (410,066)

Net operating expenses 12,698,497 1,209,277

Net income before allowance for doubtful loans 7,671,069 284,696

Allowance for doubtful loans – –

Net income before income taxes 7,671,069 284,696

Provision for income taxes 1,392,995 42,875

Net income for the year 6,278,074 241,821 Caisse Group Financial Retained surplus, beginning of the year 45,041,270 44,799,449

Retained surplus, end of the year 51,319,344 45,041,270

16 CAISSE POPULAIRE GROUPE FINANCIER LTÉE Summary Consolidated Statement of Comprehensive Income

For the year ended September 30 2011 2010

(with comparative amounts for the one month period ended September 30, 2010) $ $

Net income for the year (see Summary Consolidated Statement of Income and Retained Surplus) 6,278,074 241,821

Other comprehensive income (net of tax recovery) Loss on derivative financial instruments designated as cash flow hedges (479,330) (146,372)

Comprehensive income 5,798,744 95,449

CAISSE POPULAIRE GROUPE FINANCIER LTÉE Summary Consolidated Statement of Accumulated Other Comprehensive Income

For the year ended September 30 2011 2010

(with comparative amounts for the one month period ended September 30, 2010) $ $

Balance, beginning of the year 663,892 810,264

Other comprehensive income for the year (479,330) (146,372)

Balance, end of the year 184,562 663,892

CAISSE POPULAIRE GROUPE FINANCIER LTÉE Notes to Summary Consolidated Financial Statements

For the year ended September 30, 2011

1. Notes to summary consolidated financial statements

The summary presented includes only the summary consolidated balance sheet, summary consolidated statement of income and retained surplus, summary consolidated statement of comprehensive income and summary consolidated statement of accumulated other comprehensive income, and does not include the notes to the summary consolidated financial statements. The summary consolidated financial statements do not present the references to the notes to the consolidated financial statements. The summary consolidated balance sheet, summary consolidated statement of income and retained surplus, summary consolidated statement of

comprehensive income and summary consolidated statement of accumulated other comprehensive income are Annual Report2010–2011 presented in the same detail as the audited consolidated financial statements.

Copies of the audited consolidated financial statements are available at www.caisse.biz or at your local branch. 17 Our Branches

Elie, Haywood, Ile-des-Chenes, La Broquerie

Letellier, Lorette, Marquette, Notre-Dame-de-Lourdes, Rathwell

Richer, St. Adolphe, St. Claude, St. François Xavier, St. Georges

St. Jean Baptiste, St. Joseph, St. Laurent, St. Léon, St. Malo

St. Pierre Jolys, Ste. Agathe, Ste. Anne, South Junction Caisse Group Financial

Winnipeg: 875 Dakota Street, 36 Lakewood Boulevard, 100-205 Provencher Boulevard

18 [email protected] | www.caisse.biz

Corporate Office Branches Notre-Dame-de-Lourdes St. Léon René Hébert, Manager René Hébert, Manager Joël Rondeau, Eastern Region 204.248.2332 204.744.2067 Chief Executive Officer Marc Rioux, Director 204.433.7601 Rathwell St. Malo 400 – 205 Provencher Boulevard Pat Pineau, Manager Raymonde Gosselin, Manager Winnipeg MB R2H 0G4 Western Region 204.749.2101 204.347.5533 204.237.8988 Marcel Gauthier, Director 204.353.2283 Richer St. Pierre Jolys C Finance, Jacinthe Mireault, Manager Claudelle Catellier, Manager Wealth Management Rural 204.422.8227 204.433.7601 St. Adolphe Ste. Agathe Services Elie Pascale Bichon, Manager France Ruest, Manager Brigitte Rivard, Manager Paul Sawchuk, Director 204.883.2258 204.882.2345 204.353.2283 200 – 205 Provencher Boulevard St. Claude Ste. Anne Haywood Winnipeg MB R2H 0G4 Pat Pineau, Manager Jacinthe Mireault, Manager Pat Pineau, Manager 204.231.1170 or 1.866.741.6797 204.379.2332 204.422.8896 www.cfinance.biz 204.379.2368 St. François-Xavier South Junction Ile-des-Chenes Brigitte Rivard, Manager Jacinthe Mireault, Manager Commercial & Paulette Sarrasin, Manager 204.864.2676 204.437.2345 Agricultural Services 204.878.3765 St. Georges Urban Region La Broquerie Florence Gosselin, Manager Winnipeg Richard Bosc, Director Jeanine Normandeau, Manager 204.367.8268 204.237.8874 204.425.5238 875 Dakota Street St. Jean Baptiste Rachel Pilon, Manager Eastern Region Letellier Jocelyne Brais, Manager 204.257.2400 Paulette Pappel, Director Jocelyne Brais, Manager 204.758.3372 204.433.7601 204.737.2350 36 Lakewood Boulevard St. Joseph Lynne Laurendeau-Ross, Manager Western Region Lorette Jocelyne Brais, Manager 204.257.3360 Adam Boulanger, Director Florence Gosselin, Manager 204.737.2695 204.248.2332 204.878.2791 100-205 Provencher Boulevard St. Laurent Collette LeGal, Manager Marquette Brigitte Rivard, Manager 204.237.8874 Brigitte Rivard, Manager 204.646.2382 204.375.6646 2010–011 Annual Report

19 MF21643-0112