National Sector Results The Largest 100 Credit Unions

Fourth Quarter 2020 March, 2021

Largest 100 Credit Unions (outside of Quebec) Fourth Quarter 2020

As of fourth quarter 2020, the 231 credit unions outside of Quebec1 reported combined consolidated assets2 of $277.4 billion, a six-month increase of 2.7 per cent over second quarter 2020.

The largest 100 credit unions and caisses populaires reported comparable asset growth rate to the entire sector. At fourth quarter 2020, the largest 100 credit unions recorded a six-month gain of 2.8 per cent. Consolidated assets reached $262 billion. The top 100 credit unions account for 94.5 per cent of the sector’s consolidated assets in the country (excluding Quebec).

The top ten credit unions experienced six-month RANKING RANKING TOP 10 growth of 1.6 per cent 4Q20 2Q20 CREDIT UNIONS since mid-2020. The 1 1 Vancity largest ten credit unions’ 2 2 Meridian Credit Union combined assets were 3 3 Coast Capital Savings Federal Credit Union $134.9 billion at year-end 2020 – an increase of 4 4 Servus Credit Union $2.1 billion from the 5 5 First West Credit $132.8 billion recorded at 6 6 Desjardins Ontario Credit Union second quarter 2020. 7 8 Steinbach Credit Union This group represents 8 7 Prospera Credit Union 48.6 per cent of the credit 9 10 Alterna Savings & Credit Union union sector’s 10 9 Conexus Credit Union consolidated assets.

A further breakdown shows the five largest credit unions with gains in consolidated assets of 1.1 per cent for the six-month period. This small group of credit unions account for 35.4 per cent of all sector assets in the country (excluding Quebec), with combined consolidated assets of $98.2 billion.

Credit unions ranked in the 11 to 100 group recorded the strongest gains in consolidated assets with a six-month growth rate of 4.2 per cent. Growth of credit unions outside of the top 100 credit unions remained virtually unchanged, with consolidated assets increasing by 0.3 per cent.

Regional representation on the list is as follows: B.C., 25; Alberta, 8; Saskatchewan, 12; Manitoba, 18; Ontario, 30; New Brunswick, 3; Nova Scotia, 2; P.E.I, 1 and Newfoundland, 1.

1 The 231 credit unions represent all credit unions and caisses populaires outside of Quebec. 2 As explained in Appendix A, CCUA the largest 100 credit unions is based on consolidated assets. Prior to Fourth Quarter 2016, the top 100 credit union report provided consolidated data for Atlantic Canada, Manitoba, Saskatchewan, and Alberta. Comparable data were not available from B.C. and Ontario credit unions.

CCUA publishes Sector Results-The Largest 100 Credit Unions semi-annually. For editorial or general inquiries, please contact: 1 Sandra Brizland | [email protected]

Largest Credit Unions' Assets (excluding Quebec) As a % of Total Sector Assets 100%

90% Largest 100 80%

70%

60% Largest 10 50%

40% Largest 11 - 100 Largest 5 30%

20%

10% Rest of System

0% 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20

CCUA publishes Sector Results-The Largest 100 Credit Unions semi-annually. For editorial or general inquiries, please contact: 2 Sandra Brizland | [email protected]

LARGEST 100 CREDIT UNIONS By Asset Size (Excluding Quebec)

Current Previous Rank Credit Union Province 4Q 2020 (1) Members Locations Rank 1 Vancouver City Savings Credit Union BC $24,917,886,729 520,448 54 1 2 Meridian Credit Union Limited ON 23,052,787,444 387,815 92 2 3 Coast Capital Savings Federal Credit Union BC 20,872,884,000 594,483 51 3 4 Servus Credit Union AB 17,168,294,000 380,500 101 4 5 First West Credit Union BC 12,188,889,000 245,402 48 5 6 Desjardins Ontario Credit Union ON 8,466,465,362 129,508 57 6 7 Steinbach Credit Union Limited MB 7,449,842,318 98,265 3 8 8 Prospera Credit Union BC 7,355,572,000 120,058 28 7 9 Alterna Savings and Credit Union Limited (2) ON 6,702,891,000 159,485 38 10 10 Conexus Credit Union SK 6,694,985,350 131,400 30 9 11 Affinity Credit Union SK 6,505,594,479 123,724 56 11 12 Connect First Credit Union Ltd. AB 5,954,170,000 126,226 41 12 13 Assiniboine Credit Union Limited MB 5,448,866,595 124,619 16 13 14 DUCA Financial Services Credit Union Limited ON 5,112,400,162 76,803 16 17 15 Libro Credit Union ON 4,955,514,483 108,361 34 18 16 FirstOntario Credit Union Limited (3) ON 4,922,361,000 124,276 33 15 17 BlueShore Financial Credit Union BC 4,841,083,811 34,537 13 14 18 UNI Financial Cooperation NB 4,796,000,498 146,911 43 16 19 Cambrian Credit Union MB 4,375,106,240 65,773 11 19 20 Windsor Family Credit Union (4) ON 3,403,494,192 58,090 12 21 21 Access Credit Union Limited MB 3,194,908,132 53,139 17 20 22 Coastal Community Credit Union BC 3,113,282,353 85,746 24 23 23 Innovation Credit Union SK 3,014,478,458 57,794 25 22 24 Interior Savings Credit Union BC 2,816,690,000 68,200 21 24 25 Crosstown Civic Credit Union Limited MB 2,684,190,874 37,513 9 25 26 G&F Financial Group BC 2,547,505,870 35,579 16 26 27 Sunova Credit Union Limited MB 2,336,813,774 48,941 14 27 28 Your Neighbourhood Credit Union ON 2,125,212,606 51,677 18 28 29 Caisse Populaire Alliance ON 1,919,191,027 54,862 30 29 30 Kawartha Credit Union Limited ON 1,916,911,751 72,783 22 30 31 Caisse Financial Group MB 1,741,355,220 32,348 19 31 32 Sunrise Credit Union Limited (5) MB 1,701,443,312 32,663 20 36 33 Northern Credit Union ON 1,698,908,654 75,703 31 32 34 Synergy Credit Union Ltd (6) SK 1,646,347,518 25,199 11 34 35 Kindred Credit Union ON 1,586,145,549 24,944 8 33 36 Westoba Credit Union Ltd. MB 1,546,854,070 39,701 16 35 37 Kootenay Savings Credit Union BC 1,353,521,000 36,378 11 38 38 Vision Credit Union Ltd. AB 1,333,179,351 24,692 17 39 39 Tandia Financial Credit Union ON 1,301,346,869 28,816 13 37 40 Fusion Credit Union Limited MB 1,250,537,541 30,321 18 40 41 Cornerstone Credit Union Financial Group Limited SK 1,158,740,000 21,760 9 41 42 PACE Savings & Credit Union Limited ON 1,141,668,333 39,663 13 42 43 Noventis Credit Union Limited MB 1,065,777,899 26,710 12 43 44 Aldergrove Credit Union BC 1,024,195,866 17,253 6 44 45 Ukrainian Credit Union ON 990,078,910 24,947 18 46 46 East Coast Credit Union NS 968,041,702 42,121 20 45 47 Salmon Arm Savings and Credit Union BC 919,038,106 19,377 4 48 48 Buduchnist Credit Union ON 916,746,614 19,805 9 47 49 Mainstreet Credit Union ON 892,714,329 22,296 10 50 50 Integris Credit Union BC 886,473,914 27,024 8 51 Results are as of Fourth Quarter 2020. Mergers occurring in First Quarter 2021 are not reflected in the above ranking. (1) CCUA-affiliated credit union data represent consolidated assets. Data do not reflect off-balance sheet activity. (2) Alterna Savings & Credit Union (ON) - Member Savings Credit Union merged with Alterna Savings & Credit Union, December 31, 2020. (3) FirstOntario Credit Union (ON) - Creative Arts Credit Union merged with FirstOntario Credit Union, October 31, 2020 (4) Windsor Family Credit Union (ON) - Education Credit Union merged with Windsor Family Credit Union, October 1, 2020. (5) Sunrise Credit Union (MB) - Minnedosa Credit Union merged with Sunrise Credit Union, July 1, 2020 (6) Synergy Credit Union (SK) - Macklin Credit Union merged with Synergy Credit Union, July 1, 2020.

CCUA publishes Sector Results-The Largest 100 Credit Unions semi-annually. For editorial or general inquiries, please contact: 3 Sandra Brizland | [email protected]

LARGEST 100 CREDIT UNIONS Current Previous Rank Credit Union Province 4Q 2020 (1) Members Locations Rank

51 Prairie Centre Credit Union Limited SK $873,857,290 14,886 14 52 52 Sunshine Coast Credit Union BC 866,454,129 17,629 3 53 53 Stride Credit Union MB 854,827,788 18,914 9 54 54 IC Savings & Credit Union ON 840,411,574 19,550 8 49 55 TCU Financial Group SK 772,731,325 13,216 5 55 56 Entegra Credit Union Limited MB 711,241,087 16,151 4 56 57 Northern Savings Credit Union BC 710,100,671 14,644 4 58 58 PenFinancial Credit Union Limited ON 696,622,211 18,456 8 57 59 Credit Union Atlantic NS 688,520,000 20,650 8 59 60 1st Choice Savings and Credit Union AB 680,049,943 17,269 6 62 61 Newfoundland and Labrador Credit Union Ltd NL 663,969,450 20,283 12 61 62 Lakeland Credit Union AB 641,708,473 10,793 2 60 63 Carpathia Credit Union MB 619,186,540 10,739 6 63 64 Community Savings Credit Union BC 609,645,900 12,593 6 64 65 Weyburn Credit Union Ltd SK 606,450,850 8,132 3 65 66 Diamond North Credit Union SK 601,082,000 12,137 10 66 67 Khalsa Credit Union BC 595,879,624 19,053 6 69 68 Rosenort Credit Union Limited MB 595,139,774 6,432 3 67 69 Encompass Credit Union Ltd. AB 557,100,422 8,878 7 68 70 First Credit Union BC 538,050,053 11,310 5 70 71 Copperfin Credit Union ON 536,042,992 19,332 6 73 72 St. Stanislaus St. Casimir's Polish Parishes Credit Union Limited ON 528,902,000 15,805 6 72 73 Sharons Credit Union BC 521,535,929 13,851 5 71 74 Provincial Credit Union PE 496,986,073 14,501 4 77 75 Sudbury Credit Union Limited ON 492,455,277 14,921 7 75 76 Comtech Fire Credit Union Limited ON 492,430,498 13,539 7 74 77 Bulkley Valley Credit Union BC 474,524,860 14,298 4 79 78 Bayview Credit Union Limited NB 457,376,762 24,656 8 80 79 East Kootenay Community Credit Union BC 457,288,844 10,970 4 81 80 Casera Credit Union MB 452,799,833 11,475 3 78 81 North Peace Savings and Credit Union BC 441,044,000 11,384 3 76 82 Pathwise Credit Union ON 434,703,128 10,996 2 82 83 Radius Credit Union Limited SK 433,091,470 4,766 7 85 84 VantageOne Credit Union BC 422,181,884 10,370 6 87 85 Parama Credit Union Limited ON 418,692,695 6,220 2 84 86 Niverville Credit Union MB 410,665,842 9,126 3 83 87 Motor City Community Credit Union ON 403,064,654 12,019 3 86 88 Bow Valley Credit Union AB 384,661,951 7,552 6 88 89 Rocky Credit Union AB 379,276,135 6,981 1 89 90 Williams Lake and District Credit Union BC 370,989,922 11,807 3 90 91 Lake View Credit Union BC 368,072,759 9,121 3 93 92 The Police Credit Union Limited ON 357,627,110 11,973 6 91 93 Summerland & District Credit Union BC 357,480,829 7,354 1 94 94 Your Credit Union Limited ON 349,390,221 11,302 5 92 95 Plainsview Credit Union SK 340,853,289 5,513 9 95 96 Swan Valley Credit Union Ltd. MB 316,099,165 7,063 2 97 97 Rapport Credit Union Limited ON 310,300,000 16,242 10 96 98 Moya Financial Credit Union Ltd. ON 310,150,719 4,694 2 - 99 OMISTA Credit Union NB 303,295,142 10,205 4 100 100 Crossroads Credit Union SK 302,742,004 6,519 4 98 $262,025,143,356 5,560,909 1,511 Results are as of Fourth Quarter 2020. Mergers occurring in First Quarter 2021 are not reflected in the above ranking.

CCUA publishes Sector Results-The Largest 100 Credit Unions semi-annually. For editorial or general inquiries, please contact: 4 Sandra Brizland | [email protected]

Appendix A

As indicated earlier, the fourth quarter 2020 largest 100 credit union listing reflects consolidated assets of all credit unions and caisses populaires, outside of Quebec. By “consolidated data,” we mean that the nominal figures reported in this document include all credit union subsidiaries. Prior to fourth quarter 2016, these data were unavailable for Ontario and British Columbia credit unions.

Due to the change in the data collection for the top 100 reports, the total sector assets reported in this document are not comparable to the combined sector assets reported in the National Sector Results report, Credit Union/Caisse Populaire Information Survey report, and the Regulatory Performance Report.

To learn more about the methodology behind the collection of these data, feel free to contact Sandra Brizland at [email protected].

CCUA publishes Sector Results-The Largest 100 Credit Unions semi-annually. For editorial or general inquiries, please contact: 5 Sandra Brizland | [email protected]