Canadian Credit Unions

Credit Union Central of Manitoba is the trade association for Manitoba’s 41 credit unions, providing services in areas of capital and financial management, banking services, product and service research and development, consulting and representation and advocacy.

Credit Union Central of Manitoba

1. The Credit Unions and Caisses Populaires Act requires that all provincial credit unions belong to Credit Union Central of Manitoba.
2. Manitoba credit unions jointly own Central; representatives from nine provincial districts sit on its board of directors.
3. Credit Union Central of Manitoba is financed through fees and income derived through its operations and levies based on individual credit unions’ assets and/or membership.
4. Through Central, Manitoba credit unions share cheque clearing, data processing, investments and loans, training and education, marketing and research, government liaison. They also call upon Central’s consulting services in areas such as technology, business development, and agricultural and business lending.
5. Provincial Centrals in every province collectively own and control Credit Union Central of Canada, located in Mississauga, Ontario, which performs, at the federal level, similar functions as provincial Centrals.

Meridian is Ontario’s largest credit union. It was formed April 1, 2005, following the merger of Niagara Credit Union and HEPCOE Credit Union. Meridian is the fourth largest credit union in Canada, and the largest credit union in Ontario, serving more than 250,000 members with total assets under administration of $9.2 billion. Meridian offers a full range of banking, wealth management, credit products and services through 64 branches, and seven Commercial Business Centres. It has more than 1,200 employees in its 65 branches, 7 Commercial Business Centres and corporate offices.

Credit Union Central of Saskatchewan was founded in 1938 and is based in Regina, Canada. Credit Union Central of Saskatchewan, a financial co-operative, provides research, development support, consulting, and financial liquidity management services to credit unions in Canada. It offers market solutions, including strategic human capital management, organization effectiveness, executive search and retention strategies, employee and labour relations, total compensation, market research, sales and service culture, lending and deposit products and support, and compliance training, as well as organization learning, development, and training; promotional items, stationery products, and marketing materials; and business support services, such as enterprise risk management, board governance, strategic and operational planning, business process improvement, relief management, and internal audit. The company also provides strategic investment and liquidity management services, which include management of credit union statutory liquidity, clearing and settlement services, and investments in partner organizations.