The Largest 100

Credit Unions / Caisses Populaires

Fourth Quarter 2015

March 2016

Month day, year

Largest 100 Credit Unions / Caisses Populaires
Fourth Quarter 2015

As of fourth quarter 2015, the 333 credit unions and caisses populaires outside of Quebec
reported combined assets of over $193.6 billion, a six-month increase of 3.3 per cent over
second quarter 2015.

The largest 100 credit unions and

caisses populaires reported a RANKING RANKING TOP 10
slightly higher asset growth rate 4Q15 2Q15 CREDIT UNIONS
than the entire system. At fourth 1 1 Vancity
quarter 2015, the largest 100 credit 2 2 Servus Credit Union
unions recorded a six-month gain 3 3 Coast Capital Savings
of 3.8 per cent, with assets 4 4 Meridian Credit Union
reaching over $171.5 billion. The 5 5 First West Credit
top 100 credit unions now account 6 6 Conexus Credit Union
for 88.6 per cent of total credit 7 7 Affinity Credit Union
union system assets in the country
8 8 Steinbach Credit Union
(excluding Quebec), as
9 10 Assiniboine Credit Union
amalgamations throughout the
system continue to increase this 10 9 Connect First Credit Union
group’s proportion of system assets.

The appearance of the largest ten credit unions changed somewhat from second quarter
2015, with Assiniboine Credit Union and Connect First Credit Union switching positions.
Assiniboine Credit Union moved to ninth position, while Connect First Credit Union shifted to
tenth position. With the top 10 credit unions recording a comparable 6-month growth rate of
3.2 per cent to the overall system, these ten credit unions maintained their 47 per cent
share of system assets. The largest 10 credit unions had combined assets of $90.8 billion –
an increase of $2.8 billion from the $88.1 billion recorded at second quarter 2015.

A further breakdown shows the five largest credit unions with gains in assets of 2.8 per cent
for the six-month period. This small group of credit unions account for 35 per cent of all
system assets in the country (excluding Quebec), with combined assets of $67.5 billion.

Credit unions ranked in the 11 to 100 group recorded the largest gains during the six-month
period. The 4.6 per cent six-month growth rate was partly attributed to a number of
mergers occurring during the last half of 2015 within this group. System assets outside of
the top 100 credit unions experienced a decline of 0.5 per cent.

Regional representation on the list is as follows: B.C., 24; Alberta, 9; Saskatchewan, 10;
Manitoba, 18; Ontario, 30; New Brunswick, 5; Nova Scotia, 2; P.E.I, 1 and Newfoundland,
1.
The Largest 100 Credit Unions

Comparative 6-Month Growth Rates

8%
Percentage Growth Over Previous Six Month Period

6%

4%

2%

0%
Total System Top 100 Top 10 Top 5 11 - 100 Group Rest of System

-2%

-4%
Credit Union/Caisse Populaire System (excluding Quebec)

Q4/13 Q2/14 Q4/14 Q2/15 Q4/15

System Results is published quarterly by Canadian Credit Union Association. For editorial or general
inquiries please contact:

Sandra Brizland
sbrizland@ccua.com

Canadian Credit Union Association

151 Yonge Street, Suite 1000, Toronto, ON M5C 2W7
Tel: (416) 232-3420 FAX: (416) 232-9196
www.ccua.com
© Canadian Credit Union Association, 2016. All Rights Reserved.
®HANDS & GLOBE design is a registered certification mark
owned by World Council of Credit Unions, used under license.
 LARGEST 100 CREDIT UNIONS
By Asset Size (Excluding Quebec)
Current Previous
Rank Credit Union Province 4Q 2015 2Q 2015 Members Locations Rank

1 Vancity BC 19,741,701,238 19,087,132,398 504,383 58 1

2 Servus Credit Union AB 14,275,305,050 14,201,623,065 370,988 102 2
3 Coast Capital Savings Credit Union BC 13,729,149,281 13,324,741,421 532,127 54 3
4 Meridian Credit Union ON 11,104,168,150 10,654,600,322 276,855 83 4
5 First West Credit Union BC 8,693,501,340 8,410,458,772 213,986 54 5
6 Conexus Credit Union SK 5,448,159,666 5,242,841,924 119,382 41 6
7 Affinity Credit Union SK 4,775,070,459 4,648,238,277 117,299 66 7
8 Steinbach Credit Union MB 4,760,341,385 4,590,109,050 84,549 3 8
9 Assiniboine Credit Union MB 4,177,243,285 3,923,626,124 113,989 21 10
10 Connect First Credit Union AB 4,135,029,876 3,969,232,285 98,713 27 9
11 Cambrian Credit Union MB 3,287,072,662 3,195,853,984 61,666 11 11
12 FirstOntario Credit Union ON 3,214,670,000 2,957,410,000 105,785 30 13
13 Libro Credit Union (1) ON 3,131,206,475 2,864,403,439 101,868 31 14
14 BlueShore Financial Credit Union BC 3,119,265,501 2,975,694,988 42,223 12 12
15 Alterna Savings and Credit Union ON 2,963,414,965 2,753,932,180 123,956 24 15
16 Prospera Credit Union BC 2,886,130,363 2,726,148,492 56,508 16 16
17 Westminster Savings Credit Union BC 2,681,658,193 2,595,728,045 55,595 15 17
18 DUCA Financial Services ON 2,282,536,761 2,225,719,949 52,137 16 18
19 Interior Savings Credit Union BC 2,198,662,871 2,148,025,798 70,072 22 19
20 Crosstown Civic Credit Union MB 2,180,777,365 2,026,311,372 30,909 9 21
21 Innovation Credit Union SK 2,142,680,064 2,075,449,325 49,559 23 20
22 Access Credit Union MB 2,065,031,864 2,002,866,213 48,156 17 22
23 Coastal Community Credit Union BC 1,951,462,011 1,914,532,069 80,981 22 23
24 Gulf and Fraser Fishermen's Credit Union BC 1,404,208,138 1,349,514,427 29,247 13 24
25 Caisse Financial Group (2) MB 1,399,967,643 1,272,899,000 32,303 26 28
26 Sunova Credit Union MB 1,341,009,732 1,249,105,727 33,927 13 29
27 Windsor Family Credit Union ON 1,327,213,549 1,286,912,653 35,414 9 27
28 Synergy Credit Union Ltd. SK 1,306,065,750 1,302,761,784 25,842 11 25
29 Westoba Credit Union MB 1,280,123,124 1,293,792,447 37,589 17 26
30 Kawartha Credit Union ON 1,226,752,300 1,173,255,615 49,868 25 30
31 Your Neighbourhood Credit Union ON 1,053,145,582 1,024,877,176 42,562 18 32
32 Kootenay Savings Credit Union BC 1,047,665,835 1,035,720,972 37,816 12 31
33 Northern Credit Union (3) ON 1,024,983,728 847,630,058 60,656 31 38
34 CP Trillium ON 987,802,893 957,623,402 25,404 10 34
35 Mennonite Savings and Credit Union ON 974,541,788 947,193,143 20,451 8 36
36 Cornerstone Credit Union Financial Group Ltd. SK 963,355,332 948,770,247 24,060 13 35
37 Tandia ON 909,549,378 846,004,636 30,292 15 39
38 Northern Savings Credit Union BC 902,590,903 976,077,538 16,591 4 33
39 Vision Credit Union AB 878,048,472 857,233,434 24,093 16 37
40 CP Voyageurs ON 860,616,107 801,073,692 20,664 12 41
41 Sunrise Credit Union MB 857,949,530 826,259,423 21,575 14 40
42 PACE Savings and Credit Union ON 791,213,586 749,512,071 30,688 12 42
43 Noventis Credit Union (4) MB 777,137,415 554,756,681 26,061 11 56
44 Buduchnist Credit Union ON 764,641,550 712,868,111 22,339 9 43
45 Ukrainian Credit Union ON 712,592,282 688,920,779 24,222 16 45
46 TCU Financial Group Credit Union SK 698,291,072 692,560,439 14,780 5 44
47 Integris Credit Union BC 692,485,892 649,327,095 25,194 7 47
48 CP Rideau-Vision ON 681,399,388 660,094,414 16,139 6 46
49 Entegra Credit Union MB 659,866,145 622,036,670 14,920 4 50
50 Mainstreet Credit Union (5) ON 647,860,475 567,301,039 24,218 15 55
Results are as of Fourth Quarter 2015. Mergers occurring in First Quarter 2016 are not reflected in the above ranking.
Off-balance sheet loans (ie. grandfathered commercial mortgages) are not included in credit union assets.
Credit unions/caisse populaires listed in bold are non-central affiliated.
(1) Libro Credit Union Ltd. (ON) - Hald-Nor Community Credit Union merged with Libro Credit Union Ltd., August 1, 2015.
(2) Caisse Financial Group (MB) - La Salle Credit Union merged with Caisse Financial Group, August 1, 2015.
(3) Northern Credit Union (ON) - Saugeen Community Credit Union merged with Northern Credit Union, September 1, 2015.
(4) Noventis Credit Union (MB) - Starbuck Credit Union merged with Noventis Credit Union, October 1, 2015.
(5) Mainstreet Credit Union (ON) - Goderich Community Credit Union amalgamated with Mainstreet Credit Union, July, 2015.
 LARGEST 100 CREDIT UNIONS
Current Previous
Rank Credit Union Province 4Q 2015 2Q 2015 Members Locations Rank
51 Lakeland Credit Union AB 644,112,303 642,899,511 10,395 2 48
52 Mountain View Credit Union AB 642,317,812 623,205,335 18,206 12 49
53 Aldergrove Credit Union BC 623,510,850 597,499,148 17,341 6 51
54 Italian Canadian Savings & Credit Union ON 602,889,070 570,950,854 13,677 6 54
55 Salmon Arm Savings and Credit Union BC 598,790,471 580,678,683 19,031 4 52
56 Prairie Centre Credit Union Ltd. SK 593,138,314 580,186,363 11,870 11 53
57 Newfoundland & Labrador Credit Union NL 570,500,000 545,300,000 16,682 12 57
58 CP Nouvel-Horizon ON 544,061,918 534,216,379 12,417 4 59
59 Encompass Credit Union AB 539,149,310 541,516,155 12,867 8 58
60 CP Sud-Est NB 509,153,000 494,071,610 28,611 12 62
61 Weyburn Credit Union Limited SK 502,780,989 506,308,428 7,914 3 60
62 1st CHOICE Savings & Credit Union AB 499,554,433 494,686,057 15,510 6 61
63 North Peace Savings and Credit Union BC 492,156,161 454,121,376 13,215 3 65
64 Sunshine Coast Credit Union BC 481,864,377 453,786,916 16,056 3 66
65 Community Savings Credit Union BC 481,422,081 473,272,807 12,245 7 63
66 PenFinancial Credit Union ON 463,952,955 465,954,635 19,021 8 64
67 Carpathia Credit Union MB 445,528,776 426,141,390 8,820 4 67
68 Vanguard Credit Union MB 442,612,657 423,775,621 12,338 11 68
69 Catalyst Credit Union MB 437,131,016 422,148,121 15,984 7 69
70 CU Atlantic NS 424,564,000 396,230,000 19,174 8 71
71 Diamond North Credit Union SK 414,628,835 415,809,370 9,947 8 70
72 East Coast Credit Union NS 407,110,413 393,469,494 26,342 17 72
73 St Stanislaus Credit Union ON 382,796,994 368,194,595 17,180 8 73
74 Rocky Credit Union AB 372,116,602 359,103,095 7,665 1 75
75 Rosenort Credit Union MB 369,197,707 334,954,846 4,491 2 81
76 Community First Credit Union ON 367,264,758 353,280,460 13,913 3 78
77 Bayview Credit Union NB 366,877,868 357,748,681 26,821 8 76
78 Auto Workers Community Credit Union ON 364,047,363 306,099,166 12,739 2 89
79 CP Acadie NB 362,626,000 360,679,290 15,619 6 74
80 Casera Credit Union MB 361,604,529 354,090,871 11,922 3 77
81 Sudbury Credit Union ON 360,263,513 352,700,220 15,736 7 79
82 Khalsa Credit Union BC 348,439,994 348,799,953 13,696 5 80
83 Copperfin Credit Union ON 345,091,241 331,775,638 17,946 7 82
84 Lake View Credit Union BC 328,256,561 324,299,629 10,755 3 83
85 First Credit Union BC 322,792,558 318,848,713 10,781 4 84
86 Bulkley Valley Credit Union BC 319,893,599 317,856,528 15,294 4 85
87 Bow Valley Credit Union AB 313,026,448 316,462,865 8,661 6 86
88 Provincial Credit Union PEI 311,646,147 306,169,053 16,245 4 88
89 Radius Credit Union Limited SK 308,589,360 290,897,875 4,621 7 90
90 Sharons Credit Union BC 298,034,423 286,889,556 9,616 5 93
91 Motor City Community Credit Union ON 295,583,520 279,712,157 12,432 4 96
92 East Kootenay Savings Credit Union BC 294,610,374 309,863,080 10,702 4 87
93 CP Dieppe-Memramcook NB 292,951,000 279,758,170 11,784 3 95
94 Portage Credit Union MB 290,422,333 287,378,701 9,636 3 92
95 VantageOne Credit Union BC 290,160,796 290,012,518 12,208 5 91
96 Niverville Credit Union MB 289,155,096 285,934,492 7,711 2 94
97 CP Les Trois Rives NB 283,645,000 274,458,490 12,574 5 97
98 CP Cornwall ON 280,607,042 262,479,060 6,664 1 100
99 CP Vallée ON 276,781,279 270,416,929 7,116 2 99
100 Comtech ON 270,867,089 244,607,408 12,146 4 -
$171,543,595,349 4,752,938 1,389
Results are as of Fourth Quarter 2015. Mergers occurring in First Quarter 2016 are not reflected in the above ranking.
Off-balance sheet loans (ie. grandfathered commercial mortgages) are not included in credit union assets.
Credit unions/caisse populaires listed in bold are non-central affiliated.