Credit Union – Caisse Populaire March 2013
FOURTH QUARTER 2012
Largest 100 Credit Unions / Caisses Populaires
As of fourth quarter 2012, the 394 credit unions and caisses populaires outside of Quebec reported combined
assets of $161.1 billion, a six-month increase of 3.8 per cent over second quarter 2012.
The largest 100 credit unions and caisses populaires reported a slightly higher six-month asset growth rate of 4.2
per cent over mid-year 2012 results. At fourth quarter 2012, the largest 100 credit unions reported assets of over
$137.5 billion. Amalgamations throughout the credit union system continue to increase the proportion of system
assets that the top 100 group controls. This group accounts for 85.4 per cent of total system assets in the country
(excluding Quebec).
The appearance of the largest 10 credit unions remained unchanged as all 10 credit unions retained their position
from six months ago. This group reported growth higher than the top 100 combined, with a 4.8 per cent increase
since mid-year. The top 10 credit unions increased their share of system assets slightly to 45.6 per cent
compared to 45.2 per cent 6-months ago. The largest
Ranking
Ranking
Top 10
10 credit unions had combined assets of almost $73.5
4Q12
2Q12
Credit Unions
billion – an increase of $3.35 billion from the $70.1 billion
recorded at second quarter 2012.
1
Vancity
1
2
Coast Capital Savings
2
A further breakdown shows the 5 largest credit unions
3
Servus Credit Union
3
with gains in assets of 4.6 per cent over year-end. This
4
Meridian Credit Union
4
small group of credit unions now account for 35.0 per
5
First West Credit Union
5
cent of all system assets in the country (excluding
6
Conexus Credit Union
6
Quebec), with combined assets of $56.4 billion.
7
Steinbach Credit Union
7
8
Assiniboine Credit Union
8
Credit unions ranked 11 to 100 recorded a six-month
9
Cambrian Credit Union
9
growth rate of 3.5 per cent in assets, while assets in the
10
First Calgary Financial
10
remaining part of the system experienced an increase of
just 1.6 per cent.
Regional representation on the list is as follows: B.C., 25; Alberta, 11; Saskatchewan, 11; Manitoba, 18; Ontario,
26; New Brunswick, 6; Nova Scotia, 2 and Newfoundland, 1.
1
Largest 100 Credit Unions
FOURTH QUARTER 2012
The Largest 100 Credit Unions
Comparative 6-Month Growth Rates
Percentage Growth Over Previous Six Month Period
12%
10%
8%
6%
4%
2%
0%
Total System
Top 100
Top 10
Top 5
11 - 100 Group
Rest of System
-2%
-4%
-6%
Credit Union/Caisse Populaire System (excluding Quebec)
4Q10
2Q11
4Q11
2Q12
4Q12
System Results Largest 100 Credit Unions is
published semi-annually by Credit Union Central of
Canada. For editorial or general inquiries please
contact:
Sandra Brizland
brizlands@cucentral.com
Credit Union Central of Canada
151 Yonge Street, Suite 1000, Toronto, ON M5C 2W7
Tel: (416) 232-3420 FAX: (416) 232-9196
www.cucentral.ca
© Credit Union Central of Canada, 2013. All Rights Reserved.
®HANDS & GLOBE design is a registered certification mark
owned by World Council of Credit Unions, used under license.
2
Largest 100 Credit Unions
FOURTH QUARTER 2012
LARGEST 100 CREDIT UNIONS
By Asset Size (Excluding Quebec)
Current
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Credit Union
Province
Vancity
BC
Coast Capital Savings Credit Union
BC
Servus Credit Union
AB
Meridian Credit Union
ON
First West Credit Union
BC
Conexus Credit Union
SK
Steinbach Credit Union
MB
Assiniboine Credit Union
MB
Cambrian Credit Union
MB
First Calgary Financial Credit Union
AB
Affinity Credit Union
SK
Prospera Credit Union
BC
Alterna Savings
ON
Westminster Savings Credit Union
BC
North Shore Credit Union
BC
Interior Savings Credit Union
BC
FirstOntario Credit Union
ON
Libro Financial Group
ON
Coastal Community Credit Union
BC
Crosstown Civic Credit Union
MB
Innovation Credit Union
SK
Access Credit Union
MB
Island Savings Credit Union
BC
DUCA Financial Services
ON
Westoba Credit Union
MB
Synergy Credit Union Ltd.
SK
Gulf and Fraser Fishermen's Credit Union
BC
Caisse Financial Group
MB CP
Kawartha Credit Union
ON
Kootenay Savings Credit Union
BC
Windsor Family Credit Union
ON
Sunova Credit Union
MB
Mennonite Savings and Credit Union
ON
Northern Savings Credit Union
BC
Cornerstone Credit Union Financial Group Ltd. SK
Chinook Credit Union
AB
Sunrise Credit Union
MB
Your Neighbourhood Credit Union
ON
Spectra Credit Union
SK
Northern Credit Union
ON
United Communities Credit Union
ON
Buduchnist Credit Union
ON
Ukrainian Credit Union (1)
ON
CP Trillium
ON
Battleriver Credit Union
AB
Mountain View Credit Union
AB
TCU Financial Group Credit Union
SK
PACE Savings and Credit Union (2)
ON
Aldergrove Credit Union
BC
Lakeland Credit Union
AB
4Q 2012
16,979,417,995
12,643,848,010
12,177,314,802
8,753,311,552
5,881,250,713
4,202,015,663
3,962,524,433
3,430,950,621
2,764,227,835
2,664,640,852
2,472,179,517
2,331,943,873
2,293,008,166
2,251,031,271
2,197,963,627
2,081,636,251
1,882,628,000
1,797,333,869
1,706,346,003
1,698,562,336
1,655,960,600
1,510,132,542
1,413,418,409
1,279,134,530
1,164,923,590
1,128,525,601
1,088,617,140
1,025,068,007
957,890,504
957,532,000
950,582,120
910,066,347
830,556,234
823,922,282
806,513,855
805,777,043
746,993,886
744,117,676
719,813,842
712,822,551
702,430,537
621,952,613
582,861,434
580,836,246
579,269,401
563,737,105
552,451,706
543,442,908
537,353,511
534,401,554
2Q 2012
16,347,073,200
12,146,959,760
11,592,029,646
8,137,861,662
5,706,626,067
4,006,053,162
3,804,545,463
3,236,790,593
2,588,194,527
2,543,997,927
2,417,307,285
2,177,448,653
2,259,144,775
2,216,578,954
2,144,617,686
2,101,343,184
1,708,475,000
1,703,746,575
1,709,969,852
1,582,133,736
1,600,762,206
1,461,570,611
1,388,613,401
1,235,502,159
1,103,261,916
1,077,018,237
1,065,810,162
979,743,389
921,303,143
933,952,914
908,157,295
844,238,098
793,142,256
823,535,729
807,523,878
776,630,468
702,070,223
708,197,766
709,352,711
685,872,307
675,552,750
592,663,133
520,802,052
551,171,029
559,285,137
559,392,765
523,093,032
478,601,405
528,970,391
521,763,179
Members
491,770
504,054
373,468
262,360
154,370
114,497
77,634
109,030
58,279
82,307
101,747
57,107
103,124
55,467
39,696
73,469
88,374
58,393
79,799
29,927
47,163
35,621
46,659
41,034
34,748
28,356
26,358
30,686
49,462
39,421
31,470
28,976
18,981
18,133
23,293
22,114
21,299
28,311
20,107
52,030
36,040
20,886
25,764
18,609
17,092
18,036
14,429
29,041
18,986
10,678
Locations
58
53
101
71
38
47
3
25
11
16
44
16
24
15
12
21
24
15
24
8
27
14
15
16
21
11
5
26
25
12
6
12
8
4
15
11
13
16
11
26
11
9
15
8
11
12
4
10
5
2
Previous
Rank
1
2
3
4
5
6
7
8
9
10
11
14
12
13
15
16
18
19
17
21
20
22
23
24
25
26
27
28
30
29
31
32
35
33
34
36
39
38
37
40
41
42
49
45
44
43
47
53
46
48
Results are as of Fourth Quarter 2012. Mergers occurring in First Quarter 2013 are not reflected in the above ranking.
Credit unions/caisse populaires listed in bold are non-central affiliated.
(1) Ukrainian Credit Union (ON) - purchased United Ukrainian Credit Union, October 31, 2012.
(2) PACE Savings & Credit Union (ON) - ETCU Financial amalgamated with PACE Savings & Credit Union, October 1, 2012.
3
Largest 100 Credit Unions
FOURTH QUARTER 2012
LARGEST 100 CREDIT UNIONS
Current
Rank
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Credit Union
Integris Credit Union
Salmon Arm Savings and Credit Union
CP Voyageurs
Entegra Credit Union
Newfoundland & Labrador Credit Union
Noventis Credit Union
CP Sud-Est
Prairie Centre Credit Union Ltd.
Advantage Credit Union
Community Savings Credit Union
Hamilton Teachers Credit Union
CP Nouvel-Horizon
Weyburn Credit Union Limited
1st CHOICE Savings & Credit Union
Italian Canadian Savings & Credit Union
St Stanislaus Credit Union
Wainwright Credit Union
Sunshine Coast Credit Union
East Coast Credit Union
Diamond North Credit Union
Carpathia Credit Union
Vanguard Credit Union
Community First Credit Union
Bayview Credit Union
PenFinancial Credit Union
CU Atlantic
CP Acadie
North Peace Savings and Credit Union
Casera Credit Union
CP Rideau Ottawa
Rocky Credit Union
Lake View Credit Union
Auto Workers Community
Khalsa Credit Union
Bulkley Valley Credit Union
Bow Valley Credit Union
CP Dieppe-Memramcook
VantageOne Credit Union
Shell Credit Union
CP Les Trois Rives
Sudbury Credit Union
Rosenort Credit Union
Niverville Credit Union
Portage Credit Union
East Kootenay Community Credit Union
Sharons Credit Union
CP La Vallée de L'Érable
First Credit Union (3)
Swan Valley Credit Union
Police Credit Union
Province
4Q 2012
BC
BC
ON
MB
NL
MB
NB CP
SK
SK
BC
ON
ON
SK
AB
ON
ON
AB
BC
NS
SK
MB
MB
ON
NB
ON
NS
NB CP
BC
MB
ON
AB
BC
ON
BC
BC
AB
NB CP
BC
AB
NB CP
ON
MB
MB
MB
BC
BC
NB CP
BC
MB
ON
$523,102,882
$518,494,335
$514,722,611
$502,663,041
$489,000,000
$485,737,956
$485,127,000
$476,705,955
$446,087,715
$442,983,050
$438,634,831
$422,916,991
$419,689,232
$418,129,528
$416,896,196
$380,528,930
$378,240,669
$369,598,952
$361,136,000
$360,159,445
$357,833,272
$356,190,526
$338,860,376
$337,036,000
$329,487,886
$328,490,000
$320,731,000
$319,548,598
$314,934,069
$313,061,590
$308,233,572
$287,826,006
$281,267,909
$278,577,559
$277,499,126
$274,581,095
$265,536,000
$264,877,502
$264,348,452
$264,105,000
$256,405,222
$244,218,150
$243,582,629
$243,041,761
$242,255,199
$241,636,275
$237,640,000
$234,201,757
$232,943,090
$228,955,774
$137,541,701,877
2Q 2012
$509,410,522
$489,915,193
$474,530,487
$472,192,185
$488,900,000
$466,959,419
$471,798,000
$440,163,297
$444,636,275
$435,952,686
$419,230,736
$402,696,667
$408,173,870
$412,009,326
$388,770,117
$379,177,478
$371,696,893
$361,909,014
$366,933,609
$357,670,858
$355,204,310
$342,720,849
$331,221,492
$331,298,777
$321,029,221
$322,936,936
$324,893,000
$306,397,683
$301,704,573
$322,182,562
$297,380,176
$274,381,553
$281,220,641
$260,055,323
$277,749,817
$270,844,010
$248,956,000
$259,088,440
$262,163,392
$260,769,000
$253,588,236
$238,966,378
$245,083,819
$236,820,427
$236,944,862
$250,532,005
$232,678,000
$205,001,611
$232,886,054
$224,031,063
Members
25,057
19,001
17,181
13,174
16,829
21,883
35,191
12,952
13,464
11,947
16,168
12,782
8,063
16,418
10,003
26,341
10,159
15,367
27,693
11,174
12,541
12,338
14,588
28,716
15,474
7,643
17,250
11,589
11,427
10,147
7,901
12,080
13,809
12,223
15,004
9,088
14,038
12,120
5,960
15,265
13,390
4,383
7,576
8,544
9,891
9,073
14,782
9,937
9,133
11,952
4,467,364
Locations
7
3
11
3
13
8
16
11
18
7
6
4
3
5
6
12
7
3
20
8
3
11
3
9
6
8
6
3
3
3
1
3
2
5
4
6
4
4
1
9
6
1
2
3
4
5
4
4
3
5
1,309
Previous
Rank
50
51
54
55
52
57
56
59
58
60
61
64
63
62
65
66
67
69
68
70
71
72
74
73
78
76
75
79
80
77
81
84
82
88
83
85
92
89
86
87
90
94
93
96
95
91
98
97
99
Results are as of Fourth Quarter 2012. Mergers occurring in First Quarter 2013 are not reflected in the above ranking.
Credit unions/caisse populaires listed in bold are non-central affiliated.
(3) First Credit Union (BC) - Cumberland & District Credit Union merged with First Credit Union, September 1, 2012.
4