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Mitek Systems, Inc. Message Board

  • jorlev1164 jorlev1164 Apr 15, 2013 5:31 PM Flag

    CANADIAN Credit Unions - 781 CUs with $292B in Assets and 10.3M Members

    From Central 1:
    In Canada, credit unions trace their roots to the early 1900s with the first caisse populaire, formed by Alphonse Desjardins, in Levis, Quebec.

    Today, there are 781 credit unions and caisses populaires in Canada, with a total of 3,120 branches. They hold combined assets of $292 billion and serve 10.3 million members (as at September 30, 2012).

    Throughout its history, the Canadian credit union system has maintained a record of sound, prudent financial management, solid growth and unparalleled service to members. To this day, credit unions and caisses populaires continue to play an important role in fostering community development.

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    • Central 1 has 141 of the 781 CUs in Canada:

      Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 3.2 million members and holds $86.2 billion in assets and is owned primarily by its member credit unions, 44 in B.C. and 97 today in Ontario.

      With offices in Vancouver, Mississauga, and Toronto, Central 1 provides liquidity management, direct banking and payment service solutions as well as a wide range of trade services.

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