Type Credit Union Headquarters Winnipeg Number of locations 18 | Industry Financial services Founded 1943 Number of employees 485 (2015) | |
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Key people Kevin Sitka, President & Chief Executive Officer Revenue $382 million CAD (2015) Net income $17.1 million CAD (2015) Total assets $4.2 billion CAD (2015) Profiles | ||
Assiniboine credit union idw 2014 video profile
Assiniboine Credit Union (ACU) is a credit union based in Winnipeg, Manitoba. ACU was formed in 1943 by 15 Winnipeg Electric Company employees who got together to form the credit union. They named the new credit union after the street their company headquarters was on—Assiniboine Avenue. ACU has 18 branches in Winnipeg and Northern Manitoba. The credit union merged with Astra and Vantis credit unions in 2007. ACU is a member of the World Council of Credit Unions and the Global Alliance for Banking on Values (GABV).
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Assiniboine credit union case study live webinar
Branches
As of 2016 Assiniboine has 18 branches, 16 in Winnipeg as well as 1 in Thompson and Gillam - in northern Manitoba.
In 2012, Assiniboine Credit Union opened a branch on McGregor Street at College Avenue. This branch was placed in this low-income area of Winnipeg deliberately, in order to provide financial services to people ignored by the large commercial banks. The move by ACU to open up a branch in Winnipeg's North End in 2012 caused her Royal Highness Camilla, Duchess of Cornwall to tour the facility upon her visit to Winnipeg to learn more about Manitoba Credit Unions. The area was previously unserviced by financial institutions for 10 years.
The branch at Red River Boulevard and Main Street in Winnipeg features environmental design, incorporating green building features such as geothermal cooling and heating, passive solar design, and insulation spun from rock.
Mergers
Mergers have been a large part of the history and success of credit unions over the years. Assiniboine’s history of mergers began in 1948, when Winnipeg Postal District Employees and Federal Employees of Manitoba merged with Keystone Credit Union, which ultimately merged with Assiniboine Credit Union (ACU) in 1979.
Note: an asterisk following the date indicates mergers
Dates of subsequent mergers and merge partners are in brackets.
Source: Credit Union Central of Manitoba, August 2013