Assiniboine Credit Union
Assiniboine Credit Union (ACU) is a credit union based in Winnipeg, Manitoba. The credit union merged with Astra and Vantis credit unions in 2007.[2]
 | |
| Credit Union | |
| Industry | Financial services |
| Founded | 1943 |
| Headquarters | , |
Number of locations | 18 |
Key people | Kevin Sitka, President & Chief Executive Officer |
| Revenue |  |
| |
| Total assets | |
| Members | 126,000 (2018)[1] |
Number of employees | 500 (2018) [1] |
| Website | assiniboine.mb.ca |
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.
| Date | Credit union merger | Later merger |
|---|---|---|
| 1938 | The Pool Credit Union Society Ltd. | Hy-Line 2001 |
| 1938 | St. Alphonsus Credit Union Society Ltd. | Assiniboine 1982 |
| 1939 | Burns Employees Credit Union | Assiniboine 1998 |
| 1943 | Assiniboine Credit Union Society Ltd. | |
| 1943 | La Caisse Populaire de St-Norbert | Hy-Line 1989 |
| 1944 | Airline Credit Union Society Ltd. | Assiniboine 1983 |
| 1946 | Winnipeg Postal District Employees Credit Union Society Ltd. | Keystone 1948 |
| 1947 | Federal Employees of Manitoba Credit Union Society Ltd. | Keystone 1948 |
| 1947 | Keystone Credit Union | Assiniboine 1979 |
| 1948 | Manitoba Power Commission (MPC) Credit Union Society Ltd. | |
| 1948* | Winnipeg Postal District Employees and Federal Employees of Manitoba | merge with Keystone |
| 1949 | Aircrafters Credit Union Society Ltd. | Airline 1981 |
| 1949 | Buffalo Credit Union Society Ltd. | Assiniboine 2008 |
| 1949 | Decibel Credit Union Society Ltd. | Hy-Line 2002 |
| 1951 | Fort Rouge Railway Employees Credit Union Society Ltd. | Hy-Line 1989 |
| 1951 | Public Press Employees Credit Union Society Ltd. | Astra 1991 |
| 1952 | Ogilvie's Employees Credit Union Society Ltd. | Assiniboine 1982 |
| 1957 | Manitoba Sugar Employees Credit Union Society Ltd. | Hy-Line 1989 |
| 1958 | Astra Credit Union Society Ltd. | Assiniboine 2007 |
| 1960 | A.F & D.C. Credit Union Society Ltd. | Assiniboine 1978 |
| 1962 | Continental Can Employees Credit Union Society Ltd. | Assiniboine 1982 |
| 1962 | Hy-Line Credit Union Society Ltd. | Vantis 2002 |
| 1962* | MPC Credit Union merges with Hy-Line Credit Union | |
| 1964 | Hansa Credit Union Society Ltd. | Assiniboine 1991 |
| 1964 | St. James Community Credit Union Society Ltd. | Astra 1969 |
| 1966 | Pinawa Credit Union Credit Union Society Ltd. | Keystone 1975 |
| 1969* | St. James Community merges with Astra | |
| 1975* | Pinawa merges with Keystone | |
| 1978* | A.F. & D.C. merge with Assiniboine | |
| 1979* | Keystone merges with Assiniboine | |
| 1980 | The Professional Financial Savings Credit Union Ltd. | Assiniboine 1988 |
| 1981* | Aircrafters merges with Airline | |
| 1982* | St. Alphonsus, Continental Can and Ogilvie merges with Assiniboine | |
| 1983* | Airline merges with Assiniboine | |
| 1988* | Professional Financial Savings merges with Assiniboine | |
| 1989* | Fort Rouge Railway, Manitoba Sugar and La Caisse populaire de St-Norbert merge with Hy-Line | |
| 1991* | Hansa merges with Assiniboine | |
| 1991 | Public Press merges with Astra | |
| 1998* | Burns merges with Assiniboine | |
| 2001* | The Pool merges with Hy-Line | |
| 2002* | Hy-Line and Decibel merge to create Vantis Credit Union | |
| 2007* | Vantis and Astra merge with Assiniboine | |
| 2008* | Buffalo merges with Assiniboine |
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
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References
- "Assiniboine Credit Union 2018 Annual Report". Assiniboine Credit Union. Retrieved 2019-04-05.
- Manitoba credit unions vote to merge. The Canadian Press. 29 Sept. 2006.
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