Assiniboine Credit Union
Introduction '''Assiniboine Credit Union (ACU)''' is a credit union based in Winnipeg, Manitoba.ACU was formed in 1943 by 15 employees of the Winnipeg Electric Company 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 now has 18 branches in Winnipeg and Northern Manitoba. ACU merged with Astra and Vantis credit unions in 2007.
Branches , Assiniboine Credit Union has 18 branches: 14 in Winnipeg and 2 in northern Manitoba—Thompson and Gillam., ACU has three community economic development, one in Gillam and the other two in the West Broadway and North End neighborhoods of Winnipeg. These branches are deliberately placed in low-income areas in order to provide financial services to those ignored by the large commercial banks.The North End location was opened in 2012, on McGregor Street at College Avenue, as the area was previously unserviced by financial institutions for 10 years. Camilla, Duchess of Cornwall toured the facility upon her visit to Winnipeg to learn more about Manitoba Credit Unions.
History In 1943, under the backdrop of World War II and its impact on the world's economies, Ed McCaffrey and 8 co-workers from the Winnipeg Electric Company formed Assiniboine Credit Union, naming it after the street its headquarters was on—Assiniboine Avenue. Many Manitobans at the time were subjected to high interest rates charged by money lenders. McCaffrey and his colleagues thereby established ACU as an open bond credit union that welcomed everyone in the community to join.In 2020, Assiniboine Credit Union received its B Corporation certification, after received an assessment score of 166.4, the highest in Canada and 6th highest in the world among over 3,500 certified B Corps.=== Mergers ===Mergers have been a large part of the history and success of credit unions over the years. ACU'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 in 1979.On 24 June 2021, Assiniboine Credit Union signed a formal agreement to merge with Entegra Credit Union, followed by a public announcement 5 days later. Formally taking effect on 1 January 2022, the new entity will retain the Assiniboine Credit Union name; likewise, the current President and CEO of ACU, Kevin Sitka, will head the new credit union, while the CEO of Entegra, Brent Turman, will become Chief Operations and Strategic Initiatives Officer.DateCredit union merger Later merger1938	The Pool Credit Union Society Ltd. Hy-Line 20011938	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
References
External links * Assiniboine Credit Union website* Assiniboine Credit Union media release