This site is maintained by Sam Nabi as a record of the vibrant Wonderful Waterloo community, which was taken offline in 2014. This site is a partial archive, containing some posts from 2009-2013. To read more about the recovery effort and access the data in a machine-readable format, check out the GitHub page.
We have three branches: the Education Centre in Kitchener, a branch located in the TechTown building in the Research and Technology Park in Waterloo and a new branch located in Cambridge Place, on Water Street in Galt.
Post #3083
03-16-2010 09:29 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Largest 100 Credit Unions SECOND QUARTER 2009 Published semi-annually by Credit Union Central of Canada September 2009 | Link
Current Rank
Credit Union
2Q 2009
4Q 2008
Members
Locations
Previous Rank
32
Mennonite Credit Union
648,324,994
609,576,334
16,749
9
35
44
Your Neighbourhood Credit Union
493,317,827
475,185,901
29,130
9
45
Post #3084
03-16-2010 09:33 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
(March 4, 2010 – Toronto) Today, Finance Minister Jim Flaherty made an historic announcement for the evolution of the credit union system in Canada by stating the federal government’s intention to proceed with federal credit union legislation.
“Credit Union Central of Canada supports the availability of a federal option for credit unions. We welcome today’s announcement as a step toward enabling credit union to choose a new option to address growth opportunities and enhance service to their members”, said David Phillips, President and CEO of Credit Union Central of Canada.
The main purpose of a federal credit union charter is to accommodate growth and expansion of the Canadian credit union system. It will enable those credit unions that so choose to reach beyond provincial boundaries and pursue business strategies that are not constrained by provincial incorporation.
As today’s announcement does not contain details beyond the government’s intention to proceed, Credit Union Central of Canada looks forward to working with the federal government on this initiative.
Post #4135
04-08-2010 04:14 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Waterloo Banking Project: We launched our student finance survey today April 1st, 2010 | Link
Abhi made the final changes and published our student finance survey today.
With the responses we hope to find out more about Waterloo students’ financial situations and requirements for financial and banking services. The responses will help us as we work to develop and improve financial services for students in Waterloo.
As an incentive for answering our questions, respondents will be eligible for a draw prize of an Apple iPad. Only current students at University of Waterloo, Wilfrid Laurier University and Conestoga College, who are registered at campuses in Waterloo Region, are eligible for a chance at the prize.
Alumni, faculty and staff and other people with relationships to the local university are welcome to respond, but are not eligible for the draw.
This study is being conducted by Abhilash Jayakumar and Ryan Chen-Wing for the not-for-profit, student initiative Waterloo Banking Project. While students do volunteer for the project, it has no formal relationship with any university or college.
The purpose of this survey is to find out about students' requirements for banking services, gauge students' financial situation, and explore new financial services for students. The survey is also meant to collect information from alumni, faculty, staff, and others who might support our efforts.
Responding to the survey questions should take no longer than 15 minutes. Your answers will remain anonymous. Participation in this study is voluntary. You can withdraw your participation at any time by not submitting your responses. There are no known or anticipated risks from participating in this study.
If you wish to be entered in the draw for the iPad, you will be asked for identifying information, but that information will be separated from all other response data and only be used for the purpose of verifying and contacting the winner.
To be eligible for the draw prize you must be a current student of UW, WLU, or Conestoga College and registered in Waterloo Region. You will be asked for information used to verify your status. Students may respond to the survey and opt not to be eligible for the iPad. Non-students, including alumni faculty and staff may respond to the survey and not be eligible for the iPad.
You will also be invited to join our project mailing list. If you choose to share your e-mail address with us, that information too will be separated from response data.
Post #5326
04-22-2010 06:10 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Largest 100 Credit Unions FOURTH QUARTER 2009 March 2010 | Link
Current Rank
Credit Union
4Q 2009
2Q 2009
Members
Locations
Previous Rank
32
Mennonite Savings and Credit Union
666,361,107
648,324,994
16,942
8
32
43
Your Neighbourhood Credit Union
515,201,701
493,317,827
29,508
14
44
Post #5346
04-22-2010 09:30 AM
Unknown Author
Town Member Kitchener Joined Jan 2010 496 posts
I look forward to the day when that list will include Wonderful Waterloo Credit Union, that offers financial services geared to serving, promoting and developing the Region of Waterloo! Have you got your WW ATM card?
Post #7553
05-26-2010 03:54 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
So, people can get a better understanding of WaterlooBanking Project and our plans, we made a screencast presentation. In it we describe our problem statement, our vision for student-run financial services, and the basics of our plan. We also outline our plans for the next two years and tell interested people how they can contribute to our efforts. Please watch the video and tell your friends.
You are invited to attend an organizational meeting for the Waterloo Banking Project. Learn more about our plans to create student-run financial services in Waterloo. Students from both the University of Waterloo and Wilfrid Laurier University are welcome to attend. Find out how you can contribute to this worthwhile initiative.
The purpose of these questions is to collect information about potential staff members. We want to know about people, what they expect from the project, what they can offer, and when they’ll be available. As well we want to know people’s ideas.
Post #7558
05-26-2010 06:37 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Your Neighbourhood Credit Union just got bigger! That's right! We've opened a brand new branch in Waterloo at the corner of Erb Street West and Ira Needles Blvd. [This is their 15th location.] 655 Erb Street West, Waterloo, N2J 3Z4 Tel: 519.804-9040 | erbstreet@yncu.com M-W 9:30 am - 4:30 pm | Th-F 9:30 am - 6:00 pm | Sat 9:30 am - 12:30 pm
Post #7572
05-26-2010 03:18 PM
Unknown Author
Town Member Kitchener Joined Jan 2010 496 posts
plans to create student-run financial services in Waterloo.
I wish I could attend this! I've been involved in the launch of 2 new financial institutions (on the technology side) and there's an incredible amount of work involved here.
I wonder if they're partnering with an existing Financial Institution, similar to PC Financial (CIBC) or FNB First Nations Bank (TD Canada Trust) using the big banks' infrastructure and experience, to create a uniquely branded and separate financial institution.
I wish them the best of luck for success!
Post #7576
05-26-2010 05:33 PM
Unknown Author
Transportation Moderator H2OWC Joined Mar 2010 1384 posts
While I wish them the best, that presentation is amateur hour, especially coming from a group at UW where technical talent should be readily available: 1. Lots of hum in the background. Did they record this using the built-in microphone in a netbook with the gain at Max? 2. All but a couple of slides just parrot the announcer's words. The slides should either summarize or complement what the announcer is saying. Otherwise just put what you have to say on a web page. 3. They have a website on their own domain, http://waterloobanking.com (good, even if just a blog) but their e-mail is hosted by Google, waterloobanking.com@gmail.com (ugh!) with a ".com" ahead of the @domain.com (huh?)
The concept is intriguing. I agree with Shawn that they should partner up with a bank like PCF/CIBC. Again this is UW with lots of co-op students whose work terms may be out of range of a credit union. With PCF/CIBC they'd have branch and ATM coverage across Canada.
BTW Georgetown U has ~15,000 students so if 2/3 are signed up and they have $12M in total assets that's ~$1,200 per student. UW has about twice as many students.
Post #15753
10-05-2010 11:15 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Largest 100 Credit Unions 2Q2010 Setpember 2010 | Link
As of second quarter 2010, the 470 credit unions and caisses populaires outside of Quebec reported combined assets of close to $135 billion, a six-month increase of 1.9 per cent over fourth quarter of 2009.
Local Credit Union Statistics By Asset Size, Excluding Quebec
Current Rank
Credit Union
2Q2010
4Q2009
Members
Locations
Previous Rank
32
Mennonite Savings and Credit Union
697,128,962
666,361,107
17,191
8
32
42
Your Neighbourhood Credit Union
527,619,325
515,201,701
29,317
15
43
Post #28052
03-28-2011 11:10 PM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Average growth at Mennonite Savings but some nice results over at Your Neighbourhood during the last 6 months of 2010.
Largest 100 Credit Unions 4Q2010 March 2011 | Link
As of fourth quarter 2010, the 447 credit unions and caisses populaires outside of Quebec reported combined assets of $138 billion, a six-month increase of 2.2 per cent over second quarter of 2010.
The largest 100 credit unions and caisses populaires reported a slightly higher six-month growth rate of 3.4 per cent over mid-year 2010 results. At the end of 2010 the largest 100 credit unions reported assets of $116 billion. This group of credit unions now accounts for 83.7 percent of total system assets in the country (excluding Quebec).
Local Credit Union Statistics By Asset Size, Excluding Quebec
Current Rank
Credit Union
4Q2010
2Q2010
Growth
Members
Locations
Previous Rank
34
Mennonite Savings and Credit Union
712,867,170
697,128,962
2.25%
17,667
8
32
42
Your Neighbourhood Credit Union
552,892,704
527,619,325
4.79%
28,140
16
42
Post #35106
10-03-2011 10:01 AM
Unknown Author
Moderator Kitchener-Waterloo Joined Dec 2009 4563 posts
Mennonite Savings jumps back up a spot to #33...
Largest 100 Credit Unions 2Q2011 September 2011 | Link
As of second quarter 2011, the 434 credit unions and caisses populaires outside of Quebec reported combined assets of $145 billion, a six-month increase of 5.2 per cent over fourth quarter of 2010.
The largest 100 credit unions and caisses populaires continue to drive asset growth within the system, reporting a six-month growth rate of 6.1 per cent over year-end 2010 results. A large merger in the first six months of the fiscal year provided the extra boost in growth. Mergers continue to increase the proportion of system assets that the top 100 group controls. With reported assets of almost $123 billion, this group of credit unions now accounts for 84.4 percent of total system assets in the country (excluding Quebec).
Local Credit Union Statistics By Asset Size, Excluding Quebec
