we are your - cambrian

20162016 Annual Report

We are your

We are your

Cambrian History 20

Financial Summary 21

Corporate Information 28

Financial Highlights 2

Introduction 4

Report to Members 10

Financial Highlights

Comparative 5-Year Chart(THOUSANDS OF DOLLARS) 2016 2015 2014 2013 2012

Assets 3,468,031 3,287,985 3,094,775 2,947,282 2,764,226

% Growth 5.48% 6.24% 5.00% 6.62% 15.25%

Net Interest Income 40,235 40,012 40,767 39,037 34,865

Provision for Loan Loss 720 600 -272 29 38

39,515 39,412 41,039 39,008 34,827

Other Income 19,712 19,561 19,163 17,099 18,124

59,227 58,973 60,202 56,107 52,951

Operating Expenses 33,020 31,923 30,755 29,717 28,262

Income from Operations 26,207 27,050 29,447 26,390 24,689

Refunded Service Fees 4,911 4,674 4,426 4,173 3,892

Income Tax 3,618 3,805 5,176 3,895 2,294

Net Income 17,678 18,571 19,845 18,322 18,503

Regulatory Share Capital 9,602 9,717 9,820 9,849 9,904

As a % of assets 0.28% 0.30% 0.32% 0.33% 0.36%

Retained Earnings 229,557 212,156 193,881 174,355 156,351

As a % of assets 6.62% 6.45% 6.26% 5.92% 5.66%

Regulatory Equity

as a % of assets 6.90% 6.75% 6.58% 6.25% 6.01%

Efficiency Ratio 55.08% 53.59% 51.32% 52.94% 53.34%

2 Cambrian Credit Union 2016 Annual Report

Efficiency Ratio(OPERATING EXPENSES AS A % OF REVENUES)

100

95

90

85

80

75

70

65

60

55

50

45

40

35

30

25

0~~

Assets (IN MILLIONS)

3500

3400

3300

3200

3100

3000

2900

2800

2700

2600

2500

2400

2300

2200

2100

2000

1900

012 13 14 15 16

~~12 13 14 15 16 12 13 14 15 16

12 13 14 15 1612 13 14 15 1612 13 14 15 16

Deposits (IN MILLIONS)

3300

3200

3100

3000

2900

2800

2700

2600

2500

2400

2300

2200

2100

2000

1900

1800

1600

0~~

Regulatory Equity (IN MILLIONS)

240

230

220

210

200

190

180

170

160

150

140

130

120

110

100

90

80

0~~

Loans (IN MILLIONS)

2900

2800

2700

2600

2500

2400

2300

2200

2100

2000

1900

1800

1700

1600

1500

1400

1300

0~~

Net Income (IN MILLIONS)

20

19

18

17

16

15

14

13

12

11

10

9

8

7

6

5

4

0~~

3Cambrian Credit Union 2016 Annual Report

Yourat a glance

Pillars of Success• Strong financial foundation• Disciplined financial management• Diligent risk management

By the Numbers• Deposit growth 5.14%• Loan growth 3.95%• Asset growth 5.48%• Membership growth 505


Financial Highlights• Assets $3.468 billion• Net Income $17.678 million• Efficiency Ratio 55.08%• Loans $2.872 billion

• Deposits $3.211 billion• Total Regulatory Equity

$239.159 million – 6.90% of assets• Retained Earnings

$229.557 million – 6.62% of assets

Value to Members• The Unfee • 5 years old • $4.911 million saved in 2016 • Over $25 million since inception in 2011• Green for Green • Sign up to receive document online • Get $1.00 every month!

• Pay Off Loan • Over 1,200 members took advantage of our Pay Off Loan • Received almost $300,000 in Pay Offs


Community Citizenship• Focused on financial literacy• 12 Educational Bursaries

Awarded

• $215,000 in donations to 37 charitable organizations

• $170,000 in sponsorships to 45 community organizations in Winnipeg & Selkirk

Member Satisfaction• 96.2% of members are satisfied or

highly satisfied with their overall experience at Cambrian

• 98% would recommend Cambrian to their friends & family

Innovative Spirit • Updated versions of CambrianMobile and

AchievaMobile for improved log in access• New “Open an Account” application in

CambrianMobile app• New website for Cambrian

Retail Operations• 11 branches in Winnipeg & Selkirk• Dedicated branch employees• Relocated Pembina to Grant Park


Achieva Financial – Grow with Confidence• 18 years old• New brand refresh –

new colours & logo

• New website• Referral program

Wealth Management• Assets under administration grew

$490.25 million or 11.3%• 10 advisors to help you with your needs

Commercial• 100’s of Manitoba businesses choose Cambrian• Seasoned commercial account managers


2016 Donations ListAlpha House

Alzheimer Society of Manitoba

Asper Business School Foundation

Assiniboine Park Conservancy Inc.

Canada’s Royal Winnipeg Ballet

Cerebral Palsy Association of Manitoba

Christmas L.I.T.E.

Co-op Development Foundation of Canada

Folklorama Scholarships

Fort Whyte Alive

Habitat for Humanity

Jocelyn House

Lockport and St. Andrews school libraries

Lubov SSMI Foundation – Holy Family Home

Manitoba Children’s Museum

Manitoba Opera

Manitoba Theatre for Young People

North Kildonan United Church

Nova House – Selkirk

Prairie Theatre Exchange

Royal Manitoba Theatre Centre

St. Amant Foundation

Selkirk and District Community Foundation

Siloam Mission

The Manitoba Museum

The Salvation Army

True Patriot Love Foundation

United Way Winnipeg

University of Manitoba

Variety, the Children’s Charity

Westminster Housing Society

Winnipeg Art Gallery

Winnipeg Harvest

Winnipeg Music Festival

Winnipeg Symphony Orchestra

in the community


2016 SponsorshipsCambrian’s Learning for Life Scholarships

Canad Inns Picnic in the Park

Canadian Hemophilia Society

Canadian Women’s Foundation – Hands to Heart Yoga Event

CancerCare Manitoba Foundation – Gold-Plated Evening

Child Nutrition Council – Stone Soup Luncheon

Co-operative Development Foundation Canada

Commerce Students’ Association Business Banquet

Folklorama

FortWhyte Alive

Keeping the Fires Burning

Manitoba High Schools Athletics Association

Manitoba Summer Games

Pink Ribbon Golf Tournament

Salvation Army – Hope in the City Breakfast

Triple S Fair and Rodeo

True North Foundation

United Way of Winnipeg Golf Tournament

University of Winnipeg, Coop Sponsorship Program

Variety, The Children’s Charity – Camp Brereton

Winnipeg Blue Bombers

Winnipeg Goldeyes

Winnipeg Humane Society – Bow Wow Ball

Winnipeg Foundation – Aboriginal Scholarship Award

Winnipeg Youth Soccer Association

in the community


NET INCOME 17.678 million ASSET GROWTH 5.48% EFFICIENCY RATIO 55.08%

Report to Members From the Board and Management of Cambrian Credit Union


Another Successful YearThe market environment for financial services continues to be challenging due to a low-growth economy, low interest rates, and periods of market volatility. We’re proud to say that Cambrian has once again had a successful year in 2016 managing through these conditions and being driven to ensuring our financial foundation is always strong. We stay committed to disciplined financial management focused on high-quality growth, with carefully managed exposure to risk. We are pleased to present the following results.

Last year’s deposit growth was $156.942 million or 5.14 per cent; our loan growth was $109.145 million, up 3.95 per cent from the previous year; and our assets grew by $180.046 million, finishing the year with 5.48 per cent growth to $3.468 billion. Finally, our net income ended the year at $17.678 million.

Cambrian is driven to ensure our financial foundation is always strong.

Our capital position continued to strengthen in 2016 with total regulatory equity reaching $239.159 million, which is 6.90 per cent of assets, or 14.57 per cent of risk weighted assets. Our retained earnings, the highest quality equity to possess, continued to increase in 2016, ending the year at $229.557 million and representing 6.62 per cent of our assets.


Value for Our MembersBeing a member of Cambrian means that you can expect to receive exceptional value from our relationship. 2016 represented the fifth anniversary of our launch of The Unfee, which refunds standard transaction and monthly package fees every month to those who have a recurring direct deposit. The Unfee sets us apart from all other financial institutions and in 2016 we Unfee’d the highest annual dollar amount yet, refunding $4.911 million in service fees back to our members. We have refunded over $25 million since the program launched in April of 2011. Our Green for Green electronic documents program also provides value, and helps our environment, by paying our members $1 every month when they opt to receive their documents through online banking. Also in 2016, we paid 3.30 per cent in dividends on outstanding shares to members.

We can provide this value to our members because we remain focused on efficiency while continuing to provide industry-leading service to our members. Our efficiency ratio, which measures the amount of expense incurred for every dollar of revenue earned, was 55.08 per cent in 2016. We’re proud to say that we continue to be one of the most efficient credit unions in Canada.

It is our value that makes Cambrian the top choice of many Manitobans and our net membership continues to grow as a result. In 2016 our overall membership increased by 505 individuals.

Board of Directors

ROSE MARIE COUTURE Director

ALAN CURD Director

KEN K. LAMOUREUX Chair

PAUL HOLDEN Vice-Chair

HOWARD FALK Director


An Eye on the FutureWhile our main focus is working with our members on a daily basis, we always keep an eye on how the world is changing in order to remain a leader in Manitoban financial services. One of our five core values at Cambrian is our innovative spirit, and we are making regular investments to improve the way we can serve our members today and in the future. Technology is moving quickly, but we are keen to remain on the cutting edge, making sure that the systems we implement are right for our members, but most importantly, secure.

In 2016 we launched new websites for both Cambrian and Achieva Financial that are easier to navigate and are more accessible on all electronic devices, allowing our members to conduct their business any time from any location they choose.

We also launched new versions of CambrianMobile and AchievaMobile, improving member and customer experiences in his channel. In addition, we introduced the ability to manage the entire new membership

application process using Cambrian’s mobile app. New members can securely apply for Cambrian membership, verify their information, and deposit their first cheque using Remote Deposit Capture. The entire process is safe and secure, and can be done in less than ten minutes using an Apple or Android smartphone or tablet. There are very few institutions in Canada that offer this ability, and we’re proud to be able to give our new members this convenient option.

CINDY GENYK Director

JUDY MATHIESON Director

AURORE STACKERDirector

VALERIE ROMANOW Director

We launched new versions of CambrianMobile and AchievaMobile.


Executive Management

We are also committed to making sure our branch network is prepared to meet the needs of our members, both now and in the future. In 2016 we relocated our Pembina branch to a new site at 1200 Grant Avenue in the Grant Park Shopping Centre. The new location is spacious and modern, and is easily accessible by both car and transit with plenty of parking. Most importantly, the Grant Park branch gives your credit union plenty of room to grow in the future.

Beyond Daily BankingAt Cambrian we believe that banking should meet the needs of our individual members, not the other way around. Whether you’re starting your own business, saving for retirement, or would prefer a more self-managed approach to banking, we’re proud to offer a number of options beyond our chequing accounts that allow for a customized banking experience.

A pioneer in the virtual financial services industry, our virtual division Achieva Financial has allowed its customers to grow their savings with confidence since 1998. Our deposit rates continue to lead the market, and as always, every dollar on deposit with Achieva Financial is fully guaranteed through the Deposit Guarantee Corporation of Manitoba.

TOM BRYK President & Chief Executive Officer

JIM GRAPENTINE Chief Operating & Risk Officer

BRUCE FINK Chief Financial Officer

DAVID MORTIMER Chief Member Services & Strategy Officer and President, Achieva Financial

We relocated our Pembina branch to a new site at 1200 Grant Avenue in the Grant Park Shopping Centre.


2016 was another big year for Achieva Financial. After 18 years of growth and success, Achieva Financial unveiled a new, modern logo design in 2016 that stays true to our roots and highlights the successes we and our customers have had over the years. Our new tag line “Grow with Confidence” references the strong history of Achieva Financial while the new logo, website, and mobile application are modern, clean, and more functional. Our customers responded by continuing to build their deposit portfolios and by referring their friends and family to Achieva. Our referral program continues to be a strong source of new customers, and we continued to reward those who referred friends and family with a cash deposit to their savings account.

For those who require more comprehensive investing advice, our Investment Services team once again proved the value of their expertise in a market defined by volatility. Our assets under administration grew to over $490.25 million or an increase of 11.3% over 2015. No matter the investment goal, the members of our experienced team of Wealth Management professionals have the skills and understanding to customize an investment strategy that meets the individual needs of our members.

Manitoba-based businesses are at the heart of our economy, and at Cambrian we understand the complexities that come from managing a business. Our Commercial Services team is proud to live and work in our community and understands the marketplace in which your business operates. From the unique needs of the entrepreneur, to large commercial projects, our commercial services professionals provide personalized service that is unique to your business, and we are proud of their accomplishments over the past year.

Our Commercial Services team is proud to live and work in our community and understands the marketplace in which your business operates.


Our PeopleCambrian would not be where we are today were it not for the over 270 individuals who work hard across all aspects of our business to make our members’ dreams come true. From the Board of Directors, to management, to every one of our employees, we work as a team every day to deliver the exceptional value that our members have come to expect. 2016 was another successful year, and we know that the dedication of our team will continue to drive our results into the future.

As Cambrian members themselves, our Board of Directors have a personal interest in ensuring that our credit union is successful today as well as into the future. To ensure this, the Board meets regularly to help set policy and direct corporate strategy as well as ensure that we maintain a disciplined approach to our business. Through the guidance of the Board, Cambrian has continued to operate at a very high level relative to our competition throughout the years, and this was once again the case in 2016.

Senior Management

DARELL CLAEYS Vice-President, Retail Sales & Service

PAMELA PLASTER Vice-President, Commercial & Small Business Banking

LYNNE MACKAN-ROY Senior Vice-President, Information Systems & Technology

RICK MALE Vice-President, Retail Credit & Support Services

CHRISTINA SEMANIUK Vice-President, Human Resources

KIM WENTZ Vice-President, Marketing & Communications


Our MembersThank you for rewarding us with your business. It is because of our members that we have grown into the successful organization that we are today. We remain committed to you because of the trust and commitment that you have shown us, and we will continue to provide you with quality financial products and services now and into the future. 2016 was an exceptional year and we are looking forward to the months and years ahead.

On behalf of the board, On behalf of management,

Ken K. Lamoureux, ACCUD, CGEIT I.S.P Tom Bryk, FCPA, FCA, ICD.D

Board Chair President & Chief Executive Officer

The management team works on a daily basis to make Cambrian successful. They lead our talented employee group and work with the Board to bring Cambrian’s strategic vision to life.

Our staff are our most important resource and dedicate themselves to working with our members to build a solid financial foundation in order to make their dreams come true. It is because of them that Cambrian is successful, and we know that with the changing environment in financial services that we are asking more and more of their skills each day. It is our goal to engage and challenge our employees to help them reach their full potential, and we offer a number of opportunities for personal and professional development as well as maintaining a policy of open communication with management. We are very proud of each of our employees, and appreciate all that they did for Cambrian in 2016.

Our staff are our most important resource and dedicate themselves to working with our members to build a solid financial foundation.


2016 Board of Directors Meeting Attendance

KEN K. LAMOUREUXCHAIR

Term Expires: 2019

Attendance Record(ATTENDED/POSSIBLE)

Board Meetings: 9/9 Committee Meetings: 4/4

PAUL HOLDEN VICE-CHAIR

Term Expires: 2017



ROSE MARIE COUTURETerm Expires: 2017



ALAN CURD Term Expires: 2017



HOWARD FALKTerm Expires: 2018



CINDY GENYKTerm Expires: 2019



Elected Apr 20/16

JUDY MATHIESONTerm Expires: 2019



Elected Apr 20/16

VALERIE ROMANOWTerm Expires: 2018



AURORE STACKERTerm Expires: 2018



CHERRY KARPYSHINTerm Expired: 2016



Not re-elected Apr 20/16

SHAUNA MACKENZIE-SYKESTerm Expired: 2016



Retired Apr 20/16


Governance CommitteeThe role of the Governance Committee is to ensure the continuity of sound and prudent corporate governance. Their responsibilities include conducting the annual Board of Directors nomination process and Board evaluation process.

Audit CommitteeThe Audit Committee assists the Board in fulfilling its oversight responsibilities. These responsibilities include ensuring the integrity and accuracy of financial reporting systems and controls, ensuring effective risk management is in place, and overseeing the relationship with and performance of external auditors.

Risk Oversight Committee The Risk Oversight Committee is established by the Board to properly align with management to fulfill the requirements of our established risk management policy. Their primary responsibility is to oversee and approve the Enterprise Risk Management Strategy.

Nominating Committee

COMMITTEES OF THE BOARD OF DIRECTORS

MEMBERS:Alan Curd, BSc (Econ) (Hon) – Chair Rose Marie Couture Paul Holden, MNRM, B.A. (Adv.) Aurore Stacker, BSc, PMP, FLMI

MEMBERS:Howard Falk, CPA, CGA – Chair Judy Mathieson, MBA, FCPA, FCMA Valerie Romanow Aurore Stacker, BSc, PMP, FLMI

MEMBERS:Valerie Romanow – Chair Cindy Genyk, MSc. IT, PMP Howard Falk, CPA, CGA Alan Curd, BSc (Econ) (Hon)

MEMBERS:Rose Marie Couture – Chair Howard Falk, CPA, CGA Cindy Genyk, MSc. IT, PMP Valerie Romanow


Since 1959, Cambrian has grown partly through mergers with other credit unions to become one of Manitoba’s largest credit unions.

Every merger represented a coming together for one purpose only – to meet members’ ever changing needs.

Year Mergers

1998 Manitoba Teachers’ Credit Union

1988 Heritage (Holy Cross) - Norwood/St. Boniface Legion - Canada Packers, Foundry, Westeel, Kane Equipment, Campus, Shell, Holy Family, Norwood - Winakwa, St. Eugene

1986 Cambrian Credit Union – name change to reflect strength and diversity of the organization

1985 Canadian Foresters (St. John) - Eagles

1982 Italia (Holy Rosary) - Netherlands

1981 Selkirk Industrial (Manitoba Rolling Mills)

1980 Winnipeg Terminal - West End, Stovel-Advocate, Paper Products, Winnipeg General Hospital, Paulin Chambers - Weston Bakeries - Public Press - Manitoba Bridge & Engineering - Railwaymen’s - Unicity (CB of RT & GW) - Commercial Telegraphers - Starlink - Filipino

1979 Building Products - Swift Canadian

1977 Winnipeg South - Ignatius - Brebeuf, Cornish, Winnipeg Municipal Hospital - Christie Brown - Strotco

1970 Selkirk

1970s Sherwilco - Continental Can - Moore Business Forms - Iron Workers - Winnipeg Housewives

1962 Manitoba Co-Op Wholesale

1960s MCI - Ideal Brass

Our predecessors

1957 Co-operators Credit Union

1953 Service Credit Union

Cambrian History


2016Financial Statements


To the Members of Cambrian Credit Union LimitedThe accompanying summary financial statements, which comprise the summary statement of financial position as at December 31, 2016 and the summary statements of income and comprehensive income, changes in members’ equity and cash flows for the year then ended, are derived from the audited financial statements of Cambrian Credit Union Limited for the year ended December 31, 2016. We expressed an unmodified audit opinion on those financial statements in our report dated March 15, 2017.

The summary financial statements do not contain all the disclosures required by International Financial Reporting Standards as issued by the Accounting Standards Board. Reading the summary financial statements, therefore, is not a substitute for reading the audited financial statements of Cambrian Credit Union Limited.

Management’s Responsibility for the Summary Financial StatementsManagement is responsible for the preparation of a summary of the audited financial statements on the basis described in Note 1.

Auditor’s ResponsibilityOur responsibility is to express an opinion on the summary financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standards (“CAS”) 810, “Engagements to Report on Summary Financial Statements”.

OpinionIn our opinion, the summary financial statements derived from the audited financial statements of Cambrian Credit Union Limited for the year ended December 31, 2016 are a fair summary of those financial statements, on the basis described in Note 1.

Chartered Professional Accountants Winnipeg, Canada

MARCH 15, 2017

Report of the Independent Auditor on the Summary Financial Statements


Summary Statement of Financial Position

As at December 31, 2016

(IN THOUSANDS OF DOLLARS) 2016 2015

AssetsCash on hand 5,054 6,121 Investments and deposits 569,747 499,736 Loans outstanding – net of allowance for loss 2,871,815 2,762,670Other assets 2,638 3,185Deferred income tax asset 46 –Investment property 584 584Property, equipment and intangible asset 18,147 15,689

3,468,031 3,287,985

Liabilities Savings and deposits 3,211,423 3,054,481Members’ shares 1,357 1,387Accounts payable and accrued liabilities 11,751 7,852Finance lease payable 5,698 3,619Deferred income tax liability – 160

3,230,229 3,067,499

Members’ Equity Shares to be issued 277 296 Members’ shares 7,968 8,034 Retained earnings 229,557 212,156

237,802 220,486

3,468,031 3,287,985

Approved by the Board of Directors

Ken K. Lamoureux, ACCUD, CGEIT, I.S.P Howard Falk, CPA, CGA Board Chair Audit Committee Chair

A full set of the financial statements including significant accounting policies and other explanatory information is available from Cambrian Credit Union Limited or at www.cambrian.mb.ca.

The accompanying notes are an integral part of these financial statements.



Interest incomeMembers’ loans 89,613 90,237Investments 9,505 9,000

99,118 99,237

Interest expenseSavings and deposits 58,883 59,225

Net interest income 40,235 40,012Provision for loan loss 720 600Other income 19,712 19,561

Net interest and other income after provision for loan loss 59,227 58,973

Operating expenses Salaries and employee benefits 17,686 17,345Administration 6,954 6,649Premises 3,775 3,653Member security 2,687 2,542Organizational 1,918 1,734

33,020 31,923

Income before refunded service fees and income taxes 26,207 27,050Refunded service fees (4,911 ) (4,674 )

Net income before income taxes 21,296 22,376Provision for income taxes (3,618 ) (3,805 )

Net income and comprehensive income for the year 17,678 18,571

Summary Statement of Income and Comprehensive Income

For the year ended December 31, 2016




Summary Statement of Changes in Members’ Equity


(IN THOUSANDS OF DOLLARS) Total Shares to Members’ Retained members’ be issued shares earnings equity

Balance at January 1, 2016 296 8,034 212,156 220,486

Net income and comprehensive income for the year – – 17,678 17,678Dividends 277 – (277 ) –Members’ shares issued (296 ) 296 – –Members’ shares redeemed – (362 ) – (362 )

Balance at December 31, 2016 277 7,968 229,557 237,802

Balance at January 1, 2015 319 8,071 193,881 202,271

Net income and comprehensive income for the year – – 18,571 18,571Dividends 296 – (296 ) –Members’ shares issued (319 ) 319 – –Members’ shares redeemed – (356 ) – (356 )

Balance at December 31, 2015 296 8,034 212,156 220,486




Summary Statement of Cash Flows



Cash provided by (used in) Operating activities Loans issued (485,150 ) (508,681 )Loans repaid 375,104 331,341

Net loans to members (110,046 ) (177,340 )Increase in members’ savings and deposits 157,701 177,795Interest received 99,176 99,409Interest paid (59,633 ) (59,667 )Payments to suppliers and employees (27,435 ) (31,017 )Other income received 19,712 19,561Income taxes paid (3,151 ) (6,398 )

Cash provided by operating activities 76,324 22,343

Investing activities Increase in investments and deposits (69,888 ) (15,859 )Additions to property and equipment (2,192 ) (1,120 )

Cash used in investing activities (72,080 ) (16,979 )

Financing activities Redemption of surplus and common shares (5,314 ) (5,085 )Issuance of common shares – membership 3 2

Cash used in financing activities (5,311 ) (5,083 )

Net (decrease) increase in cash during the year (1,067 ) 281Cash on hand – Beginning of year 6,121 5,840

Cash on hand – End of year 5,054 6,121




Summary Financial Statements

December 31, 2016

1. Basis of presentationThese summary financial statements have been derived from the audited financial statements of Cambrian Credit Union Limited (the Credit Union) for the year ended December 31, 2016.

The criteria developed by management for the preparation of the summary financial statements is as follows: that the information included in the summarized financial statements is in agreement with the related information in the complete financial statements, and that the summarized financial statements contain the information necessary to avoid distorting or obscuring matters disclosed in the related complete financial statements, including the notes thereto, in all material respects.

A full set of the financial statements including significant accounting policies and other explanatory information is available from the Credit Union or at www.cambrian.mb.ca.

2. Compliance with minimum capital and liquidity requirements

The Credit Union is in compliance with the capital and liquidity reserve requirements at December 31, 2016 established by the Regulations to The Credit Unions and Caisses Populaires Act of Manitoba.

Readers of the summary financial statements are advised that in order to appropriately interpret the Credit Union’s capital and liquidity, the reader must refer to the audited financial statements and notes for the year ended December 31, 2016, which contain further information regarding the capital and liquidity reserve requirements.


SENIOR MANAGEMENT Tom Bryk President & Chief Executive Officer

Bruce Fink Chief Financial Officer

Jim Grapentine Chief Operating & Risk Officer

David Mortimer Chief Member Services & Strategy Officer President, Achieva Financial

Darell Claeys Vice-President, Retail Sales & Service

Lynne Mackan-Roy Senior Vice-President, Information Systems & Technology

Rick Male Vice-President, Retail Credit & Support Services

Pam Plaster Vice-President, Commercial & Small Business Banking

Christina Semaniuk Vice-President, Human Resources

Kim Wentz Vice-President, Marketing & Communications

Head Office 225 Broadway Winnipeg, Manitoba R3C 5R4 (204) 925-2600

Corporate Information


CREDENTIAL SECURITIES/CREDENTIAL ASSET MANAGEMENT

1-225 Broadway (204) 925-7510

David MacRae, CFP Investment Services Manager

ACHIEVA FINANCIAL – A DIVISION OF CAMBRIAN CREDIT UNION

255 Marion Street (204) 925-2740

Sherri Toporoski Customer Service Manager

MANAGER/BRANCH

Lorne Warren – Bison 60 Bison Drive (204) 925-2660

Bonnie McKissock – Ellice 1-1085 Ellice Avenue (204) 925-2650

David Ross – Grant Park 1200 Grant Avenue (204) 925-2670

Maggie Kubas – Henderson 1366 Henderson Highway (204) 925-2630

Glenn Solar – Marion Street 255 Marion Street (204) 925-2620

Cheryl Jones – McPhillips 2136 McPhillips Street (204) 925-2640

Craig Giesbrecht – Regent 100-855 Regent Avenue (204) 925-2755

Mandy Bachynski – St. James 1-3421 Portage Avenue (204) 925-2748

Cindy Gerry – St. Vital 1602 St. Mary’s Road (204) 925-2680

Craig Giesbrecht – Selkirk 282 Main Street, Selkirk (204) 482-1810

David Gregg – Southdale Square 190-115 Vermillion Road (204) 925-2690

we are your - cambrian

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