Our History
1934
Credit Union National Association (CUNA), the first credit union trade association in North America, forms. Madison, Wisconsin chosen as site for CUNA headquarters.
1937
Manitoba Premier John Bracken signs an amendment to the Companies Act, establishing the first legislation governing credit unions. Manitoba's first credit union is chartered in St. Malo (later became a caisse populaire).
1943
Manitoba credit unions found their first provincial organization – the Credit Union Federation of Manitoba (CUFA). The Federation joins CUNA's International Association of Credit Union Leagues and is closely aligned with CUNA in terms of information, forms, publications and procedures.
1944
Fifteen credit unions join together to found Manitoba Central Credit Union (MCCU) to provide financing services (liquidity pooling).
1950
Act to incorporate Co-operative Credit Society of Manitoba (CCSM) passes in legislature. CCSM brings the Credit Union Federation of Manitoba (promotion, education, public relations, group buying, field services, etc.) and the Manitoba Central Credit Union (financing/liquidity pooling) together under one organization.
1952
Twenty affiliated caisses populaires leave CCSM to join la Caisse Centrale de St. Boniface (later la Fédération des Caisses Populaires du Manitoba).
1953
Canadian Co-operative Credit Society (Credit Union Central of Canada), an umbrella organization for provincial co-operative credit societies, is incorporated.
1956
Credit Union League of Manitoba (CULM) is incorporated. Its function is similar to the former Credit Union Federation of Manitoba. Its bylaws state that the main managerial employee of CULM and CCSM be one and the same person. CCSM contracts staff, administration and office space from CCSM.
1963
Credit Union Financial Services (CUFS) (and CUFS Loan Corporation) form as subsidiary of CCSM to provide members with mortgage financing.
1964
CCSM moves to 171 Donald Street (the Crosstown Credit Union building, renamed The Credit Union Building), vacating space shared with CULM at 191 Provencher Blvd.
1969
The Credit Union Building at 171 Donald is expanded. CULM, CUNA Mutual and other affiliates move in.
1971
World Council of Credit Unions is founded. Credit Union League renamed League Services and operates as subsidiary of CCSM.
1979
Assets of CUFS are transferred to parent company, CCSM; League Services are also moved into CCSM proper. Amalgamated CCSM moves into new office tower at 215 Garry Street.
2004
Co-operative Credit Society of Manitoba legally renamed Credit Union Central of Manitoba.
2005
Credit Union Central of Manitoba moves into new, custom-built building at 317 Donald Street.