Assiniboine Credit Union wins Leadership in Co-operative Governance Award

    OTTAWA, June 17 /CNW Telbec/ - Manitoba's Assiniboine Credit Union is the
winner of the 2009 Leadership in Co-operative Governance Award, presented by
the Canadian Co-operative Association (CCA) to honour co-operatives and credit
unions that demonstrate excellence in board governance. The award was
presented to the chair of Assiniboine's Board of Directors, Garry Loewen, at
CCA's National Congress in Ottawa today.
    With more than $2.4 billion in assets and over 100,000 members,
Assiniboine is the ninth largest credit union in Canada. Based in Winnipeg, it
has 25 branches in all areas of that city as well as in Thompson and Gillam in
northern Manitoba.
    Assiniboine was chosen by an adjudication committee consisting of Debra
Brown, President and CEO of Brown Governance; Andy Poprawa, President and CEO
of the Deposit Insurance Corporation of Ontario and current chair of the
International Credit Union Regulators Network; and former CCA President Bill
    In choosing Assiniboine for the award, the adjudicators commended the
credit union's board for committing Assiniboine to "becoming a learning
organization." They praised Assiniboine's commitment to excellence in
governance as one of the organization's strategic goals to support its vision
of being the financial co-operative of choice. It was also noted that "the
board was committed to transparency in terms of policies and practices with a
robust approach to disclosure within its annual reporting framework." Finally,
the committee cited Assiniboine's process for choosing board members, "a
process that proactively attempts to balance members' rights to stand for
election to the board and ensuring that the board is composed of competent
people representative of a diverse membership."
    "After the hard work our organization has put into our governance work
these past few years, it is very affirming to be recognized for what we have
accomplished," said Chair Garry Loewen after receiving the award on behalf of
the Assiniboine Board. "It is particularly affirming to be recognized by the
lead organization for the co-operative movement - a movement whose principles
we strive constantly to embody and uphold."
    In presenting the award to Assiniboine, Jill Kelly, chair of CCA's
Governance Committee, noted the importance of governance in the co-operative
    "This award was created because we recognize that good governance and
leadership are decisive factors in the effectiveness and economic performance
of co-operatives and credit unions," she said. "CCA has made a concerted
effort to foster co-operatives and credit unions that are well-governed,
well-managed, economically sustainable and firmly focused on the delivery of
benefits to their members and the communities in which they operate."

    The deadline for submissions to the 2010 Leadership in Co-operative
Governance Awards is January 31, 2010. Go to for more information.

    The Canadian Co-operative Association is a national association for
co-operatives in Canada, representing more than nine million co-operative and
credit union members from over 2,000 organizations. CCA members come from many
sectors of the economy, including finance, insurance, agri-food and supply,
wholesale and retail, housing, health and the service sector. CCA provides
leadership to promote, develop, and unite co-operatives and credit unions for
the benefit of people in Canada and around the world.

For further information:

For further information: Donna Balkan, Communications Manager, Canadian
Co-operative Association, (613) 238-6711, ext. 206, Cell: (613) 314-1032,,; Randa Stewart,
Vice-President Marketing and Communication, Assiniboine Credit Union,
Winnipeg, MB, (204) 258-3506, Cell: (204) 479-7421,,

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