2025 Impact Report

In a rapidly changing world, Canadian credit unions help their members and communities navigate global currents with local care. This report highlights how CUMIS and Co-operators strengthen the credit union system to build a better tomorrow.

Credit unions:

Creating value for Canadians in an evolving world

Across Canada, credit unions are leading by example, demonstrating what it means to prioritize people and communities.

In honour of the United Nations’ International Year of Cooperatives in 2025, we’re proud to showcase the impact of our credit union partners. By spotlighting their work, we celebrate not only their achievements, but also the co-operative difference that strengthens our collective future.

Northern Credit Union

With a commitment to employee volunteerism, community centre initiatives and relationship-based lending that nurtures entrepreneurial growth, Northern demonstrates that banking can be both personal and community-centered.

See Northern’s impact in action


Vancity

Founded in 1946 to expand fair access to banking at a time when many were excluded, Vancity has been showing what’s possible when financial success is shared.

How they’re making an impact

30% of net profits

go back to members and communities each year to fuel initiatives that strengthen communities and improve lives.

5,658 affordable rental homes

have been created since 2011 through the Vancity Affordable Community Housing Program.

Climate action:

Helping members cut emissions; advocating for fair transition policy; and targeting net-zero across all mortgages and loans by 2040.

Reconciliation:

Working with Indigenous partners, communities and businesses to create programs and services.

Financial inclusion:

Supporting newcomers and refugees by partnering with community organizations.


Conexus Credit Union

When wildfires devastated Saskatchewan, Conexus along with Cornerstone and Synergy Credit Unions came together to demonstrate the true strength of co-operation.

“The collaboration we’ve seen during the wildfire response is a powerful example of what we can achieve together.”

Celina Philpot

CEO of Conexus

How they made a difference

Together, all three credit unions contributed $150,000 to the Canadian Red Cross 2025 Saskatchewan Wildfires Appeal, which provided:

Immediate relief for evacuees and host communities

Financial assistance and recovery programs for those impacted

Long-term strategies for preparedness and risk reduction

Tailored financial solutions to help members navigate uncertainty

Get to know our other credit unions partners.

Building a resilient future for Canada’s credit unions

Credit unions are navigating growing pressures that are reshaping how they operate, including:

  • Increased regulatory demands
  • Shifting capital requirements
  • Rising compliance costs
  • The need for greater operational scale

To support credit unions through this period of change, CUMIS and Co-operators are building a stronger, more resilient credit union system. We endeavour to be an unwavering force, driving the success and resilience of credit unions across Canada.


From our leaders

Rob Wesseling

President and CEO of Co-operators

“Our commitment remains steadfast: to be a resilient, values-based partner for credit unions, their communities and Canadians.”

Zack Fuerstenberg

Senior VP and President of Credit Union and Speciality Market Distribution

“Our commitment is to empower credit unions with the knowledge and support they need to navigate the complexities facing the financial services industry.”

Alec Blundell

EVP and COO of Co-operators Life Insurance Company and CUMIS

“For credit unions we are a trusted partner, helping generate additional non-interest revenue to strengthen their financial success.”


2025 Highlights

We proudly partner with 169 credit unions.

We supported more than 335,900 claimants over the last 10 years, delivering crucial assistance when needed most.

We safeguarded $24.8 billion in loans nationwide, providing unmatched protection and security.

We distributed more than $2.28 billion in compensation and claims payments to credit unions and their members in the past decade.

Dive deeper into our Impact Report

Get the full picture of how we support our credit union partners, their members and communities in a rapidly changing world.

Download the report

Download past reports

2024 Impact Report

2023 Impact Report