National Sector Results. Fourth Quarter 2018

National Sector Results Fourth Quarter 2018

National Sector Results Fourth Quarter 2018 Canadian credit unions ended 2018 with solid growth and a strong balance sheet. assets at Canadian Credit Union Association (CCUA) affiliated credit unions/caisses populaires rose by $16.3 billion, or 7.5 per cent, over a one-year period to reach $232.6 billion in the fourth quarter of 2018. Canadians had $196.8 billion on deposit with affiliated credit unions and caisses populaires, representing an increase of $12.7 billion or 6.9 per cent over fourth quarter 2017. Lending activity grew by 7.6 per cent. loans recorded close to a $14.1 billion gain over the previous year, with close to $198 billion in the portfolio at fourth quarter 2018. $250.0 $ Billions $200.0 $150.0 $100.0 $50.0 $0.0 4QTR17 1QTR18 2QTR18 3QTR18 4QTR18 Assets $216.253 $220.007 $225.240 $229.650 $232.561 Loans 183.932 186.583 191.071 194.968 197.997 Deposits 184.113 186.758 190.697 193.941 196.763 Assets Loans Deposits

Affiliated As of fourth quarter of 2018, there are 248 credit unions and caisses populaires in the sector. The decline in first quarter 2018 is partly due to the amalgamation of 12 caisses affiliated with L Alliance des caisse populaires de l Ontario Limitée joining together to form the single entity, Caisse Populaire Alliance, on January 1, 2018. 400 350 300 250 200 150 100 50 0 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Number Series1 of CUs 315 306 303 284 281 277 275 274 272 257 252 250 248

Credit Union Locations At the end of the fourth quarter of 2018, there are 1,771 locations in the credit union sector. 2,000 1,750 1,500 1,250 1,000 750 500 250 0 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Locations 1,819 1,818 1,812 1,805 1,807 1,813 1,819 1,804 1,799 1,781 1,775 1,773 1,771

Credit Union Membership Close to 5.8 million Canadians are members of an affiliated credit union or caisse populaire as of fourth quarter of 2018. 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 Membership - 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Series1 5,576,075 5,595,468 5,603,855 5,611,814 5,573,655 5,615,482 5,641,365 5,650,513 5,666,635 5,695,657 5,724,097 5,750,641 5,791,791 Sector Results is published quarterly by Canadian Credit Union Association. For editorial or general inquiries please contact: Sandra Brizland sbrizland@ccua.com Canadian Credit Union Association 151 Yonge Street, Suite 1000, Toronto, ON M5C 2W7 Tel: (416) 232-3420 FAX: (416) 232-9196 www.ccua.com

($ Millions) Province FOURTH QUARTER 2018 CREDIT UNION/CAISSE POPULAIRE SYSTEM RESULTS AFFILIATED CREDIT UNIONS & CAISSES POPULAIRES Saving/Deposits Loans Assets Credit Unions Locations Memberships British Columbia (1) $71,180 $69,707 $83,080 42 380 1,996,110 Alberta 21,834 22,964 26,591 18 197 628,046 Saskatchewan 20,257 19,299 23,799 44 247 481,124 Manitoba (2) 28,691 27,547 31,806 28 199 674,742 Ontario (3) 45,708 50,108 56,875 65 549 1,542,020 New Brunswick (4) 4,419 4,233 5,306 11 81 211,211 Nova Scotia 2,458 2,157 2,702 24 70 145,792 Prince Edward Island 1,051 956 1,151 7 12 49,342 Newfoundland & Labrador 1,164 1,027 1,251 9 36 63,404 TOTAL $196,763 $197,997 $232,561 248 1,771 5,791,791 NON-AFFILIATED CREDIT UNIONS & CAISSES POPULAIRES Populaires Ontario $5,258 $5,712 $6,482 11 48 133,127 Quebec $127,038 $149,024 $177,676 260 871 4,495,865 TOTAL (All) $132,297 $154,736 $184,158 271 919 4,628,992 Ontario $80 $53 $89 2 4 5,905 TOTAL $132,377 $154,790 $184,247 273 923 4,634,897 COMBINED CANADIAN CREDIT UNION & CAISSE POPULAIRE SYSTEM TOTAL $329,140 $352,786 $416,808 521 2,694 10,426,688 Above Figures do not include affiliated companies of the credit union system, such as Concentra Financial Inc., The CUM IS Group Ltd., The Co-operators Group Ltd. and Aviso Wealth. (1) B.C. results include a federal credit union (2) M anitoba results include a caisse populaire (3) Ontario results include a caisse populaire (4) New Brunswick results include a federal credit union.

AFFILIATED CREDIT UNION / CAISSE POPULAIRE SYSTEM RESULTS As of Fourth Quarter 2018 ($ Millions) Annual Growth Rate Assets Savings/Deposits Loans (Gross) Number of Number of Credit Union Locations Membership Growth over 4QTR17 4QTR18 Fourth Quarter 2017 $216,253 $232,561 7.5% $184,113 $196,763 6.9% $183,932 $197,997 7.6% 272 248-8.8% 1,799 1,771-1.6% 5,666,635 5,791,791 2.2% Quarterly Growth Rate Assets Savings/Deposits Loans (Gross) Number of Number of Credit Union Locations Membership 3QTR18 4QTR18 $229,650 $232,561 $193,941 $196,763 $194,968 $197,997 250 248 1,773 1,771 5,750,641 5,791,791 Growth over Third Quarter 2018 1.3% 1.5% 1.6% -0.8% -0.1% 0.7%

AFFILIATED CREDIT UNION & CAISSE POPULAIRE SYSTEM RESULTS QUATERLY GROWTH As of Fourth Quarter 2018 SAVINGS BC (3) $66,373 $68,025 $69,771 $70,583 $71,180 2.5% 2.6% 1.2% 0.8% AB 21,430 21,245 21,264 21,712 21,834-0.9% 0.1% 2.1% 0.6% SK 19,052 19,374 19,558 19,885 20,257 1.7% 0.9% 1.7% 1.9% MB (4) 27,257 27,507 27,809 28,343 28,691 0.9% 1.1% 1.9% 1.2% ON (5) 41,323 41,883 43,319 44,274 45,708 1.4% 3.4% 2.2% 3.2% NB (6) 4,216 4,251 4,379 4,451 4,419 0.8% 3.0% 1.6% -0.7% NS 2,333 2,334 2,391 2,461 2,458 2.4% 3.0% -0.1% PEI 994 1,003 1,049 1,071 1,051 0.9% 4.6% 2.1% -1.8% NL & LAB 1,134 1,136 1,157 1,160 1,164 0.1% 1.9% 0.3% 0.4% TOTAL $184,113 $186,758 $190,697 $193,941 $196,763 1.4% 2.1% 1.7% 1.5% LOANS BC (3) $65,297 $66,352 $67,719 $68,913 $69,707 1.6% 2.1% 1.8% 1.2% AB 21,908 21,965 22,384 22,689 22,964 0.3% 1.9% 1.4% 1.2% SK 18,267 18,573 18,882 19,167 19,299 1.7% 1.7% 1.5% 0.7% MB (4) 25,829 26,043 26,689 27,133 27,547 0.8% 2.5% 1.7% 1.5% ON (5) 44,659 45,645 47,334 48,855 50,108 2.2% 3.7% 3.2% 2.6% NB (6) 4,089 4,099 4,119 4,158 4,233 0.2% 0.5% 1.0% 1.8% NS 2,043 2,055 2,087 2,125 2,157 0.6% 1.6% 1.8% 1.5% PEI 852 855 856 907 956 0.4% 0.1% 6.0% 5.4% NL & LAB 989 995 1,002 1,020 1,027 0.7% 0.6% 1.8% 0.6% TOTAL $183,932 $186,583 $191,071 $194,968 $197,997 1.4% 2.4% 2.0% 1.6% BC (3) $77,063 $79,077 $81,072 $82,408 $83,080 2.6% 2.5% 1.6% 0.8% AB 25,460 25,479 25,988 26,416 26,591 0.1% 2.0% 1.6% 0.7% SK 22,437 22,817 23,095 23,458 23,799 1.7% 1.2% 1.6% 1.5% MB (4) 30,107 30,427 30,803 31,414 31,806 1.1% 1.2% 2.0% 1.2% ON (5) 51,283 52,257 54,016 55,540 56,875 1.9% 3.4% 2.8% 2.4% NB (6) 5,041 5,077 5,261 5,305 5,306 0.7% 3.6% 0.8% NS 2,558 2,558 2,620 2,693 2,702 2.4% 2.8% 0.3% PEI 1,087 1,094 1,143 1,169 1,151 0.7% 4.4% 2.3% -1.5% NL & LAB 1,219 1,221 1,243 1,248 1,251 0.2% 1.8% 0.4% 0.2% TOTAL $216,253 $220,007 $225,240 $229,650 $232,561 1.7% 2.4% 2.0% 1.3% (1) Quarterly growth rates compared growth rates with that of previous quarter. (2) Annual growth rates compare 4Q18 with 4Q17 (3) B.C. data includes a federal credit union. (4) M anitoba data includes caisse populaire results. (5) Ontario results include caisse populaire results (6) New Brunswick results include a federal credit union. ASSETS ($ Millions) 7.2% 1.9% 6.3% 5.3% 10.6% 4.8% 5.4% 5.8% 2.7% 6.9% 6.8% 4.8% 5.7% 6.6% 12.2% 3.5% 5.6% 12.2% 3.8% 7.6% 7.8% 4.4% 6.1% 5.6% 10.9% 5.3% 5.6% 5.9% 2.6% 7.5%

AFFILIATED CREDIT UNION & CAISSE POPULAIRE SYSTEM RESULTS QUATERLY GROWTH As of Fourth Quarter 2018 BC (3) 42 42 42 42 42 AB 22 21 20 19 18-4.5% -4.8% -5.0% -5.3% SK 46 44 44 44 44-4.3% MB (4) 32 31 29 28 28-3.1% -6.5% -3.4% ON (5) 79 68 66 66 65-13.9% -2.9% -1.5% NB (6) 11 11 11 11 11 NS 24 24 24 24 24 PEI 7 7 7 7 7 NL & LAB 9 9 9 9 9 TOTAL 272 257 252 250 248-5.5% -1.9% -0.8% -0.8% BC (3) 379 379 379 379 380 0.3% AB 197 197 198 197 197 0.5% -0.5% SK 250 247 247 247 247-1.2% MB (4) 211 203 201 200 199-3.8% -1.0% -0.5% -0.5% ON (5) 562 555 551 551 549-1.2% -0.7% -0.4% NB (6) 81 81 81 81 81 NS 70 70 70 70 70 PEI 13 13 12 12 12-7.7% NL & LAB 36 36 36 36 36 TOTAL 1,799 1,781 1,775 1,773 1,771-1.0% -0.3% -0.1% -0.1% BC (3) 1,964,814 1,978,503 1,982,512 1,989,592 1,996,110 0.7% 0.2% 0.4% 0.3% AB 608,879 609,761 611,414 610,877 628,046 0.1% 0.3% -0.1% 2.8% SK 476,628 476,708 478,152 479,907 481,124 0.3% 0.4% 0.3% MB (4) 665,049 667,562 670,262 674,028 674,742 0.4% 0.4% 0.6% 0.1% ON (5) 1,478,067 1,490,357 1,510,396 1,525,714 1,542,020 0.8% 1.3% 1.0% 1.1% NB (6) 213,505 213,684 212,728 212,150 211,211 0.1% -0.4% -0.3% -0.4% NS 146,121 145,991 145,621 145,603 145,792-0.1% -0.3% 0.1% PEI 49,600 49,481 49,481 49,259 49,342-0.2% -0.4% 0.2% NL & LAB 63,972 63,610 63,531 63,511 63,404-0.6% -0.1% -0.2% TOTAL 5,666,635 5,695,657 5,724,097 5,750,641 5,791,791 0.5% 0.5% 0.5% 0.7% (1) Quarterly growth rates compared growth rates with that of previous quarter. (2) Annual growth rates compare 4Q18 with 4Q17 (3) B.C. data include a federal credit union. (4) M anitoba data includes caisse populaire results. (5) Ontario results include caisse populaire results (6) New Brunswick results include a federal credit union. TOTAL CREDIT UNIONS/CAISSES POPULAIRES TOTAL LOCATIONS TOTAL MEMBERS -18.2% -4.3% -12.5% -17.7% -8.8% 0.3% -1.2% -5.7% -2.3% -7.7% -1.6% 1.6% 3.1% 0.9% 1.5% 4.3% -1.1% -0.2% -0.5% -0.9% 2.2%

NON-AFFILIATED CREDIT UNION & CAISSE POPULAIRE SYSTEM QUATERLY GROWTH ON $4,104 $4,166 $4,168 $4,268 $5,258 1.5% 0.1% 2.4% 23.2% QB $120,361 $122,119 $126,356 $126,323 $127,038 1.5% 3.5% 0.6% TOTAL $124,465 $126,285 $130,525 $130,591 $132,297 1.5% 3.4% 0.1% 1.3% ON $82 $85 $84 $82 $80 3.3% -0.4% -3.0% -1.8% TOTAL $124,547 $126,370 $130,609 $130,673 $132,377 1.5% 3.4% 1.3% ON $5,110 $5,208 $5,456 $5,611 $5,712 1.9% 4.8% 2.8% 1.8% QB $140,162 $141,662 $145,076 $147,179 $149,024 1.1% 2.4% 1.4% 1.3% TOTAL $145,272 $146,870 $150,532 $152,791 $154,736 1.1% 2.5% 1.5% 1.3% ON $53 $51 $51 $55 $53-2.8% 7.3% -3.1% TOTAL $145,325 $146,921 $150,583 $152,846 $154,790 1.1% 2.5% 1.5% 1.3% ON $5,863 $5,987 $6,230 $6,401 $6,482 2.1% 4.1% 2.7% 1.3% QB $168,726 $169,738 $174,522 $177,831 $177,676 0.6% 2.8% 1.9% -0.1% TOTAL $174,589 $175,725 $180,752 $184,232 $184,158 0.7% 2.9% 1.9% ON $92 $94 $94 $91 $89 2.3% -0.2% -2.8% -2.2% TOTAL $174,681 $175,818 $180,845 $184,323 $184,247 0.7% 2.9% 1.9% (1) Quarterly growth rates compared growth rates with that of previous quarter. (2) Annual growth rates compare 4Q18 with 4Q17 As of Fourth Quarter 2018 SAVINGS LOANS ASSETS ($ Millions) 28.1% 5.5% 6.3% -2.0% 6.3% 11.8% 6.3% 6.5% 0.9% 6.5% 10.6% 5.3% 5.5% -2.9% 5.5%

NON-AFFILIATED CREDIT UNION & CAISSE POPULAIRE SYSTEM ON 12 11 11 11 11-8.3% QB 281 260 260 260 260-7.5% TOTAL 293 271 271 271 271-7.5% ON 2 2 2 2 2 TOTAL 295 273 273 273 273-7.5% ON 50 50 50 49 48-2.0% -2.0% QB 934 917 894 877 871-1.8% -2.5% -1.9% -0.7% TOTAL 984 967 944 926 919-1.7% -2.4% -1.9% -0.8% ON 4 4 4 4 4 TOTAL 988 971 948 930 923-1.7% -2.4% -1.9% 4.0% ON 135,728 132,652 132,516 133,127 133,127-2.3% -0.1% 0.5% -1.9% QB 4,448,141 4,446,869 4,459,263 4,480,698 4,495,865 0.3% 0.5% 0.3% TOTAL 4,583,869 4,579,521 4,591,779 4,613,825 4,628,992-0.1% 0.3% 0.5% 0.3% ON 6,621 6,503 6,350 6,037 5,905-1.8% -2.4% -4.9% -2.2% TOTAL 4,590,490 4,586,024 4,598,129 4,619,862 4,634,897-0.1% 0.3% 0.5% 0.3% (1) Quarterly growth rates compared growth rates with that of previous quarter. (2) Annual growth rates compare 4Q18 with 4Q17 QUATERLY GROWTH As of Fourth Quarter 2018 TOTAL CAISSES POPULAIRES TOTAL LOCATIONS TOTAL MEMBERS -8.3% -7.5% -7.5% -7.5% -4.0% -6.7% -6.6% -6.6% -1.9% 1.1% 1.0% -10.8% 1.0%