For 2021, the number of credit union members decreased due to ongoing amalgamations, while system assets, equity and earnings all grew over the 2020 figures.
Alberta Central’s work in 2021 included a broad range of initiatives designed to deliver value to our membership:
Advancing the system
as a marketplace connector.
Supporting success and enabling
the system to thrive.
In 2022, Alberta Central will increase efforts to leverage existing partnerships and look for new ones, encourage system synergies, build stronger relationships, and show greater leadership. All of this is to grow our capabilities as a marketplace connector but more importantly, to support the success of our member credit unions.
We will do this by continuing to provide value to credit unions every day as the central banking facility and trade association and by providing services which are critical to credit union day-to-day operations. We will also continue to guide credit unions in payments modernization.
Looking to the future, we recognize the technology and digital landscape will continue to rapidly evolve and there will be fewer and larger credit unions, so therefore the need to optimize services will continue.
Our work will continue to be led by our five strategic guiding principles, ensuring that no matter what, we always do what is right for credit unions.