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The National Credit Union Awards highlight fresh and effective programs that emphasize local economic initiatives, innovative solutions that improve the effectiveness of the credit union, and the ambitions of tomorrow’s young leaders.

2006 Credit Union Award for Community Economic Development

Assiniboine Credit Union Helps Deliver Affordable Housing

In 2006, the Canadian credit union system presented the 18th Annual Community Economic Development Award to Manitoba’s Assiniboine Credit Union (ACU). In the mid 1990s, ACU responded to a member call to exercise leadership in addressing the housing crisis in Winnipeg’s inner city. The result is ACU’s Affordable Housing Program – an inspiring example of how to harness the power of co-operative principles. Through productive partnerships with non-profit neighbourhood groups, government agencies and other community builders, the credit union plays a key role in ensuring and sustaining equitable housing programs throughout Winnipeg.

Since 1997, ACU has provided more than $20 million in credit to assist in the development of over 500 affordable and special needs housing units. In addition, it has built productive relationships with many non-profit neighbourhood groups as well as with the three levels of government through Winnipeg Housing and Homeless Initiative (WHHI).