Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 13, 2012, Winnipeg, Manitoba C M Y K PAGE A4 A 4 WEDNESDAY, JUNE 13, 2012 TOP NEWS winnipegfreepress. com CLASSIFIED IS ON- LINE AT www. winnipegfreepress. com Garden City Th .. .. .. .. .. .. t .. th .. .. .. wh .. t .. .. .. .. t .. .. s .. .. t .. .. s t .. .. e .. uc .. t .. .. .. .. .. .. of .. .. .. e .. .. .. .. .. .. .. r .. .. ves, .. .. r .. .. .. .. .. ies .. n .. .. .. r c .. .. .. .. .. .. ty... Women's 10K: Dayna Graham Ami Samuel 3. Diane Watt Women's 5K: Nancy Rowsell Allison Veness 3. Leslie Lepp Congratulations to our winners & participants Find us on Facebook for photos! Find full participant times at: www. wellnessinstitute. ca Thank you to our 2012 Commit to Get Fit sponsors McPhillips Wome 1. Da 2. Wome 1. Na 2. Al Congratulation partic fo Men's 10K: 1. Dean Bear 2. Michael Groot 3. Craig Desjarlais Men's 5K: 1. Matt Harrison 2. Don Bevington 3. 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Gibbard dining room suite * Gibbard nesting tables * 2pc. Gibbard coffee table set * Pink leather sofa & love seat * Carved wood plant stand * assort. artificial plants * 2- pallets of books * plus lots of misc. items too numerous to mention. Boat Auction: Friday June 15th at 6: 30 pm. Watch tomorrows Free Press for Complete Listing or Visit our web site www. kayesauctions. com TERMS: Cash, Visa MasterCard or Debit paid in Full Day Of Sale. 5% Buyers fee. " Subject To Additions & Deletions" " Everything Sold As Is, Where Is" with no warranties implied or expressed KAYE'S AUCTIONS 668- 0183 ( WPG) www. kayesauctions. com UNRESERVED AUCTION SALE AT KAYE'S AUCTIONS 263 Stanley St. ( Wpg.) Thursday, June 14 th at 7: 00 pm ( Viewing after 2: 00 PM Same Day of Sale Only) Psychology works for: Depression Manitoba Psychological Society www. mps. ca D ON'T look now but Manitoba's credit unions are in danger of becoming a juggernaut. The financial co- operative system has just hit $ 20 billion in assets, a milestone that represents a doubling in size in just six- and- a- half years and a quadrupling since 1999. " When you have a compounded growth rate of more than 11 per cent, it shows that the offerings credit unions have in the province are being well received by Manitobans," said Garth Manness, CEO of the Credit Union Central of Manitoba. There are no definitive market- share numbers for the banking system in Manitoba but Manness said based on information he has received from the Bank of Canada, he guesses credit unions have about 42 per cent. That's the highest of all the provinces with the possible exception of the Caisses movement in Quebec, he said. Much of the credit- union strength comes from small business. About half of all Manitobans have a credit union account. So, at this rate, when will credit unions surpass the banks as the No. 1 provider of banking services in the province? Manness didn't want to speculate but said he doubts if the recent growth rate will continue at its current pace. The 42 credit unions in the province, however, aren't going to sit idly by as the banks try to cherry- pick their clients, he said. " We are looking to continue to see what the Manitoba consumer wants in financial services and we're looking to provide it for them," he said. The experience of Entegra Credit Union isn't uncommon. The Winnipegbased co- operative, which has $ 500 million in assets and 13,000 members, has just bought St. Vital Bowl, a recentlyclosed bowling alley on St. Anne's Road. It plans to open a new 8,000- squarefoot branch - its fourth - and move its corporate headquarters there from 201 Portage by the fall of 2013. Not only is Entegra going to expand the 13,000- square- foot main floor but will build a second floor, too. It also plans to lease out 12,000 square feet of space. " Our branches are bursting at the seams. We've had phenomenal growth. We've quadrupled in 10 years, doubled in five years and last year we grew 21 per cent," said Gord Kirkwood, Entegra's CEO. As of next January, there will be 41 credit unions in the province when the merger between Sanford Credit Union and Access Credit Union is official. It's only a few years ago that the credit union total in Manitoba was 50 per cent higher but Manness said he doesn't foresee the trend continuing to the point where the province's credit union system operates under a single banner. In fact, he said the mergermania of a couple of years ago has plateaued of late. " We have seen an evolution to fewer and larger credit unions. Will we see more of this activity? Yes, but I don't expect we would ever get to one credit union in Manitoba," he said. Glenn Friesen, CEO of Steinbach Credit Union, the province's largest, agreed. He said he doesn't know how low the number of credit unions will go, only that it will continue to go lower. " Some years there are three or four amalgamations and then all of a sudden, it slows down. It could be five or six this year or it could be none, who knows?" he said. geoff. kirbyson@ freepress. mb. ca Banks respond THERE'S strength in numbers. That's the message from the Canadian Bankers Association, which says bank customers benefit from a nationwide network of more than 6,000 branches and more than 17,000 ABMs; secure and convenient electronic banking; access to a full range of products and services with consistent pricing throughout the country; evening and weekend hours; and, soon, mobile payments. " While some people choose to do their banking with a credit union, there are many benefits to banking with a bank," said Maura Drew- Lytle, director of media relations and communications with the CBA. The competition provided by more than 40 banks and hundreds of credit unions and other financial institutions, is good for consumers, she said. Giving banks a run for their money By Geoff Kirbyson Credit unions are exploding in popularity OTTAWA - More than 11,500 Canadians have asked the federal government to reconsider its decision to close down the Experimental Lakes Area near Kenora. The petition with 11,514 signatures will be presented to the government in Ottawa today. They were collected in just 17 days by Save ELA, an advocacy group founded after the government announced it was cutting the ELA's $ 2- million annual funding as of next year. " The ELA is vital," said Save ELA founder Diane Orihel. " It helps to ensure Canadians have safe drinking water, clean lakes and healthy fish." ELA was founded in the 1950s as a unique program conducting research on aquatic ecosystems using 58 lakes in northwestern Ontario. Scientists deliberately pollute the lakes with various substances such as mercury, phosphorus or estrogen and see the impact on lakes and aquatic species. Research there has led to global changes in policies around things like acid rain and hydroelectric dams. The research facility is the only one of its kind in the world and support to save the program has poured in from scientists around the globe including Europe, Israel and the United States. Dr. Jules Blais, a biologist at the University of Ottawa, said Tuesday research at the ELA has been hugely beneficial to the development of better and more affordable water treatment plants and to protecting the stocks of commercial fisheries. Research at ELA showed there is little ecological benefit to removing nitrogen from waste water and led to huge cost savings in the development of treatment plants, said Blais. That includes $ 300 million in savings for Lake Winnipeg alone and in Europe, nearly C$ 385 billion in savings. " Our lakes and rivers are in better shape now than in the 50s and 60s because of the research done at ELA," said Blais. mia. rabson@ freepress. mb. ca 11,514 petition feds to save lake research By Mia Rabson PHIL HOSSACK / WINNIPEG FREE PRESS Entegra Credit Union is ' bursting at the seams' and building a new branch and headquarters at the site of the former St. Vital Bowl, says CEO Gord Kirkwood. ' We've had phenomenal growth' - Gord Kirkwood, CEO of Entegra Credit Union A_ 04_ Jun- 13- 12_ FP_ 01. indd A4 6/ 12/ 12 8: 18: 57 PM ;