Manitoba's credit unions oblivious to downturn

While commercial banks around the world are in dire straits, their cooperative cousins, at least in Manitoba, are doing just fine, thank you very much:

Somebody forgot to tell Manitoba's credit union system about the economic downturn.

The province's 44 credit unions posted double-digit and near-double-digit returns across their major indicators in 2009 -- deposits were up 10.5 per cent to about $15.9 billion, loans increased 11 per cent to about $13.5 billion and assets jumped 9.8 per cent to about $15.9 billion.

From the Winnipeg Free Press.