Steinbach Credit Union's new 43,000-square-foot branch at 1575 Lagimodiere Blvd. and Sunova Credit Union's new 7,500-square-foot outlet in Oakbank will bring to seven the number of new credit union branches that have either been built or announced within the last two and a half years. Sunova's Oakbank branch is expected to be the province's greenest building when it opens in June or July of next year. Sunova president and CEO Edward Bergen said that new branch -- the institution's 10th in Manitoba -- will be built to LEED Platinum standards, which is the highest rating under the international Leadership in Energy and Environmental Design program. Steinbach-based SCU is the province's largest credit union, with 72,000 members and assets of more than $2.3 billion. Its new branch at 1575 L...
Judicial alteration of the meaning of civil marriage from union of a man and woman to the union of any two persons raises a number of legal issues not raised by legislative redefinition; these are separation-of-powers issues centered in notions of the proper scope and role of judicial review, creation of standards to guide judicial application of broad and open-ended constitutional guarantees like equality, liberty, and dignity, judicial deference to the political branches, and the like. Here, Stewart examines whether the tasks of the judiciary in these areas are done well by citing appellate cases.
Created in 2008 with the amalgamation of Cypress River, Hartney, Tiger Hills, Turtle Mountain and Virden credit unions, SunRise's arrival in the Brandon market was a "no-brainer," board chair Terry Wakely says. Since the merger took effect last October, SunRise has seen its assets grow to more than $530 million - eighth among Manitoba's 45 credit unions.
The bundled assets often included subprime mortgage loans made to U.S. homeowners who often had a bad credit history. When the U.S. housing market slid, so did clarity on the value of the mortgages, which sent investors into a tailspin as they tried to tack a value on the packages. The problem here is that nobody knows the breadth and the depth of this subprime credit crunch. This is just another small example here," of the industry reacting, he said. "Like everybody, it's a matter of shrinking and tightening up their lending positions.
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