Stride Credit Union set to expand to Carberry
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Stride Credit Union is set to expand its operations into Carberry after purchasing a building on Main Street.
The acquisition marks Stride’s first physical location in the community, which has a strong member base, chief executive officer Brent Budz said.
“When we learned that a major bank would be stepping back from personal banking services, we recognized a clear opportunity — not only to better serve those we already call members, but to expand our exceptional service to more residents in the Carberry area,” Budz said.
Stride Credit Union Executives and Account Managers (Submitted)
The development is “a good thing” for the town after BMO’s departure left residents without a local financial institution for the first time in decades, Mayor Ray Muirhead told the Sun.
“We had BMO on Main Street for literally decades — going back probably to the ’30s or ’40s,” the mayor said. “For them to pull out, it just meant a major inconvenience for longtime people, and for any people in the town, because you would have had to go to Neepawa or Brandon to do your banking. That’s not convenient for some people to navigate.”
The purchase of the building follows Stride’s commitment to strengthen access to modern, community-focused financial services throughout rural Manitoba, the credit union said in a press release.
Planning and design work for the new Carberry branch will begin immediately, with updates on timelines and renovation details to follow in the months ahead, the release said. The building will also include space dedicated to enhanced financial planning and wealth management services, courtesy of Journey Wealth.
Muirhead said he is thrilled to see Stride Credit Union investing in the community.
“Carberry is growing and evolving, and the addition of a new financial institution on Main Street demonstrates confidence in our future,” he said. “We look forward to working together to ensure this project benefits residents, businesses and the broader region.”
With Stride set to come in, Carberry will be open for more financial institutions, which the mayor said benefits residents.
“Competition is not a bad thing,” he said. “Having two financial institutions in town is a good thing. It gives people choice and comparison.”
Stride Credit Union currently serves more than 20,000 members across southern Manitoba, with a strong focus on personalized service, community investment, and co-operative values.
The Carberry location will be Stride’s sixth branch, complementing its existing footprint in Neepawa, Austin, MacGregor, Portage la Prairie and Gladstone.
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