Growing Together

COZYN’S GARDEN GALLERY, LIBRO BUSINESS OWNER

It’s been another year of growth for Libro, and again it has been unprecedented growth. Our credit union is rapidly increasing in size and, in fact, it’s more than $1 billion larger than a year before, in terms of its Assets Under Management, a common measure of the size of financial institutions. Thank you to everyone who is showing their trust for Libro by doing business with us. Libro Owners make it possible for us to have an impact on southwestern Ontario, its people and its communities.

$9.6 BILLION

TOTAL PORTFOLIO

12.8% GROWTH OVER 2020

$6.1 BILLION

ASSETS UNDER MANAGEMENT

18.6% GROWTH OVER 2020

$688 MILLION

INCREASE IN DEPOSITS

18.5% GROWTH OVER 2020

London Bicycle Café

At Libro, we always listen to feedback from Owners and the public, and we love it when they come to us with good ideas. When Ben Cowie, Libro Owner and the enthusiast behind the London Bicycle Cafe, asked us to offer his customers specialized loans for cargo bikes, we sat down together to find a way. Starting at close to $5,000, cargo bikes aren’t cheap, but they pay off over time in saving motoring costs, promoting better health habits and, above all, avoiding carbon emissions.

If you’re one of the people dreaming about a new bike, just give us a call. We’re ready to help.

“We’re still in very early days, but the potential is apparent,” Ben Cowie said. “Libro is the first financial institution in Canada to take this step toward decarbonization of the transportation sector. The program has enabled a few early adopters to get started, and a few more to start dreaming.”