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Departments Categories: Business

Business / Human Interest /  • March 14, 2019
Eggtraordinary
Coast Capital Savings Credit Union member and egg producer Steve Easterbrook fought for humane living conditions for chickens in British Columbia.

Have you bought a dozen eggs lately? If so, you might have noticed that the choices - free run, free range, pastured, cage free, furnished cage, nest laid, organic, humanely raised and many combinations thereof — are vast and confusing. ...

Banking / Business /  • February 27, 2019
Commercial break
Enhancing a credit union’s bottom line by growing its commercial mortgage lending portfolio takes preparation and staff training.

Increased regulatory oversight, heightened competition, margin pressures and the relentless need to drive profitability — does this sound familiar? Such credit union challenges are driving the need to consider new and innovative product and service...

Business / Human Interest /  • January 25, 2019
Seniors wanted
In Canada, more people over the age of 65 are choosing to work part or even full-time. Can senior workers still be valuable employees for credit unions?

Last fall, Tochi Sandhu celebrated his 78th birthday. The auspicious event wasn’t — unlike many people who have reached this age — a break from the mundane routine of retirement. Rather, it was another notch in a remarkable career: Sa...

Business / Leadership /  • January 11, 2019
Clear focus
Of the many challenges Guy Cormier has faced since becoming Desjardins CEO in 2016, none has been thornier than the decision whether to invest — or not — in the controversial Trans Mountain pipeline. Although Desjardins backed down from divestment, Cormier pledges that fossil fuels will be on the financial chopping block in future.

Of all the moral quandaries Guy Cormier has faced since becoming president and CEO of Desjardins Group (seven million-plus members, $295 billion in assets) in 2016, the question of whether or not to fund energy pipeline projects was probably on...

Banking / Business /  • November 19, 2018
Synchronicity
Two credit unions team up to share costs and promote a new branch in downtown Halifax.

This past September in Halifax a milestone was achieved — the creation of Atlantic Canada’s first shared credit union branch. A collaboration between East Coast Credit Union (41,000 members, $700 million in assets) and Provincial Gove...

Business / Community Development /  • September 21, 2018
Common goal
Libro Credit Union’s innovative cluster program is a partnership with various Ontario organizations that are working towards increased provincial prosperity.

This past May, Libro Credit Union(104,000 members, $7.2 billion in assets) was awarded the Community Economic Development Award at the 2018 National Conference for Canada’s Credit Unions. The Ontario-based credit union was given the hon...

Business / Human Interest /  • July 18, 2018
For the love of burgers
With the backing of Morell Credit Union, Quentin Gillis and Tanya O’Brien have become Prince Edward Island’s most acclaimed purveyors of burger and fries.

Prince Edward Islanders might be partial to potatoes but they are even bigger fans of burgers. So much so, the province is home to a wildly popular, month-long festival called PEI Burger Love. “I don’t think anyone counts calories on PEI...

Banking / Business /  • May 8, 2018
Basel III finalisation brings regulatory relief
The accord’s revised capital requirements for mortgages are another bright spot for credit unions.

This past December, the Basel Committee on Banking Supervision (BCBS) finalised the Basel III international regulatory capital and liquidity accord with major revisions urged by the World Council of Credit Unions (WOCCU) to reduce regulatory burd...

Business / Economics /  • April 23, 2018
A bit of controversy

In 2014, the American Grammy Award-winning hip hop artist, businessman and actor 50 Cent (born Curtis Jackson III) allowed fans to use cryptocurrency to buy his album Animal Ambition, as a way for him to “stay with the times.” The sales stunt rak...

Business / Health /  • June 6, 2017
The Name Game
Members perceive that a credit union values them more if staff are able to recall their names.

In the post-factual, fake news, digital age we live in, it seems there is no need to remember anything anymore. Names, however, are among the few things we leave up to memory on a daily basis. So then, why are many of us bad at remembering them? ...

Business / Human Resources /  • January 9, 2017
Exit strategy
Plan for employee departures so you’re not left shorthanded

Plan for employee departures so you’re not left shorthanded

Business / Marketing /  • December 8, 2016
Play big
6 ways to hone your content-marketing strategy

It's easy to feel overwhelmed as 2017 approaches, with the social-media landscape shifting and mutating ever more rapidly as you plan a content-marketing strategy for the year ahead. You know your product; you know your worth. That’s the easy part....

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