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Features Categories: Banking

Banking / Governance /  • March 30, 2019
Parliamentary pilgrimage
Last year's Hike the Hill, credit unions' annual visit to the nation's capital, held special importance, with delegates lobbying MPs to accept a proposed Market Conduct Code that would allow credit unions to self-regulate relations with members.

Delegates used the annual Hike the Hill in Ottawa to try to convince elected officials to accept a proposed Market Conduct Code of credit union self-regulation.

Banking / Finance /  • January 16, 2019
Close Connection
A two-year Filene Research Institute study involving Ottawa's Alterna Savings & Credit Union analyzed how to best connect with isolated and low-resource communities. The result? A loans program with greater social impact on community.

Alterna Savings & Credit Union took part in a study looking into nurturing relations with isolated communities in order to enhance social impact.

Banking / Business /  • August 1, 2018
Mind your business
The small- and micro-business segment is becoming an increasingly attractive niche for credit unions.

Increasingly, small is beautiful for credit unions looking to invest in new businesses.

Banking / Technology /  • July 13, 2018
Fintech Future
The financial landscape is becoming more competitive for credit unions as fintech continues to accelerate banking innovation.

Credit unions are adapting as fintech continues to accelerate banking innovation.

Banking /  • June 20, 2018
In Sync
Technology has shifted how credit unions operate, necessitating branch redesigns to complement these changes.

Modern credit union branch designs reflect technological advancements.

Banking / Risk Management /  • May 22, 2018
Opportunity knocks
On Jan.1, the Office of the Superintendent of Financial Institutions put stricter borrowing rules in place for homeowners. The new rules, however, don’t apply to credit unions. Should credit unions capitalize upon this, or practice strict prudence?

Strict new borrowing rules don’t apply to credit unions. Should prudence prevail?

Banking / Sustainability /  • March 17, 2018
Wary of green
Offering green financial products may make a credit union look and feel good but, crucially, will it boost the bottom line? The answer is more complex than you might think.

There has to be a solid business case for offering green financial products at credit unions.

Banking /  • February 1, 2018
Money on the fly
Billions of dollars pour out of Canada every year in in remittance payments to countries around the world. Although credit unions are minor players in this area, recent initiatives indicate this is changing.

Remittance payments are a billion-dollar growth opportunity for credit unions serving ethnic communities.

Banking / Marketing /  • September 28, 2017
Word Games
As the Office of the Superintendent of Financial Institutions put the kibosh on credit unions using the term "banking," throwing the system into an uproar, Martha Durdin, CEO of Canadian Credit Union Association, exercised diplomacy and the power of the people, compelling Ottawa to reconsider the edict.

The OSFI declared the word "banking" anathema to credit union branding.

Banking / Risk Management /  • July 19, 2017
Stormy Weather
Growing global debt levels and soaring house prices are two indicators foreshadowing a possible financial crisis down the road.

Growing global debt levels and soaring house prices are two indicators foreshadowing a possible financial crisis down the road.

Banking / Governance /  • April 25, 2017
Brought to Account
Credit unions are scurrying to ensure they can meet the new IFRS 9 accounting regulations, which take effect Jan. 1, 2018.

Credit unions are preparing to implement the new IFRS 9 accounting standards, which take effect Jan. 1, 2018.

Banking / Mergers /  • March 28, 2017
Go Big
Increasingly, credit unions are opting for federal status to build reach and better serve customers. But the process is proving challenging and raises the question - is bigger really going to be better?

Some credit unions are getting serious about embracing federal status to better serve members.

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