The Voice of Canadian Credit Unions

News Categories: Banking

Banking / Community Development /  • November 29, 2017
Film on the power of cooperatives available for screening

A new documentary about the cooperative movement, titled A Silent Transformation, is available for grassroots screenings, first in Ontario and then the rest of Canada starting this year. Co-director Simon Brothers says that the 70-minute d...

Banking / Mergers /  • November 14, 2017
Merger in the works for BC credit unions

Seven credit unions from British Columbia’s Kootenay, Boundary and Columbia Valley regions have launched a formal business case study to merge. The news was announced this past September following one year of discussions, the East Kooten...

Banking / Human Interest /  • November 10, 2017
Hurricanes devastate credit unions across US

Credit unions and affiliated organizations in the United States were roiled by a series of hurricanes that swept the Caribbean, Texas, Florida, other areas of the mainland and Puerto Rico this past summer. After gathering strength an...

Banking / Human Interest /  • October 2, 2017
BC wildfires force closure of credit union branches

Williams Lake & District Credit Union (14,000 members and $250 million in assets) was forced to close its 100 Mile House and Williams Lake branches this past July due to wildfires in British Columbia’s Cariboo-Chilcotin Region.  ...

Banking / Economics /  • September 21, 2017
Interest rate hike affects variable rate mortgages

The Bank of Canada raised its key interest rate to 0.75 percent, up one-quarter of a percentage point from 0.50 percent — the first increase in seven years — initially affecting variable-rate mortgages and lines of credit. In re...

Banking / Mergers /  • April 4, 2017
Credit union numbers drop over two decades

In 2012, credit union mergers were a hot topic of conversation — just as they are today, having become an attractive management strategy to avoid service duplication. [NOVEMBER 2012] Credit Union Central of Canada reports t...

Banking /  • March 23, 2017
Concentra boosts credit union competitiveness

On the recommendation of the Office of the Superintendent of Financial Institutions (OSFI) and after receiving approval from Ottawa’s Minister of Finance, Canada’s newest bank, Concentra Bank, began operations under the Bank Act on Jan....

Banking / Finance /  • March 7, 2017
Mortgage fraud on the rise

Equifax is reporting that mortgage fraud is on the rise in Canada — especially in Ontario and British Columbia — due in large part to rising home prices. The agency, which maintains credit reports on consumers and businesses, states ...

Banking /  • December 6, 2016
Conexus offers enhanced Open Anywhere

In early October, Saskatchewan’s largest credit union became the first in Canada to launch the enhanced version of Open Anywhere, a new system of member onboarding. Developed by Central 1 Credit Union, Open Anywhere streamlines the new me...

Banking /  • December 6, 2016
FirstOntario launches wealth-management website

FirstOntario Investments is offering its members a high-tech approach to wealth management, by providing them with online access to its IIROC-licensed team of financial advisers. “We welcome everyone regardless of your portfolio, t...

Banking / Human Interest /  • September 27, 2016
Nepal credit unions rebuilt

Forty-one credit unions, or Savings and Credit Cooperative Societies (SACCOS) as they’re known in Nepal, have been rebuilt after a 7.8-magnitude earthquake struck the country on April 25, 2015.

Banking / Technology /  • August 22, 2016
B.C. credit unions foster FinTech

As part of the BC Technology Industry Association’s new FinTech Program, Central 1 Credit Union, Coast Capital Savings, Ficanex Services Limited Partnership, and PayPal Canada have joined forces as founding members of the program to foster the FinTech sector and support small business in B.C.

1 2 3