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News Categories: Finance

Finance / Risk Management /  • January 13, 2017
Early 1990s see bank rates plummet

In 1992, the mortgage landscape was undergoing rapid change. With a nearly seven-percent drop in the bank rate over a two-year period, it was prescient of things to come. [March/April 1992] Interest rates have been steadily d...

Banking / Finance /  • July 14, 2016
New debit cards for the Emerald Isle
Emerald Isle issues debit cards

Eleven credit unions in Ireland have teamed up to form a not-for-profit organization, DCG Card Services, to manage a new product demanded by 84 per cent of its members: debit cards. Although debit cards aren’t exactly new, DCG Card Services was for...

Finance / Risk Management /  • June 13, 2016
The “invisible” crime
Credit unions can play a role to help prevent elder financial abuse

It’s sometimes referred to as the “invisible” crime. It is often unreported, and committed by people known and close to the victim. June 15 is World Elder Abuse Awareness Day. The United Nations estimates that worldwide, up to six per cent ...

Business / Finance /  • May 13, 2016
Northern Credit Union boosts small biz

Small businesses in Northern Ontario can now apply for an unsecured business line of credit of up to $250,000 — without stepping into a branch. In February, Northern Credit Union launched the mobile-friendly online account opening tool for Ontario-...

Finance / Sustainability /  • March 9, 2016
Alterna & Central 1 honour social responsibility
2016 Gary Gillam Award nominations now being accepted

On April 29th, Alterna Savings and Central 1 will present the 2016 Gary Gillam Award to up to two deserving members of the community.

Finance / Risk Management /  • March 1, 2016
Time Machine: Mortgage fraud in 1999
Mortgage fraud doubles

Fax machines, photocopiers and white-out are a handful of the “tools” used by people to commit mortgage fraud.

Banking / Finance /  • July 1, 2015
Time machine: Enterprise July 2001
Bill C-8 on financial sector reform gets royal assent

Reduced red tape opening the doors for credit unions to set up a national structure.

Banking / Finance /  • May 1, 2015
U.K. churches take on payday lenders
A newly formed credit union plans to help boost credit unions

Clergy and church workers become advocates for credit unions in their communities.

Education / Finance /  • Mar 2015
Access to educational funding gets easier

Meridian (264,000 members, $9.5 billion in assets) and Vancity (501,000 members, $12.5 billion in assets) have put their support behind SmartSAVER.

Finance /  • Jan 2015
New score helps consumers establish credit

A new tool developed by Equifax Canada, promises to make it easier for credit grantors to rate consumer applicants.

Finance / Technology /  • Nov 2014
Smiths Falls Community CU goes paperless

The Ontario credit union is Canada’s first financial institution to introduce branch capture.

Business / Finance /  • Nov 2014
Mergers build momentum

Credit unions enter merger talks in both B.C. and Ontario.

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