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Enjoy quick hits of news on issues that matter to credit unions in Canada

Banking / Mergers /  • May 18, 2018
Alberta credit unions ponder merger

Credit union members with Mountain View Credit Union (17,000 members, $740 million in assets) and Connect First Credit Union (100,000 members, $5 billion in assets) in Alberta will vote this June on a possible merger, reports CU Today. ...

Human Interest /  • May 11, 2018
Connecting the dots

Like many nations in Africa, Ethiopia faces a water crisis due to recurring drought, which causes enormous social, health and economic problems. Out of a population of 102 million, 61 million Ethiopians lack access to safe water, relying i...

Business /  • April 5, 2018
Finger pointing beefs up payment card security

Gemalto, touted as a world leader in digital security, has launched an EMV biometric dual interface payment card for both chip and contactless payments that use fingerprint recognition instead of a PIN code to authenticate the cardholder. When c...

Economics /  • March 28, 2018
IMF predicts economic growth for Canada

The International Monetary Fund (IMF) World Economic Outlook report, released last January, predicted that recent tax cuts in the United States will provide a temporary boost to the American economy. This, in turn, will help stimulate the ...

Finance /  • March 16, 2018
Canadian debt load a growing concern

Bay Street money manager Gareth Watson, director of Richardson GMP’s investment management group, says the Bank of Canada needs to put its “foot down” in an effort to cool Canadians’ voracious appetite for debt, Business News Networ...

Human Interest /  • March 15, 2018
Honesty and trust tested in Atlantic Canada

In a bid to prove that standards of honesty, trust and fairness are alive and well in Atlantic Canada, credit unions undertook a creative guerrilla marketing campaign to test these values. Atlantic Central, which represents 47 credit...

Human Interest /  • March 10, 2018
FirstOntario pledges $1 per member for international development

This past January, FirstOntario Credit Union (117,550 members, $5 billion in assets) pledged $1 per member to support a new initiative by the Co-operative Development Foundation of Canada (CDF Canada), called Breaking New Ground. [captio...

Human Interest / Leadership /  • February 2, 2018
Malawi fetes partnership with CDF Canada

The Co-operative Development Foundation (CDF) of Canada was recognized with an Honorary Distinguished Service Award by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) in Malawi last October. The awa...

Economics / Human Interest /  • January 30, 2018
Bitcoin a bit too dodgy for some

Bitcoin, the enigmatic virtual currency, which doesn’t require a financial institution as a middleman, may have a dark side. Ontario Teachers’ Pension Plan chief investment officer Bjarne Graven Larsen told Bell Media’s Business News Net...

Business / Technology /  • January 26, 2018
Visa’s tap-and-pay goes the Olympic distance

It won’t just be the athletes of the XXIII Winter Olympic Games and Paralympic Games using the latest technology as they skate, ski, slide, leap and twirl their way to glory this Feb. 9-25 in PyeongChang county, South Korea. Specta...

Human Interest / Leadership /  • January 19, 2018
BlueShore Financial nabs leadership award

Chris Catliff, CEO of BlueShore Financial Credit Union (40,000 members, $5 billion in assets) in British Columbia was honoured last October as a 2017 BC CEO Award winner in the large company category. This prestigious award, presented by Bu...

Community Development / Technology /  • January 18, 2018
Servus Credit Union embraces science

A new partnership between Servus Credit Union (380,000 members, $14.8 billion in assets) and the University of Alberta Faculty of Science — the first of its kind for an Alberta-based financial institution — was announced last November. ...

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