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

Economics / Human Interest /  • May 29, 2019
Planning far, far ahead for retirement

Canadians who are worried that they will outlive their retirement savings now have something to fall back on. The federal budget, released March 19, introduced a solution to retirees who fear possibly outliving their money. It is cal...

Economics /  • May 29, 2019
Generational trends in credit card use

TransUnion Canada released its Q4 2018 report into credit card use this past February. Key findings include: Millennials, who are set to surpass Baby Boomers in the credit market, now comprise more than 26 percent of credit...

Human Interest / Marketing /  • May 29, 2019
Hear the roar!

Teaming up with athletic teams is becoming a bit of a credit union sport in Canada. Both Alterna Bank, a subsidiary of Alterna Savings and Credit Union (140,000 members, $5.1 billion in assets) and Comtech Fire Credit Union (16,000 membe...

Risk Management /  • May 28, 2019
Supreme Court ruling affects creditors

Credit unions might have to take on more exposure when they lend to a company that has any sort of regulatory obligations such as pollution cleanup, Canadian Underwriter reported this past March. This past January, the Supreme Court of Can...

Human Interest /  • May 24, 2019
Housing market more opaque than transparent

A joint report, released this past March by the groups Transparency International Canada, Canadians For Tax Fairness and Publish What You Pay Canada, indicates that billions of mystery dollars are flowing through Toronto’s real estate marke...

Community Development / Human Interest /  • May 6, 2019
A helping hand to budding entrepreneurs in Cambodia

Alterna Bank, a subsidiary of Alterna Savings and Credit Union (140,000 members, $5.1 billion in assets) was a sponsor of the 13th annual Mekong Business Challenge, held this past March in Cambodia. The challenge drew the brightest univers...

Banking / Human Interest /  • May 3, 2019
Heading for the border

The World Council of Credit Unions (WOCCU) reported this past March that one of their special initiatives, Financial Inclusion Project at the Border with Venezuela, a collaboration with Banca de las Oportunidades, had reached 224,378 rural,...

Human Interest /  • March 25, 2019
Renters face challenges in 2019

Housing is expected to be a campaign issue in the lead-up to the Oct. 21 federal election, with Ottawa promising earlier this year to make home-buying more affordable for millennials. To date, would-be homeowners have faced rising in...

Human Interest / Human Resources /  • March 20, 2019
Mind the gap

There is no doubt that a gender equity revolution is underway in Canada, with systemic abuses being challenged and addressed within economic sectors. The need for a continuous, firm push forward is nowhere more apparent then when me...

Economics /  • March 13, 2019
Skilled Canadian workers wanted

Last November, Canada’s Labour Force Survey reported an enviable number. The unemployment rate stood at 5.6 percent, the lowest since 1976 when Statistics Canada began collecting comparable data. Good news, right? For many Canadian...

Finance / Risk Management /  • March 8, 2019
$200 makes for a pretty thin cushion

With rising interest rates making it more expensive to service variable-rate loans and mortgages, Canadians are getting worried. An Ipsos poll commissioned by MNP, an insolvency firm in Canada, has found that a growing number of Can...

Banking / Technology /  • March 7, 2019
Bankers backing digital revolution

The Canadian Bankers Association (CBA) is calling for the creation of a digital identification system utilizing such technologies as biometrics and blockchain. CBA’s chief executive, Neil Parmenter, says moving away from a paper-based,...

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