The Voice of Canadian Credit Unions

News

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

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...

Community Development / Human Interest /  • September 15, 2017
Gender equality is the key to fighting hunger

In northern Ghana in West Africa, farmers are highly vulnerable to the vagaries of climate, such as drought and flooding. Such extreme events create hunger gaps — periods when families, especially children and women, go without. [caption id="at...

Business /  • September 11, 2017
Desjardins mulls energy pipeline divestment

Citing environmental concerns, Desjardins Group (seven million members, $258 billion in assets) temporarily suspended lending for energy pipeline projects this past July and will announce in September whether to make the decision permanent,...

Leadership /  • September 5, 2017
Don Wright takes cabinet position in new NDP government

Don Wright is British Columbia’s new deputy minister of executive council, cabinet secretary, and head of the public service under a New Democratic Party minority government, after stepping down from Central 1 Credit Union as its CEO and president....

Governance / Leadership /  • July 18, 2017
Federal all-party credit union caucus

A new, all-party caucus has been formed in Ottawa that will improve communications between parliamentarians and the Canadian credit unions that provide financial services in their riding, reports the Canadian Credit Union Association (CCUA...

Education / Finance /  • July 14, 2017
Seniors Racking up Debt

Canadian seniors are borrowing more and requiring credit counselling to deal with it. Equifax reported this past May that the debt held by those age 65 and up averaged $15,244 in the fourth quarter of 2016. This is lower than the Can...

Finance / Human Interest /  • July 10, 2017
The kindness of strangers

As early 20th-century American entertainer Will Rogers once said, “A stranger is just a friend I haven’t met yet.”  In today’s immoderately priced mortgage market, this pithy saying may well become the descriptor of the futu...

Community Development / Education /  • July 6, 2017
Coast Capital Savings gifts $1 million to SFU

This past May, Coast Capital Savings Credit Union, (543,000 members, $15 billion in assets) gave $1 million to Simon Fraser University in Burnaby, BC to help support the university’s business incubator program, which has been rename...

Technology /  • May 23, 2017
Winds of Change

In 2012, the credit union system was faced with a new technological challenge: adapting to, in order to take advantage of, the software and data storage opportunities offered by cloud computing. Transferring data to an amorphous cloud initially cau...

Community Development / Human Interest /  • May 15, 2017
Putting the Bite on Hunger

Last year, First West Credit Union (250,000 members, $11 billion in assets) generated, via food collection and fundraising, the equivalent of 1.35 million meals for hungry British Columbians. First West and its local divisions: Valley Fi...

Business /  • May 12, 2017
Desjardins and Assiniboine tops in customer service

The 2016 Surviscor Service Level Assessment review named Quebec-based Desjardins Group (seven million members, $261 billion in assets) alongside BMO Bank of Montreal as the country’s two top financial firms when it comes to the best cus...

1 2 3 12