The Voice of Canadian Credit Unions

News

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

Community Development /  • March 14, 2017
D.O.G. charms credit union members

Lily, Sunova Credit Union’s (34,300 members, $1.4 billion in assets) newest, four-legged Director of Greetings (D.O.G), took up her posting last month. The Saint Bernard puppy has been in training since the beginning of the year to tak...

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 ...

Education / Finance /  • January 24, 2017
One for the money

Last November was Financial Literacy Month and Canadian credit unions celebrated with the national launch of Each One, Teach One. Created by Vancouver City Savings Credit Union (510,000 members, $20.9 billion in assets) in 2008, Each One, Teach One i...

Leadership /  • January 17, 2017
Cooperative champion joins Senate

This past November, Lucie Moncion, the president and chair of Co-operatives and Mutuals Canada (CMC), was one of six new independents appointed to the Senate, Canada’s chamber of sober second thought. Moncion is the CEO of the Allianc...

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...

Community Development / Sustainability /  • January 3, 2017
Co-ops in Rwanda turn the dryer on

Farmers in Rwanda, Africa’s most densely populated country, are embracing a new method of drying maize thanks to a Canadian Co-operative Association (CCA) initiative that is heading into its final year. The CCA project began as a means to boost po...

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...

December 1, 2016
Time Machine: The rise of FinTech
[May 2013]

It was just three years ago that Enterprise first delved into the world of FinTech, publishing the article, “What’s next in FinTech?” Here’s an excerpt: Annual global spending on information technology or IT (hardware, so...

Business /  • November 24, 2016
Co-op Food opens in Microsoft’s UK headquarters

What is better than a software company? How about software company with a food company attached?

October 19, 2016
Letter from the Prime Minister: ICU Day

Celebrating International Credit Union Day

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.

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