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News

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

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.

Banking / Technology /  • August 22, 2016
B.C. credit unions foster FinTech

As part of the BC Technology Industry Association’s new FinTech Program, Central 1 Credit Union, Coast Capital Savings, Ficanex Services Limited Partnership, and PayPal Canada have joined forces as founding members of the program to foster the FinTech sector and support small business in B.C.

Community Development / Human Interest /  • August 2, 2016
Powerline Films secures funding

A feature documentary about Canada’s cooperative movement has just received a much needed injection of cash from the Atkinson Decent Work Fund grant program, which will enable the film to be completed.

Banking / Community Development /  • July 26, 2016
Time Machine July 1945: What’s a credit union?

The follow excerpt comes from an entertaining article written by Jean Archibald and published in the Woman’s Point of View section of B.C. Credit Unionist in July 1945. It’s an interesting exchange, edited for brevity, that’s still relevant 71 years later!

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...

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