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

Business / Economics /  • November 1, 2018
Higher mortgage rates predicted due to trade agreement

After 14 months of intense negotiations, Canada, Mexico and the United States inked a new trade deal this past September just hours before deadline. The United States-Mexico-Canada Agreement (USMCA), which replaces the North American Fre...

Finance /  • September 18, 2018
Milestone for FirstOntario Credit Union

FirstOntario Credit Union (118,000 members, $5 billion in assets) has launched its own independent insurance brokerage. This initiative means that FirstOntario has become the first credit union in Ontario to add auto and home insuranc...

Finance / Risk Management /  • September 18, 2018
Added stress

Mortgage Professionals Canada, which represents mortgage brokers and others working in the industry, released a report this past summer stating that an estimated 100,000 Canadians have been prevented from entering the real estate market du...

Finance / Human Interest /  • September 18, 2018
Big little lies

One in five Canadians admitted in a Manulife survey this past May that they have kept their level of debt secret from a married or common-law partner, the CBC reports. Meanwhile, one in nine people hide the price of a retail purchase fro...

Finance / Human Interest /  • September 17, 2018
Poverty insurance

A report from the CD Howe Institute supports the creation of a pooled risk savings program to protect seniors who run out of money in their old age. The report, authored by Bonnie-Jeanne MacDonald, recommends a broad government-led i...

Finance /  • September 17, 2018
Self-employed with a mortgage

On Oct. 1, it will be easier for the country’s self-employed to obtain a mortgage, thanks to Canada Mortgage and Housing Corp (CMHC). The housing agency is providing a broader range of documentation options to increase exibility fo...

Community Development / Human Interest /  • September 14, 2018
Money raised for Kenyan orphanage

CU Direct in Ontario and Alberta’s Servus Credit Union (363,000 members, $15.4 billion in assets) contributed to a fundraising effort at the 2018 World Credit Union Conference held in Singapore this past July to raise money for the Busia ...

Community Development / Human Interest /  • July 25, 2018
Donations for CDF Canada

Federated Co-operatives Limited (FCL), the largest non-financial co-op in Canada, is committing $65,000 to the Co-operative Development Foundation of Canada’s (CDF Canada) Breaking New Ground Campaign. FCL’s donation will help sm...

Banking /  • July 23, 2018
Trust and estate consultants for FirstOntario

FirstOntario Credit Union (118,000 members, $5 billion in assets) has expanded its partnership, allowing members to have direct access to a trust and estate consultant with Concentra Trust, a wholly owned subsidiary of Concentra Bank, Cana...

Economics / Human Interest /  • July 20, 2018
West Coast rental woes spark collaboration

This past May, Sunshine Coast Credit Union (16,800 members, $650 million in assets) on coastal British Columbia announced a partnership to launch a new service to ensure that people in dire but temporary financial circumstances can keep a r...

Leadership /  • July 16, 2018
High five

This past May, the Canadian Credit Union Association (CCUA) announced the recipients of the 2018 National Credit Union Awards. Handed out at the CCUA National Conference in Toronto, the awards honoured the positive impact on communities by ...

Leadership /  • July 13, 2018
Minerva pledge signed by First West

First West Credit Union (240,000 members, $11.9 billion in assets), based in Langley, BC, announced this past April that it has signed the Minerva pledge. A registered non-profit charitable organization, Minerva BC “supports women...

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