The Great Canadian Credit Union Merger Debate fell short. No counter arguments were made and there was no elaboration on the future of a ‘sector’ or a ‘social movement’.
Mergers – a false debate
Credit Unions Consolidate, like lemmings…
Rapid consolidation in the BC credit union sector will create a small number of very large credit unions, and new problems.
Vancity AGM Troubles
Counting votes at the Vancity AGM proved to be a challenge. But that may be only one of many concerns.
Premier using ‘shock doctrine’
A successful democracy requires vigilance. I wrote an opinion piece that appears online in today’s Vancouver Sun. I encourage you to read it. What follows is a quick overview. Naomi Klein observed that people will take advantage of a crisis to gain an advantage, in her book The Shock Doctrine,. The impending trade war threatened […]
Evading Accountability: AGM reporting
Credit union financial reporting standards in BC are too low and out of date. The standard should be higher in light of consolidation and technological change.
‘Risk’ Capital at Community Savings
CSCU proposes a new hybrid capital structure, with almost no rationale and with no discussion of the pros and cons.
Credit Union 2023 ‘Blues’
Social Identity and Co-operative Enterprise
In today’s world, much is made of ‘identities’. Social identities have always been important, especially in politics. What is noteworthy is how our identity preferences have shifted over time. Last October CCEC Credit Union merged with Community Savings. In the preceding two years I was asked about the prospects for CCEC as a small independent […]
Central1 Power Struggle
The C1 proposals serve the interests of larger credit unions, in the way risk would be redistributed and the way political power concentrated.
Concentra Sold, Who Benefits?
SaskCentral has sold its 84% interest in Concentra Bank to the Equitable Bank Group. Is it a good deal for the mid-size and smaller credit unions of Canada that been the primary clients of Concentra?