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 […]
Credit union financial reporting standards in BC are too low and out of date.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.
CSCU proposes a new hybrid capital structure, with almost no rationale and with no discussion of the pros and cons.
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 […]
The C1 proposals serve the interests of larger credit unions, in the way risk would be redistributed and the way political power concentrated.
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?
The BC Financial Services Authority (‘BCFSA’) has completed its first full year of operation and reported out. It is time for credit unions to assess how well the new regulatory regime works.
BCFSA is not targeting the risks, risks that are highly concentrated in the very large institutions, and community-based credit unions may be the collateral damage.
Classic or community-based credit unions are under stress. Leadership is needed to take on the challenges.