The C1 proposals serve the interests of larger credit unions, in the way risk would be redistributed and the way political power concentrated.
Central1 Power Struggle
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?
Feedback on the amended FIA
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.
Concentration Risk
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 Credit Unions
Classic or community-based credit unions are under stress. Leadership is needed to take on the challenges.
Financial Hamster Wheel
Low wages, predatory lending, and barriers to social mobility trap and disadvantage too many. Employers, governments, credit unions, retailers and others need to step up.
The Absent Owners
MEC: The Success Delusion
The failure of MEC is the result of a perverse definition of success, also taken up by credit unions.
Income Security
Monetizing Your Every Move
How do credit unions address their members’ loss of privacy? Huge datasets have been aggregated and turned into proprietary treasures – at Google, Facebook, Amazon, etc.. What is in the member’s best interest?