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.
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 failure of MEC is the result of a perverse definition of success, also taken up by credit unions.
