The failure of MEC is the result of a perverse definition of success, also taken up by credit unions.
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?
When managing risk & uncertainty, statistical models are no substitute for cautious, reasoned judgement.
The delivery system for Federal emergency support programs to business excludes most credits unions; Central 1 must step up.
Banks, not credit unions, are heavily invested in fossil fuels.
BC gets a new super-regulator. Credit unions must help it be successful.
The May 2019 Central 1 Triennial Governance Review report has provoked too little discussion. Unfortunately, it reflects another incremental shift away from models of democratic ownership upon which the co-operative business model is based. This is another step in the effective ‘dis-mantling’ of second tier credit union entities as political agents for credit union members. […]
Technocracy is replacing democracy in our credit union world. The proud claims to consumer co-operative ownership are hollowing. The roles for member-owners and their representatives (elected directors) have narrowed. These changes have political and other implications. Our recent BC Advocacy Day delegation reflected the changing nature of our BC credit union system. Credit union executives […]
Provincially chartered ‘local’ credit unions may want to create their own coordinating entity or federation to serve that set of interests.
Who speaks for BC credit unions?