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.
The Covid-19 crisis prompts calls for more debt solutions, but consumers are already over-extended!
Banks, not credit unions, are heavily invested in fossil fuels.
BC gets a new super-regulator. Credit unions must help it be successful.
July’s OSFI discussion paper “Advancing Proportionality” introduces some important ideas which could be used in the regulation of credit unions in this province. Most significantly, the paper proposes four ‘tiers’, or categories, for Canada’s small and medium sized banks. In the paper, the 66 institutions are segmented into four sub-groups; tailoring capital and liquidity requirements […]
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. […]
The brand equity in the term ‘credit union’ is something provincial credit unions may want to protect.
The National Housing Strategy does not measure up, says the Parliamentary Budget Officer.
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 […]