Credit Union Technocracy

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 […]

Continue reading


Divided Allegiance (CCUA)

The Canadian Credit Union Association (CCUA) is conflicted. It says that it champions the successful future of (a) provincial credit unions and (b) federal credit unions, but it is not that simple. Unfortunately, a federal credit union growth strategy is based upon cannibalising the provincial credit union systems. In this last year the CCUA assumed […]

Continue reading


Fragile FI’s

BC credit unions have declining political leverage. Banks and credit unions are created and nurtured as political accommodations. Banks are rooted in the constituencies they serve and the political clout of those constituencies, for good or bad. This is the core premise of Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, […]

Continue reading


Ownership Lost

On paper, credit unions are ‘consumer owned’, but the reality is something different.  Cooperative ownership is the unique feature of this form of business, each member-owner has one vote in major decisions, but as credit unions grow the ‘owners’ are eased out.  Their control over the business is lost.  In truth, consolidation means that member-owners, […]

Continue reading


Small is Beautiful?

The e-Newsletter from the CCUA came out this week with an unusual entry at the top.  This was the text: 100 Largest Credit Unions and Caisses PopulairesThe latest listing of the largest 100 Canadian credit unions and caisses populaires is out. Some of the highlights As of Q2 2018, the largest 100 credit unions and […]

Continue reading


A Wealthy Person’s Housing Strategy

Canada’s housing strategy is rigged to favour those with big homes and wealth.  We unfortunately argue about the small amounts that are expended on those who really need help, missing the real point.  I applaud those who call the government to account.  Today a blog post at policynote.ca details how the most wealthy have benefited […]

Continue reading