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.
The delivery system for Federal emergency support programs to business excludes most credits unions; Central 1 must step up.