Plus ça change, plus c’est la même chose — The Challenges Facing Canadian Credit Unions

Murray Fulton, Brett Fairbairn, Dionne Pohler

Canadian credit unions are facing significant challenges as they attempt to reorganize to meet a rapidly changing economic, technological, demographic, and organizational environment. These problems have been well documented and can be found in reports by credit union organizations such as Central 1’s If now now, when? and in academic commentaries such as our recent blog post, “Credit Unions in Canada: Design Principles for Greater Co-operation.” Continue reading

Credit Unions in Canada: Design Principles for Greater Co-operation

Murray Fulton, Brett Fairbairn, Dionne Pohler

The credit union system in Canada is at a crossroads. The following quotations from Central 1’s October 2016 report If not now, when? illustrate the challenges nicely:

Canada’s Credit Union system is approaching a tipping point. As the small player in the national financial services sector, Credit Unions are being consistently outpaced by the scale and marketing strength of the major banks.… Continue reading