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

The State of Co-ops in Western Canada

Murray Fulton

Murray Fulton

An American colleague recently asked me and a number of other academics and co-op leaders if we could provide a quick snapshot of large-scale co-operative activity in our geographical regions — consolidations, mergers, the nature of supply chains, and whatever else we felt was important. Here is my response. Continue reading

Governance Issues in European Co-ops: Are There Lessons Here for Their Canadian Cousins?

hanisch-2015

Markus Hanisch

The Centre’s second annual MacPherson Talk featured Dr. Markus Hanisch, managing director of the Institute for Research on Co-operatives at Humboldt University in Berlin.

Hanisch’s presentation — “Changing Governance in European Co-operatives: Simply Shifting or Losing Control?” — outlined a series of innovations occurring in European co-operative governance and the impact of these changes on co-operative performance. Based on data from 571 farmer co-operatives in the European Union, Hanisch concluded that co-operatives that have implemented certain governance innovations — professionalising and allowing outsiders to join their boards of directors, recruiting larger boards, and creating a governance model in which the co-op acts as a holding structure — have improved their performance. The research also notes, however, that these shifts towards corporate governance structures may affect member control. Continue reading