C.D. HOWE commentary - A Passport to Success: How Credit Unions Can

The ability of credit unions, attention? Only two of the 449 credit unions, therefore, to adapt to the technological evolution representing 4 percent of credit union assets in happening in financial services in an efficient and 2020, have completed this journey. [...] of credit unions may be different than the ties Credit unions are important, but are they between credit unions in Canada, for the purposes “systemically” important? Systemic importance of this paper, it is useful to at least recognize relates to a financial institution’s size, its complexity, the relative importance credit unions have in its interconnectedness, the lack of readily available each. [...] As a Regulation and Oversight result, although the province has transferred the responsibility for overseeing the risk to the federal The following subsections takes a closer look at the government, the provincial regulator now has to outcome of provincial regulation based on the three cope with overseeing the remaining provincial core policy objectives outlined by Finance Canada credit unions wit. [...] through premiums paid by credit unions, and Credit unions making the switch to federal mergers with other credit unions, as their preferred regulation not only have to comply to new resolution mechanism, which keeps the assets in regulations that are in the works, they also have to the provincially regulated credit union sector. [...] challenging (implementation has been paused), in Over the past few years, many credit unions such 2019 the Supreme Court of Canada ruled in favour as First West Credit Union in British Columbia, of the constitutionality of the new structure despite Connect First Credit Union in Alberta and Alterna provincial responsibility for the securities industry.