The Great Canadian Credit Union Merger Debate: A Conversation about the Future of Credit Unions скачать в хорошем качестве

The Great Canadian Credit Union Merger Debate: A Conversation about the Future of Credit Unions

Credit unions represent an important part of the Canadian economy. Outside of Quebec, at the end of 2024, Canada’s 184 credit unions held $315 billion in assets, representing about seven percent of banking sector assets. While they remain strong competitors in Canada’s financial services landscape, credit unions face daunting challenges adapting to rapidly evolving expectations around technology, regulations, cybersecurity and competition. Many have responded by scaling up their co-operative businesses through mergers. Others are considering different paths. In this conversation, we bring together executives from three of Canada’s leading credit unions to talk about how they think of the scale imperative and the future of credit unions. Panelists include: Celina Philpot, CEO of Conexus Credit Union Mark McLoughlin, President and CEO, Kootenay Savings Credit Union Mike Schilling, President and CEO, Community Savings Credit Union Mike Bushore, Chief Risk Officer, Kootenay Savings Credit Union Moderated by Dr. Dionne Pohler, Professor, Cornell University and Research Fellow, Canadian Centre for the Study of Co-operatives