Credit Union Central of Canada
Encyclopedia
Credit Union Central of Canada is the national cooperative federation
for credit unions in Canada, outside Quebec. The Toronto-based organization provides federal government relations, media relations, represents the industry in many associations and organizes several conferences each year.
As of December 31, 2010, there were 386 credit unions affiliated with Credit Union Central of Canada. They had more than five million members and assets of $127.4 billion.
Canadian Central is owned by nine provincial centrals. Those centrals are owned by the individual credit unions, which are owned by their member/customers.
The largest credit unions in Canada (excluding Quebec) are: Vancity
, Servus Credit Union
, Coast Capital Savings
, Meridian Credit Union
and First West Credit Union
.
.
Canadian Central is a member of Interac
, the World Council of Credit Unions
and the Canadian Co-operative Association
.
Cooperative federation
A co-operative federation or secondary co-operative is a co-operative in which all members are, in turn, co-operatives.Historically, co-operative federations have predominantly come in the form of co-operative wholesale societies and co-operative unions...
for credit unions in Canada, outside Quebec. The Toronto-based organization provides federal government relations, media relations, represents the industry in many associations and organizes several conferences each year.
As of December 31, 2010, there were 386 credit unions affiliated with Credit Union Central of Canada. They had more than five million members and assets of $127.4 billion.
Canadian Central is owned by nine provincial centrals. Those centrals are owned by the individual credit unions, which are owned by their member/customers.
The largest credit unions in Canada (excluding Quebec) are: Vancity
Vancity
Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial institution in Vancouver, British Columbia and the largest English-speaking credit union in Canada...
, Servus Credit Union
Servus Credit Union
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and is currently the third largest credit union in Canada and the largest credit union in Alberta....
, Coast Capital Savings
Coast Capital Savings
Coast Capital Savings is a credit union based in Surrey, British Columbia, and is the third largest credit union in Canada outside of Quebec. As of 2010, the credit union had $12.3 billion in assets under administration and 454,000 members...
, Meridian Credit Union
Meridian Credit Union
Meridian Credit Union is a Canadian credit union. It was formed April 1, 2005, following the merger of NIAGARA Credit Union and HEPCOE Credit Union....
and First West Credit Union
First West Credit Union
First West Credit Union is the third-largest credit union in British Columbia by asset size following Vancity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with approximately 167,000 members and $6.2 billion in assets under administration, First West was formed in...
.
History
Central of Canada (originally called the Canadian Co-operative Credit Society) was incorporated by a special act of Parliament in 1953, after years of preparatory work by the provincial centrals and the Co-operative Union of CanadaCanadian Co-operative Association
The Canadian Co-operative Association is a national cooperative federation for Canadian co-operatives headquartered in Ottawa, Ontario. CCA represents over 2000 co-operatives and credit unions with 9 million members...
.
Canadian Central is a member of Interac
Interac
Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. The Association was founded in 1984 as a cooperative venture between five financial...
, the World Council of Credit Unions
World Council of Credit Unions
The World Council of Credit Unions is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. Members of the WOCCU include regional and national credit union associations, cooperative associations and business service organizations in 97...
and the Canadian Co-operative Association
Canadian Co-operative Association
The Canadian Co-operative Association is a national cooperative federation for Canadian co-operatives headquartered in Ottawa, Ontario. CCA represents over 2000 co-operatives and credit unions with 9 million members...
.
Provincial Federations
- Central 1 Credit UnionCentral 1 Credit UnionCentral 1 Credit Union is a Vancouver, British Columbia-based, member-owned financial institution. It was formed in 2008 by the merger of Credit Union Central of British Columbia and the Credit Union Central of Ontario....
(British Columbia and Ontario) - Credit Union Central Alberta Limited
- SaskCentral (Saskatchewan)
- Credit Union Central of ManitobaCredit Union Central of ManitobaCredit Union Central of Manitoba is the trade association and service provider for the province’s 41 autonomous credit unions and is governed by Manitoba’s Credit Unions and Caisses Populaires Act...
- Credit Union Central of New Brunswick
- Credit Union Central of Nova Scotia
- Credit Union Central of Prince Edward Island
- Credit Union Central of Newfoundland and Labrador
- L'Alliance des caisses populaires de l'Ontario limitee
See also
- List of Canadian Credit Unions in Wikipedia
- Antigonish MovementAntigonish MovementThe Antigonish Movement blended adult education, co-operatives, microfinance and rural community development to help small, resource-based communities around Canada’s Maritimes improve their economic and social circumstances. A group of priests and educators, including Father Jimmy Tompkins, Father...
- Central 1 Credit UnionCentral 1 Credit UnionCentral 1 Credit Union is a Vancouver, British Columbia-based, member-owned financial institution. It was formed in 2008 by the merger of Credit Union Central of British Columbia and the Credit Union Central of Ontario....
- World Council of Credit UnionsWorld Council of Credit UnionsThe World Council of Credit Unions is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. Members of the WOCCU include regional and national credit union associations, cooperative associations and business service organizations in 97...
- Canadian Co-operative AssociationCanadian Co-operative AssociationThe Canadian Co-operative Association is a national cooperative federation for Canadian co-operatives headquartered in Ottawa, Ontario. CCA represents over 2000 co-operatives and credit unions with 9 million members...
- Ian MacPherson (historian)Ian MacPherson (historian)Dr. Ian MacPherson is a Canadian historian, and a supporter of the co-operative movement.-Education:MacPherson received his B.A. from the University of Windsor in 1960. After working as a high school teacher for four years, he returned to school, earning his M.A. and Ph.D...