POWELL RIVER, British Columbia — As one of the first Canadian credit union CEOs to complete CUNA's CEO Institute, Powell River Credit Union Financial Group's David Craigen is very familiar with the U.S. credit union and CUSO systems. That's why when it comes to CUSOs, he believes CUs in British Columbia could learn from their American counterparts.
According to Craigen, "CUSOs in British Columbia are the exception, not the rule" because of the diminishing number of credit unions and the high level of competition between them, especially the larger ones.
British Columbia has 51 CUs and is the largest credit union province in Canada in terms of assets. According to Craigen, one out of every three British Columbia residents is a member of a credit union.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
