Operational Impact from B.C. Wildfires
BCFSA has reached out proactively to credit unions in response to the wildfires across the province, noting that credit unions may experience impacts to their operations.

During this time, B.C. incorporated financial institutions are encouraged to assess the operational impact as part of their disaster recovery plan. Financial institutions that are, or expect to be, impacted by the wildfires should contact BCFSA to discuss their situation.  BCFSA is committed to supporting the regulated entities that are severely impacted by the wildfires and to providing regulatory relief in these extraordinary circumstances both now and during the recovery.

If you have questions or concerns, please contact your Relationship Manager or BCFSA at Filings@bcfsa.ca.

Market Code of Conduct – Gap Analysis
CCUA invites B.C. Credit Unions to connect regarding the market code of conduct.

Thus far, 25% of credit unions have met with CCUA, and broad interest has been identified in developing policy templates for whistleblowing and complaint handling, as this will establish the same, or similar, process for credit unions members across the province. CCUA will look to provide these templates later in the summer.

To set up a meeting, please contact Morgan Paulgaard.

Resources for the market code are available here.