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Canada’s Credit Unions are Driving Innovation in the Financial Sector

Published Date: Aug 12, 2022

With advancements in technology shaping every aspect of our daily lives, modern businesses are tasked with adapting and curating their products and services to ensure they are intuitive and continue to serve their clients' needs.

Canada's credit unions have been leaders of innovation since day one. Credit unions across Canada have recognized the growing influencing of technology on their everyday business practices and have launched innovative projects to help them adapt to the changing financial landscape and continue to provide a first-class client experience for their credit union members.

Below are a few examples of how credit unions have implemented innovative practices to support their members and the Canadian economy.

Conexus Credit Union

As a forward-thinking credit union, Conexus Credit Union is constantly looking for ways to support its members and communities. In 2021, Conexus Credit Union launched Emmertech - a $60 million venture capital fund focused on addressing the challenges in the Canadian agtech industry and helping startups take their businesses to the next level. To learn more about the project, click here.

First West Credit Union

Since its creation in 2010, First West Credit Union has worked tirelessly to serve the collective good. The natural next step to achieve this goal, was expanding their horizons beyond provincial borders and becoming a federally credit union. In 2021, First West Credit Union launched the "let's keep a good thing growing" campaign which highlighted the credit union's efforts to become federally regulated in an effort which help the credit grow and relevant for now and generations to come. To learn more about this project, click here.

Coast Capital Savings Credit Union

In 2021, Coast Capital Savings launched "Money Chat" an all new service, channel, disruptive innovation designed to meet the rapidly evolving needs of our members and prospective members across Canada and help them achieve financial wellbeing. The updated tool was designed to elevate and standardize our advice experience and digitize access to new markets.

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