Bill 68 Passes, Opening New Alternative Capital Raising Options for Ontario Credit Unions
As noted in our Fall Economic Statement brief, the Ontario government proposed legislative amendments to the Credit Unions and Caisses Populaires Act, 2020. These…
December 9, 2025
CCUA Submits Letter to Minister of Justice on Membership Termination
On December 4, CCUA submitted a letter to Minister of Justice Tim McLeod regarding the membership termination process outlined in The Credit Union Amendments…
Ontario Government Releases 2026 Budget Consultation and More
The Ontario government has released their 2026 Budget consultation with an end date of January 30, 2026. Please find the consultation here. CCUA is…
EQ Bank Acquires PC Financial from Loblaws
EQB Inc., the parent company of Equitable Bank, has announced that it is acquiring PC Financial and its related insurance companies from Loblaws for…
OSFI Hosts Q4 Industry Day
On December 4, OSFI held its final quarterly release day of 2025, where OSFI staff made presentations and answered questions on matters introduced two…
Modernized FCAC Commitment on Low-Cost and No-Cost Accounts Now in Effect
As of December 1st, 2025, Canadians can access bank accounts costing no more than $4 per month as part of a new (or modernized, as…
CCUA Provides Overview and Analysis of Budget Implementation Act 2025
CCUA has provided an overview and analysis of key provisions relevant to the credit union sector Bill C-15, Budget Implementation Act, 2025, No. 1. Bill…
Central 1 and Collabria Financial Announce Three Year Extension to National Credit Card Program Agreement
Central 1 and Collabria Financial Services Inc. recently announced that the National Credit Card Program (NCCP) has approved a three-year extension to its existing…
December 8, 2025
Sunrise Credit Union Gives Over $29,000 To Community Initiatives in Manitoba Through Building Community Grant Program
Sunrise Credit Union recently announced that it has awarded $29,550 through the fall edition of the Building Community Grant Program to select community organizations…
December 3, 2025
FINTRAC Publishes Advisory on Financial Transactions Related to Countries Identified by the FATF
On November 28th, 2025, FINTRAC issued a notice alerting reporting entities to heightened risks in transactions involving certain countries identified by the Financial Action…
