TORONTO–Canada's national CU trade association has a new name following a reorganization.
The Canadian Credit Union Association represents a reorganization of and new name for Credit Union Central of Canada. It has been formed to represent Canada's credit unions and caisses populaires (outside of Quebec). The group said it “is the first, national credit union governed organization in Canada, distinct in its commitment to co-operative values.”
The CCUA was formed by 316 CUs and caisses populaires with more than $185.7 billion in assets, representing more than 5.57 million members. Overall, the World Council reports that there are more than 10 million CU members in Canada.
The new association said its mandate and priorities are focused on national advocacy, regulatory compliance, professional development and education, and building awareness about the credit union difference.
"The creation of the Canadian Credit Union Association and the transfer of the assets of the former Credit Union Central of Canada, comes at an important time: through a shared vision of success, credit unions have never been better positioned to create a more vibrant future for Canadians — one that is built on the strengths and diversity of co-operative finance," said Martha Durdin, president and CEO, Canadian Credit Union Association, in a released statement.
The group’s first chairman is Stephen Bolton, president and CEO of Libro Credit Union in London, Ontario.