TORONTO - Several banks and credit unions in three Ontario cities are offering to help businesses lower interest rates on their business loans or lines of credit if they hire disadvantaged Canadians.
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CU News From Around the Planet
SYDNEY, Australia–Qantas Credit Union has officially changed its name in what it described as a bid to differentiate itself from its competitors.
EDINBORO, Scotland–Prospective candidates for the Co-operative Party in this country have pledged to help make Scotland a credit union nation.
DONCASTER, U.K.–A nationwide campaign has been launched to stymie rent-to-own stores in this country that critics say charge thousands of pounds for household goods, far above their cost elsewhere.
PORT OF SPAIN, Trinidad–A deal between the Cooperative Credit Union League of Trinidad and Tobago and the Association of Chartered and Certified Accountants is being called a “triumph” for the 500,000 members of the CU, according to the CCULTT’s CEO, Joseph Remy.
NORTH DUBLIN, Ireland–A number of credit unions in North Dublin are planning a merger in a move that could create one of the largest credit unions in the region.
BRISBANE, Australia–The payout of $37,000 to the directors of a credit union here that is being merged out of existence has become the subject of some controversy.
MONTERREY, Mexico–Mexican credit unions are of high economic importance to the country's overall operating environment, according to Fitch Ratings.
DUBLIN, Ireland–The Irish League of Credit Unions said it is willing to put up €5 billion to help the housing crisis.
SASKATOON, Sask.–A Saskatchewan credit union is taking steps to fulfil a recommendation made by the Truth and Reconciliation Commission that businesses strengthen ties with indigenous communities.