THE globe

CU News From Around the Planet

TORONTO–Credit unions in Canada have been as reluctant as most in the United States when it comes to serving cannabis-related businesses. But now one Canadian CU is quietly moving to serve the market.

CLONAKILTY, Ireland–Clonakilty Credit Union has reached out to its members and community donate items for a special time capsule that it plans bury at the end of this year.

TORONTO—Canada’s credit unions have ranked credit unions first in overall Customer Service Excellence and Branch Service Excellence for the 12th consecutive year – among all financial institutions, according to the annual 2016 Ipsos Best Banking Awards.

BAKU, Azerbaijan–The Azerbaijan Credit Union Association sees expansion of credit unions as a means of addressing the lack of access to credit in this country.

TORONTO—Canada’s credit unions have ranked credit unions first in overall Customer Service Excellence and Branch Service Excellence for the 12th consecutive year -- among all financial institutions, according to the annual 2016 Ipsos Best Banking Awards.

WINDSOR, Ontario–Windsor Family Credit Union is to become the first in this province to tackle the payday loan industry by offering an alternative product. Windsor Family will be offering small-dollar, short-term loans at 37% APR, according to the CU’s CEO, Eddie Francis, who announced the new offering during the Association of Municipalities of Ontario annual conference.