ABERDEEN, Scotland–Plans to set up a new credit union for the Scottish farming sector have gotten stuck in the barn due to financial regulations in the United Kingdom.
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CU News From Around the Planet
ONTARIO, Canada–Ontario credit unions are receiving expanded powers to take on payday lenders in the region.
LONDON–Adult credit union membership in the United Kingdom grew by 4.32% over the 12 months to September 2015, according to new figures from the Bank of England.
NORTHAMPTONSHIRE, U.K.–Northamptonshire Credit Union has launched a Christmas Saver campaign as part of an effort to keep families from getting into debt due to the holidays.
VANCOUVER, British Columbia --Grow, one of Canada's leading online lenders, said it has entered into a collaboration with First West Credit Union to explore expansion of online consumer lending in Canada.
EDINBURGH, Scotland–Scotland’s government is recommending that all employers offer payroll deduction to allow employees to pay into credit unions.
DUBLIN, Ireland–A consultant here is recommending Ireland’s credit unions borrow a page for Canada and pool all of the assets of the country’s credit unions to then create a central organization that would act collectively.
DUBLIN, Ireland–More than 100 Irish credit unions remain subject to lending restrictions due to high delinquencies, but that number is down from nearly 200 at the peak of problems.
ONTARIO, Canada–A credit union has become this country’s first financial institution to offer socially responsible guaranteed investment (SRI) certificates.
TORONTO–Canada's national CU trade association has a new name following a reorganization.