New offering will be a “full-service alternative” to Canada’s big banks
The guide sets out the two phases of that application process and outlines the information that must be submitted in support of an application to the finance minister
New Brunswick-based caisse populaire switches to federal charter
Qtrade will provide the credit union and its subsidiary access to its full-service platform for investment services
Proposals include raising the deposit insurance coverage limit and allowing CUs to own insurance brokerages
OnPoint Fee-Based Account, which has been rolled out over the past several weeks, allows advisors at Credential’s credit union partners to charge a set percentage fee
Credit unions argue that, because they cannot own insurance subsidiaries, they shouldn't be subject to same rules as banks
New, larger institution would be able to take on the banks
Former Manulife VP will succeed Charles Milne, who has agreed to stay on and help manage the transition until his retirement on Aug. 31
Credit union wants to attract customers bothered by rising banking fees