Credit Union Central of Canada is the national cooperative federation for credit unions in Canada, outside Quebec. It is owned by five provincial or regional centrals - Atlantic Central, Central 1 Credit Union, Credit Union Central Alberta Limited, Credit Union Central of Manitoba and SaskCentral - and a federation of caisses populaires - l'Alliance des caisses populaires de l'Ontario limitee.
Governed by a board of ten directors appointed by the five Central member-shareholders, Credit Union Central of Canada (also known as "Canadian Central") provides trade association services to the credit union system. It has offices in both Toronto and Ottawa. The main office in downtown Toronto provides communications, conference and knowledge transfer services as well as being the headquarters of CUSOURCE Credit Union Knowledge Network, the national learning and development facility for the credit union system, while the Ottawa office provides government relations and advocacy for federal legislators, as well as research and policy analysis.
As of September 30, 2012, there were 357 credit unions and caisses populaires affiliated with Credit Union Central of Canada. These operated 1,761 branches across the country with 5.3 million members and $149.7 billion in assets. The largest credit unions in Canada, outside Quebec, include Vancity, Coast Capital Savings, Servus Credit Union, Meridian Credit Union, First West Credit Union, Conexus Credit Union, Steinbach Credit Union, Assiniboine Credit Union, Cambrian Credit Union and First Calgary Financial.
Canadian Central is a member of the Canadian Co-operative Association, the Canadian Payments Association and Interac. It also represents Canadian credit unions internationally through the World Council of Credit Unions.
Read more about Credit Union Central Of Canada: History, Members
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“The thief steals from himself. The swindler swindles himself. For the real price is knowledge and virtue, whereof wealth and credit are signs. These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.”
—Ralph Waldo Emerson (1803–1882)
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—James Connolly (1870–1916)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“Though the words Canada East on the map stretch over many rivers and lakes and unexplored wildernesses, the actual Canada, which might be the colored portion of the map, is but a little clearing on the banks of the river, which one of those syllables would more than cover.”
—Henry David Thoreau (1817–1862)