Smaller banks and credit unions have been servicing the industry, Fitch notes
The merger represents Alterna’s second deal with a Toronto-based credit union in less than six months
Consolidation has led to fewer credit unions, but the number of branches remains unchanged, says DBRS
Martha Moen brings an extensive background in retail banking, strategy, and wealth management
The trend to fatter margins is expected to continue as interest rates climb
Ontario credit unions close their merger agreement
Desjardins Ontario Credit Union will officially open on Jan. 1, 2020
BCU advisors gain access to the Raymond James wealth-management platform
Combined, Alterna Savings and Toronto Municipal Employees’ Credit Union will have more than 165,000 members and $7.3 billion AUA
Two credit unions are piloting the service, which Central 1 designed to be compatible with Amazon’s Alexa