Disclaimer
All comments reflect the personal opinion of the Ross McDonald and do not represent the views of any corporate organization, credit union, regulatory body, government ministry or any other organization or person. Although the author has made significant effort to ensure that presented information was accurate at the date of completion then the author does not assume any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause. Ross recognizes numerous system veterans that generously offered system memory, technical expertise and professional encouragement to support authorship of these publications. They are better, and I am wiser, for your thougthful insight. Thank you.
Statutory Liquidity Deposits – High Quality Liquid Assets (HQLA)
Treasury tactics for smaller credit unions
B.C. and ON credit unions faced new liquidity regulations; unfamiliar treasury products; and limited technology systems. Six tactics for smaller credit unions
Proportionality in financial regulations
Asset size, business complexity & risk profile should matter
BCFSA, BC credit union financial regulator, may seek maximum data collection regardless of proportionality, prudential supervisory risk or industry impact
Hello Purpose!
CFO CRO – Community Savings Credit Union
From 2020 to 2022, Ross was Chief Financial Officer and Chief Risk Officer of Community Savings Credit Union, a regulated Canadian financial cooperative
FIA / CUIA Legislative Review – Empowering CUDIC – Beyond FICOM’s Shadow
An Alternative Regulatory Structure for B.C. credit unions
CUDIC covers C$77 billion deposit insurance. It warrants full-time, permanent executive leadership and deserves independent, empowered & accountable governance
Credit Union Deposit Insurance Policy – 1 of 2
Overview, History, Pros & Cons
Western Canada credit unions have leveraged unlimited deposit insurance policy to boost growth and confidence. But it elevates moral hazard and may be expensive
Credit Union Deposit Insurance Policy – 2 of 2
Costs, Benefits & Regulation
B.C. credit unions face three policy options for deposit insurance. No right or wrong policy, but material implications for the credit union industry
System Level Leadership Vacancies – 1 of 3
Empty Seats
Empty seats. All leaders of credit union centrals and relevant provincial government entities are currently appointed on an interim, acting or retiring basis
System Level Leadership Vacancies – 2 of 3
Visionaries Wanted
Visionaries wanted. To advance impactful, perhaps disruptive, change then permanent leaders of system-level credit unions must be bold, persistent & persuasive
System Level Leadership Vacancies – 3 of 3
Glass Slippers
Glass slippers. Governance bodies need to adopt a sophisticated, pragmatic and urgent approach to recruit permanent leadership of credit union system entities
Federal Credit Union Value Propositions
Beyond Ice Cream & Sprinkles
Strategy academics may frame the value propositions of Canadian credit union as Ice cream with sprinkles, to reflect their commonalities and variations
Coast Capital Savings Credit Union
Strategy – ‘Good Morning Canada!’
Through member approval of its federal strategy, Coast Capital Savings Credit Union broadcasted ‘Good Morning Canada!’ to Canadian financial services industry
Credit union regulatory intervention
An ERM failure?
Credit unions under regulatory intervention often need remedial assistance. Does this signal ineffective Enterprise Risk Management at the credit union?
