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Credit Union Guidebook
Retail Impact Investing A GUIDEBOOK FOR CANADIAN CREDIT UNIONS FOREWORD Impact investing has the potential to be a growth opportunity and differentiator for the Canadian credit union sector. Today, impact investment options exist primarily for institutional and accredited investors. The opportunities for everyday investors to generate a return, while generating positive impact, are limited – this, despite evidence of market interest led by millennials and others. Credit unions are well positioned to tap into this opportunity. A core part of their mission is to ensure the financial, social and environmental well-being of the communities they serve: a mission that is aligned with the principles of impact investing. We see this Guidebook as a tangible resource to help credit unions address a marketplace gap and empower members to make investments that will have demonstrable, positive impacts in their communities. The Guidebook offers credit unions of all sizes and at all stages of their social responsibility journey actionable ideas of how to create and deploy retail impact investment products for their members. The guide also points to recommendations that the credit union sector as a whole can undertake. The Canadian Credit Union Association (CCUA) is committed to working with credit unions to explore how these recommendations can be advanced. We welcome your ideas and feedback - contact us at www.impactinvesting.ca/contact. CCUA is proud to have partnered with Purpose Capital, Employment and Social Development Canada, as well as a number of interested credit unions, to develop and share the research in this Guidebook. We want to extend our gratitude to Affinity Credit Union, Alterna Savings and Credit Union, Assiniboine Credit Union, Conexus Credit Union, DUCA Financial Services Credit Union, Libro Credit Union, Mennonite Savings & Credit Union, Meridian Credit Union, Servus Credit Union and Vancity Credit Union for their support and contribution to the development of this Guidebook. -
WAKE up CALL: Navigating New Pathways for Corporate Community Investment in Canada 1 Contents
Navigating New Pathways WAKE for Corporate Community UP CALL: Investment in Canada WAKE UP CALL: Navigating New Pathways for Corporate Community Investment in Canada 1 Contents Acknowledgments 3 Foreword 5 Introduction 6 Social shifts impacting community investment from our research 8 1 The Uneven Pandemic: Profound inequalities exacerbated by COVID-19 9 2 Time for Racial Justice: The role of companies in supporting racial equity 13 3 The Great Cataclysm: Nonprofits during COVID-19 19 4 The Constant Pivot: COVID-19 reaped a fertile ground for nonprofit innovation 22 5 Unrestricted Funding during COVID-19: Building on what’s worked 27 6 Companies Stepped Up: Funding flowed during COVID-19 but could be cut-off 32 7 Engaging Virtual Employees: New challenges, new opportunities 35 8 The CEO as Social Advocate: Increasing expectations on Corporate Canada 40 9 Partnering for Impact: Problems too big to tackle on our own 43 10 COVID-19 and Climate Change: Learning from the pandemic 48 Conclusion 53 Endnotes 56 WAKE UP CALL: Navigating New Pathways for Corporate Community Investment in Canada 2 Acknowledgements We would like to acknowledge the following individuals who were quoted, interviewed, provided feedback, or otherwise had significant influence on this report. The opinions expressed in this report are those of the author, and do not necessarily reflect those quoted, acknowledged, or otherwise supporting the research. Author: Steven Ayer Eugenia Addy, CEO, Visions of Science Project Managers: Devon Hurvid & Émilie Pontbriand Brent Barootes, -
Live Canadian Bank and Supplier Connections NAME TYPE
Live Canadian Bank and Supplier Connections NAME TYPE ENHANCED Alterna Savings Banks and Credit Cards Amazon.ca Rewards Visa from Chase Banks and Credit Cards American Express (Canada) Banks and Credit Cards YES American Express Merchant Services (EUR) Banks and Credit Cards Assiniboine Credit Union Banks and Credit Cards ATB Financial (Business) Banks and Credit Cards YES ATB Financial (Personal) Banks and Credit Cards BMO Debit Card Banks and Credit Cards YES BMO Nesbitt Burns Banks and Credit Cards BMO Online Banking for Business Banks and Credit Cards Canadian Tire Options MasterCard Banks and Credit Cards Canadian Western Bank Banks and Credit Cards YES Capital One Mastercard (Canada) Banks and Credit Cards CHASE Bank Canada Banks and Credit Cards CIBC Banks and Credit Cards YES CIBC Wood Gundy Banks and Credit Cards Coast Capital Savings Banks and Credit Cards YES Costco Capital One Credit Card Banks and Credit Cards CUETS: Choice Rewards Mastercard Banks and Credit Cards Desjardins Business Banks and Credit Cards Desjardins VISA Banks and Credit Cards Envision Financial Banks and Credit Cards First National Financial Banks and Credit Cards Ford Credit (Canada) Banks and Credit Cards HBC Credit Card Banks and Credit Cards Home Depot Consumer Credit Card (Canada) Banks and Credit Cards Home Depot Revolving Commercial Charge Card (Canada) Banks and Credit Cards HSBC Bank Canada Banks and Credit Cards HSBC MasterCard Banks and Credit Cards Interior Savings Credit Union Banks and Credit Cards Island Savings Banks and Credit Cards MBNA -
Meridian - Mortgage Broker Services David Johnson | Business Development Manager Updated: Sept 23, 2019 Tel: (416) 597-4444 Ext
Meridian - Mortgage Broker Services David Johnson | Business Development Manager Updated: Sept 23, 2019 Tel: (416) 597-4444 ext. 2521 Our underwriting policy supersedes that of any other underwriter, including that of our High Ratio Insurers. GENERAL GUIDELINES All Applicants will: Live and work in Ontario and be within an hour’s drive to one of our 90 Retail Branch locations. Google maps drive time estimate from principal residence will help guide the decision. (mid-day, Monday to Friday commute) Meridian Retail branches can be found across Ontario from Ottawa to Windsor http://www.meridiancu.ca/find-us/our- locations/Pages/default.aspx If you feel that a particular client and their property merit a location exception request – please connect with our BDM: [email protected] and ask him to review the details of your file. If David is prepared to make a location exception – you would then submit the file, with that exception from David referenced in your notes Complete a Membership application at the most convenient branch to their residence or work and purchase a $1 Membership share prior to funding. Non-resident and non-permanent resident borrowers are not permitted. No 900 series SINs. We do not lend to those on Work Permits or Visas, including Student Visas. We do not have a New to Canada program For Purchase applications, we do not allow for second mortgages to be placed behind the requested Meridian first mortgage LENDING POLICY GUIDELINES Minimum mortgage amount is $30,000 – in a refinance, the minimum amount added to an existing Meridian mortgage is $30,000 APPRAISER QUALIFICATIONS & APPRAISALS All conventional mortgage & Line of Credit requests must be supported by an appraisal. -
Rule D4 Institution Numbers and Clearing Agency/Representative Arrangements
RULE D4 INSTITUTION NUMBERS AND CLEARING AGENCY/REPRESENTATIVE ARRANGEMENTS 2021CANADIAN PAYMENTS ASSOCIATION This Rule is copyrighted by the Canadian Payments Association. All rights reserved, including the right of reproduction in whole or in part, without express written permission by the Canadian Payments Association. Payments Canada is the operating brand name of the Canadian Payments Association (CPA). For legal purposes we continue to use “Canadian Payments Association” (or the Association) in these rules and in information related to rules, by-laws, and standards. RULE D4 – INSTITUTION NUMBERS AND CLEARING AGENCY/REPRESENTATIVE ARRANGEMENTS TABLE OF CONTENTS IMPLEMENTED ............................................................................................... 3 AMENDMENTS PRE-NOVEMBER 2003 ........................................................ 3 AMENDMENTS POST-NOVEMBER 2003 ..................................................... 3 INTRODUCTION ................................................................................................................. 6 ELIGIBILITY......................................................................................................................... 6 INSTITUTION NUMBERS ................................................................................................... 6 AMALGAMATION AND ACQUISITION .............................................................................. 6 NON-MEMBER ENTITIES .................................................................................................. -
Past Attendee List
Oct 14-15, 2020 | Toronto, ON Past Attendee List CustomerExperienceCanada.com Takes place in Toronto on October 14-15, 2020. It provides Customer Experience executives with innovative approaches to improving their bottom line with an enhanced and cutting-edge customer experience strategy. Join us at the 9th annual edition of this exclusive event to generate high quality leads that will drive your sales pipeline. Your attending field sales team will have one on one interactions with senior buyers, who are expected to spend $50mm+ on customer experience solutions over the next 12 months. Industry leaders speaking at the event include Sherif Mityas, Chief Experience Officer of TGI Fridays, Roy Ben-Alta, Head of Global Data & Analytics Practice at Amazon Web Services, Daniel Kerzner, VP Customer Experience from Virgin Atlantic and more. Agenda themes: • CX- From Average to Exceptional • Measuring CX Effectiveness • Big Data and CX • Voice of the Customer • Voice of the Employee • Customer Emotions • CX Improvement & Innovation Interested in generating leads from the buyers attending the event, to build your sales pipeline? CustomerExperienceCanada.com 2 contact: [email protected] • 416-944-9200 x 241 Who You Can Meet... Chief/VP/Director of Finance Chief / VP / Director Marketing Customer Experience Government & Utilities Crown Corps 21% 18% 23% 33% Retail Industry Stakeholders 12% Titles 7% Industries 16% VP/Director/ 7% Hospitality & Food Head Customer 10% 8% Service, Utilities 7% Other 9% 13% Customer Care 8% 9% Transportation -
Innovation Credit Union 2012 Annual Report
Innovation Credit Union 2012 Annual Report Innovation Credit Union 2012 Annual Report Contents Board and Executive ..............................................1 Co-operative Principles .........................................5 Board President Message .....................................2 Our Company............................................................6 CEO Message ............................................................3 CUDGC Message ......................................................7 Purpose, Desired Future State, and Measuring Performance - Vision Story ...............................................................4 2012 Strategic Intents ............................................8 2012 Innovation Credit Union Board of Directors Gord Lightfoot Ian Twidale Mike Davis Bruce Sack Russ Siemens Jerome Bru Bill Volk Audrey Yee Betty Goddard Darlene Kingwell i Executive Team Daniel Johnson Earl Hanson Sheldon Hess Kent Jesse Tim Sletten Chief Executive Officer Chief Risk Officer Chief Financial Officer Chief Innovation and People Chief Retail Officer Officer Annual Report 2012 • 1 Innovation Credit Union 2012 Annual Report A Message from Your Board President Innovation is all about how we serve our members’ financial needs. As a financial cooperative we stay in touch with our members through the democratic process of board elections. Our board is committed to providing the best financial service to our membership. Planning is an important board function. Our board developed a plan for our credit union that will build -
Banking Needs for Leaders January 17, 2019 Presented by Chris Sicotte
Banking Needs for Leaders January 17, 2019 Presented by Chris Sicotte Financial Services Professional with over 26 years of experience Experience in both consumer & commercial banking Board Member of AFOA Saskatchewan & Former Board Chair of AFOA Canada Also member of the following Boards & Committees: Greater Saskatoon Chamber of Commerce (1st Vice Chair) City of Saskatoon Cultural Diversity & Race Relations Committee (Chair) Saskatchewan First Nations Family & Community Institute Inc. Provincial Métis Housing Corporation AIDS Saskatoon Kitotaminawak Parent/Community Council – Oskayak High School What makes the financial institutions different? Banks Governed under the Bank Act Personal deposits insured by Canada Deposit Insurance Corporation up to $100,000 Generally speaking commercial deposits are not covered under CDIC insurance For profit corporations, little or no Indigenous representation on Boards. Trust Companies Governed under Provincial legislation Generally operate the same as Banks (i.e CDIC insurance) Some restrictions on lending practices Also for profit corporations Credit Unions in Saskatchewan Operate under the Credit Union Act Provincially regulated All deposits are 100% insured by Credit Union Deposit Guarantee (“CUDG”) Financial co-operatives, founded on Co-operative values Recent changes have allowed Credit Unions to be Federally regulated. Main change = move to CDIC insurance vs. CUDG Main Services Regardless of whether it’s a Bank, Trust Company, or Credit Union all 3 offer the same core -
Innovation Speed to Market Report How Financial Sector Firms Manage Innovation Projects to Meet Timelines and Customer Needs
Innovation Speed to Market Report How Financial Sector Firms Manage Innovation Projects to Meet Timelines and Customer Needs by Jim Van Dyke Founder and CEO of Futurion Fintech and Research Expert Presented by 1 Innovation Speed to Market Report About the Presenters CI&T, the digital technology solutions partner for the world’s biggest companies, is a pioneer at delivering speed at scale through the application of design thinking, lean principles, agile development and advanced tech, including Machine Learning/AI, Advanced Analytics, Cloud and Mobility. For over 20 years, CI&T has been a trusted partner for the most complex global engagements inside companies that include Coca-Cola, Google, Metlife, Johnson & Johnson, AB-InBev, Itaú and Motorola. Founded in 2006, Comrade is a strategy and customer experience design agency based in the San Francisco Bay Area that partners with clients in the technology, healthcare, financial services and nonprofit sectors to improve customer engagement and bring new innovations to market quickly. Clients include two of the top five U.S. banks, the world’s largest asset manager and 37 For more information about CI&T fintechs, among others. and Comrade contact: Comrade and CI&T recently joined forces, uniting 2500 strategists, designers and Thelton McMillian developers worldwide to rapidly deliver Founder & CEO of Comrade experiences people love. [email protected] Together, we are thoughtfully fast. www.ciandt.com www.comradeagency.com 2 Innovation Speed to Market Report About the Author Jim Van Dyke, CEO of Futurion, is a research-based technology consultant, helping leaders capture the future of digital fintech and identity trends. -
A Guide to Canada Emergency Business Account (CEBA)
A Guide to Canada Emergency Business Account (CEBA) Overview: Originally launched on April 9, 2020, CEBA is intended to support businesses by providing financing for their expenses that cannot be avoided or deferred as they take steps to safely navigate a period of shutdown, thereby helping to position businesses for successful relaunch when the economy reopens. This $55 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000). As of June 26, 2020, businesses eligible for CEBA now include owner-operated small businesses that do not have a payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll. This means that more small businesses can access it. Applicants with $20,000 or less in payroll in 2019 will have to demonstrate having Eligible Non-Deferrable Expenses between Cdn.$40,000 and Cdn.$1,500,000 in 2020. Expenses are considered “Eligible Non-Deferrable Expenses” if they were already incurred in January and/or February 2020, or are due to a legal or contractual obligation as at March 1 and cannot be avoided or deferred beyond 2020 even during a period of shut down and depressed revenues as a result of COVID. CEBA is not intended to provide income support, or support for variable operating expenses to businesses. CEBA applicants agree that the government may conduct audits to confirm the nature of the expenses applicants use to establish their eligibility for CEBA, and acknowledge that inaccuracies may lead to legal consequences. -
Past Attendee List
April 20 - April 21, 2021 Past Attendee List CXFinancialServices.com Interested In Sponsoring? contact: [email protected] • 1-866-298-9343 x 241 The Customer Experience for Financial Services Summit is North America’s only Financial Services event exclusively dedicated to Customer Experience. This specialized summit will take place virtually on April 20th - 21st, 2021. Generate exclusive high-quality leads and build lasting relationships that will drive your 2021 sales pipeline. Our community of Customer Experience professionals represent an untapped market that is actively looking to invest in innovative solutions now. Our carefully curated roster of industry-leading speakers includes; Cindy Jeffrey, Vice President of Customer Experience Canada at Manulife, Katherine Lucas, Global Head of Client Experience at State Street, Arnaud Jammaers, Vice President, User Experience Digital Solutions at MASTERCARD and many more. Agenda themes: • CX- From Average to Exceptional • Measuring CX Effectiveness • Big Data and CX • Voice of the Customer • Voice of the Employee • Customer Emotions • CX Improvement & Innovation Interested In Sponsoring? contact: [email protected] • 1-866-298-9343 x 241 CXFinancialServices.com 2 Who You Can Meet... Audience Breakdown Invesment/Wealth Chief/VP/Director of Management Chief / VP / Director Marketing Customer Experience 21% 28% Banks, Insurance Credit Unions 33% & Credit Cards Titles Audience 32% 16% 5% VP/Director/ Other Industry Head Customer Stakeholders 8% Service, 19% Other 13% Customer -
Report to Council
Report to Council To: Mayor Linton and Members of Council Report: PLN2020-07 Prepared By: Brett Salmon, Managing Director of Date: 29 Jun 2020 Planning and Development RE: Service Financing Agreement and Subdivision Agreement for Phase 1 of Draft Plan of Subdivision 23T-15001 Recommendation: THAT the Council of the Township of Centre Wellington authorize the Mayor and Clerk to execute a Subdivision Agreement and a Service Finance Agreement between the Corporation of the Township of Centre Wellington and Haylock Farm LTD Summary: Draft Plan 23T-15001 was draft approved by the Local Planning Appeal Tribunal. The draft plan is subject to a number of conditions of approval, including the requirement for a service financing agreement and a subdivision agreement. Report: Draft plan of subdivision 23T-15001 received the approval of the Local Planning Appeal Tribunal (LPAT) through a decision dated July 25, 2018 and an Order dated January 8, 2019. The approved draft plan of subdivision provides for the division of the land into lots and blocks to accommodate between 317 and 469 dwelling units, as well as blocks storm water management, active and forpassive parkland, trail corridors, and pedestrian walkways. The LPAT Order sets out a total of 47 draft approval conditions that incorporate the requirements of the Township, the County, the Grand River Conservation Authority, and the Upper Grand District School Board. It is through the provisions of a subdivision agreement that the Township ensures that the Developer completes the subdivision in accordance with the draft approval conditions required by the Township. The GRCA and the Upper Grand District School Board also rely on the municipal subdivision agreement to ensure its conditions are implemented.