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April 29, 2016   

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March 31, 2004

"Credit Union Firsts" commemorate a strong history of innovation

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Canadians have been credit union members for over 100 years. In 1900, ordinary working people had little access to the commercially centred banks. Organized locally, according to a co-operative model, credit unions provided urgently needed savings and lending services, at fair rates.

Today, credit unions are modern financial institutions that play a strong and vibrant role in the Canadian economy. The Canadian credit union system enjoys an enviable reputation as innovators in the financial services industry. Shown below are just some of the "firsts" that have illuminated our history and enhanced our services to Canadians. All are "First in Canada", unless otherwise qualified.









Jan Hopper Manager, Standards & Deputy Privacy Officer Credit Union Central of Canada Phone: 416-232-3414 E-mail: hopperj@cucentral.com

World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 105 countries serve 217 million people. Learn more about World Council's impact around the world at www.woccu.org.


Phone: (608) 395-2000
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