The Canadian Experience: Lessons for U.S. Credit Unions?

The Age of Global Economics has arrived. "WWW" is not just a technical prefix for access to instant world-wide communication; the World Wide Web also brings global markets to local firms and global competition to local markets. The credit union movement also extends beyond national boundaries. For U.S. credit unions, one of the most valuable connections we may wish to make may be with the Canadian credit union system, and not just because they are close at hand. Although Canadian credit unions do not record the same financial outcomes as U.S. credit unions, I believe that in their business plans, the largest Canadian credit unions are "getting to the future" faster than their American counterparts.