The recent success of credit unions, including an overall increase in loan originations and new mortgages this past summer, was recently profiled in Canadian Mortgage Professional.
“…credit unions tend to have more of a local focus than major banks in Canada, with closer proximity to decision-making and better knowledge and information of the local region as a result.” – Marc-André Pigeon, director and strategic research fellow at the University of Saskatchewan’s Canadian Centre for the Study of Co-operatives
You can read the full article on Canadian Mortgage Professional’s site here.