There are many challenges facing credit unions in today’s environment. Increased regulation. Compressed margins. More competition. It is important to have lawyers who understand the system and who know the people in it.
Credit union law is not the same as the law in other industries. Your lawyer needs to understand what is important to credit unions and what drives them. He or she needs to recognize the unique cooperative nature of credit unions and the importance of doing what is best for the members. Just having “any lawyer” will not do.
We have acted for over half of the credit unions in BC’s credit union system. We have acted for some of the largest credit unions and for some of the smallest. We have been involved with almost every merger in BC since 2000. We also act as General Corporate Counsel for a number of credit unions, including Stabilization Central Credit Union of British Columbia.
We are also at the forefront of helping credit unions cooperate together by setting up and operating credit union service organizations (CUSOs). We have done extensive work with the Solutions Centre and many other CUSOs.
As part of our commitment to providing legal education to our clients, some of our EKB partners have recorded a series of videos for our credit union clients related to key legal issues.
In addition to providing general legal advice to credit unions, we help credit unions in the following areas:
- banking systems
- credit card suppliers
- securitizations and financings
- purchase and sale of mortgage portfolios
- employment and wrongful dismissal
- privacy compliance
- corporate governance
- advice to boards of directors
- drafting of rules
- purchase and sale of insurance and financial planning agencies
- interaction with FICOM
- general regulatory compliance
Amendments to British Columbia’s PPSA
June 21, 2019Credit Unions and Banking Terminology: Potential for Legislative Change Offers Solution
August 17, 2017Employment Law Essentials: Discriminatory Action Complaints – What employers need to know
August 30, 2016Employment Law Essentials: Are Your Contractors Really Contractors? Classifying Workers as Independent Contractors or Employees
August 16, 2016Employment Law Essentials: Negligent Misrepresentation – pitfalls for employers in the hiring process
August 2, 2016Employment Law Essentials: When is a probationary employee not a probationary employee?
July 22, 2016How to Protect and Transfer Employee Personal Information Internationally from Canada
January 8, 2016Administrative Decisions and Judicial Review: A Primer
September 27, 2015