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.
In addition to providing general legal advice to credit unions, we help credit unions in the following areas:
credit card suppliers
securitizations and financings
purchase and sale of mortgage portfolios
employment and wrongful dismissal
advice to boards of directors
drafting of rules
purchase and sale of insurance and financial planning agencies