Credit Unions and Remittances:
An Environmental Scan

Start time: Nov. 30, 2016 1:30 PM EST 
End Time:  2:30 PM EST 
The market for remittances - small, regular money transfers to migrants' home countries - is enormous but fragmented. Existing options for international money transfers are reliable but can be costly and, with a few exceptions, new technology has had limited uptake.

Remittances are an opportunity for Canada's credit unions to attract new members and offer an essential financial service at lower-than-existing rates while, at the same time, helping the federal government meet a G-20 commitment to reduce remittance fees.

To seize this opportunity, credit unions need to leverage their high-touch member services and their willingness to innovate and embrace new technologies. That's the main conclusion that Derek Cameron, manager of programs at the Canadian Co-operative Association, draws from his environmental scan of the Global and Canadian remittance sector for CCUA and the Filene Research Institute.

Join the conversation on November 30th at 1:30 pm EST, as Mr. Cameron explores this idea, discusses practical steps credit unions can take to expand into this market, and reviews case studies of credit unions that have already seized the opportunity. 

CANADIAN CO-OPERATIVE ASSOCIATION (CCA) is a not-for-profit co-operative incorporated under the Canada Co-operatives Act and which operates as a subsidiary of Canada's national association of co-operatives and credit unions, Co-operatives and Mutuals Canada (CMC). CCA's mission is to establish and grow co-operatives, credit unions, and community-based organizations to reduce poverty, build sustainable livelihoods, and improve civil society in less developed countries. CCA proudly delivers programs for the Co-operative Development Foundation of Canada (CDF), a nationally registered charity which helps communities fight poverty and create more secure lives through community-owned co-ops. 
 THE CO-OPERATIVE DEVELOPMENT FOUNDATION OF CANADA (CDF) is a registered charitable organization that works to alleviate poverty by building and strengthening financial and non-financial co-ops in Canada and around the world. CDF works with the Canadian Co-operative Association (CCA) and other organizations to implement development projects on its behalf.