Why BC's Credit Unions Aren't Melting Down
In all the uproar this autumn about the global financial crisis, one local group of institutions hasn't been in the news. B.C. credit unions. Are they in any trouble? To find out, I talked to Chris Catliff, CEO of North Shore Credit Union, and Ian Smith of Central 1 Credit Union, as well as Charles Priester, a financial consultant based in Metchosin. In general, what they had to say was reassuring.