Fall 2016 - Bill 32: Credit Union Amendment Act
Credit unions are a big part of Alberta’s financial industry and our communities.
Credit unions employ 3,300 Albertans full-time and serve more than 620,000 members through branches in 123 communities throughout the province.
The amendments will:
- allow credit unions to broker insurance sales, which will increase consumer choice in communities around the province
- strengthen credit unions' ability to lend to small- and medium-sized businesses
- increase transparency by requiring them to disclose salaries of the highest paid executives
- make sure that smaller credit unions have a voice in the governance board.
Bill 32 passed third reading in the Legislature on December 12, 2016.