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Community Impact and Financial Literacy – 2018 Wrap Up

December 19, 2018

Indi Madar, Policy Advisor, Community Impact, Canadian Credit Union Association

It has been a great year for Community Impact and Financial Literacy! With the direction and leadership of the Community Impact Committee, and the Financial Literacy Working Group, along with the collaboration of many credit unions, in 2018 we:

  • Offered four Each One, Teach One Coach training sessions across Canada.
  • Certified 60 new Coaches, and welcomed 16 new credit unions to our growing list of partners
  • Delivered close to 600 Each One, Teach One workshops, reaching over 8,250 Canadians!
  • Collaborated with the Financial Consumer Agency of Canada (FCAC) on matters pertaining to consumer financial education. Furthermore, we continue to represent the credit union system on FCAC’s Committees.
  • Submitted a response to the Ontario government’s curriculum consultation, which focused on encouraging the inclusion of financial literacy as a compulsory component, and recognizing credit unions and caisses populaires as alternative options for procuring financial services.
  • Developed resources and coordinated discussion opportunities for credit unions engaged in, or exploring alternatives to payday loans.
  • Represented credit unions at various national events such as CMHC’s National Housing Conference and the Research Symposium on Financial Literacy.
  • Partnered with the federal government and SmartSAVER to increase credit union participation in the Canada Learning Bond.
  • Developed and hosted three webinars, a conference presentation, and launched an evergreen resource page to support credit unions in their efforts to commit to the Truth and Reconciliation Commission’s Calls to Action.
  • Participated in the development of the federal government’s Social Innovation and Social Finance Strategy.
  • Developed and launched (twice!) the first-ever Credit Union Community Impact Certificate.

Thank you for your support in 2018. We look forward to continuing our progress together in 2019.

Please contact Indi Madar should you have any questions or comments.

Happy Holidays!