Credit Unions in BC Win Awards for Innovation

| Business, Community, Environment, Youth |


Six Credit unions in Ontario and British Columbia were honoured on November 6 as Central 1 Credit Union presented its 2009 Innovation Awards.

The awards were presented to winners and runner-ups in three categories:   (1) an innovative retail, business or insurance product or a new source of income; (2) an innovative method to deliver services to members; and (3) an innovative approach to operations. Two overall awards were presented — Innovation on a Shoestring and Overall Excellence in Innovation.

In the Product Category, Kingston Community Credit Union won for its student account and delivery method named "Like, all Free." Envision Credit Union was the runner-up for "Step Up", a cashable, tiered-rate term deposit. Kingston Community also won the Innovation on a Shoestring Award.

The winning entry in the Service Category came from Teachers Credit Union, which was recognized for its "Money Camp for Kids". Runner-up was Nelson & District Credit Union, for its "100 Mile Mortgage – Keeping Interest Local."

Meridian Credit Union, winner of the Overall Excellence in Innovation Award, was also the winner in the Operations Category for its Web 2.0 tools, social media applications and cuinnovate network. Grand Forks District Savings Credit Union was named runner-up for its Unified Enterprise Content Manager program.

(Thanks to the CCA’s Co-operative News Briefs for this item.)