You tend, not without reason, to use the English term credit union, when you describe the situation specific to the rest of Canada. However, I've previously worked in Manitoba, in particular, where there is an act concerning the caisses populaires which, in English, is called the Credit Union Act. In Manitoba, a credit union is a caisse populaire. If in Manitoba, a credit union, that is a caisse populaire, decided to follow the model proposed here, would it become a federally regulated caisse populaire?
On May 11th, 2010. See this statement in context.