Finance committee  No.

Finance committee  I'll be quite pedantic here. There are specific rules that apply for the credit unions with respect to activity within the area of incorporation in British Columbia. With the bank, while it's under the Bank Act and the federal charter, we also have to register in the provinces we

Finance committee  It is fair to say that for the line of sight for a small business member at Vancity, or a social enterprise or a not-for-profit agency at Vancity, we can explain to them in the current framework or through our central, which is part of that federal landscape at the clearings leve

Finance committee  At the top of the house, Vancity and two other credit unions in Canada are members of the Global Alliance for Banking on Values, an organization that wants to promote transparency in risk-taking and accountability in terms of community impact. OSFI oversight specifically at Citi

Finance committee  Is it with respect to amalgamation?

Finance committee  Yes. Vancity, as you know, has the privilege of being both provincially incorporated as a credit union and having a federal chartered bank solely owned. Our board of directors, elected by our members, has taken a view that the credit union's purpose is for local impact and for cr

Finance committee  I was at Vancity during the time these changes were proposed.

Finance committee  I want to thank the chair and the committee members for inviting Vancouver City Savings, or Vancity, to be part of today's discussion on Bill C-43. My name is Chris Dobrzanski, and I am the Chief Economist at Vancity Credit Union, based in Vancouver, British Columbia. I am also