Traduction de «coopérative de crédit » (Français → Anglais) :

In November 2016, the Commission proposed an amendment to the EU's capital requirement rules for banks, empowering it to exempt the entire credit union sector of a Member State.

It also amends the Bank Act and the Cooperative Credit Associations Act in order to facilitate the entry of provincial cooperative credit societies into the federal credit union system and to discontinue supervision of provincial central cooperative credit societies by the Office of the Superintendent of Financial Institutions.

(a) if a person has a substantial investment in a federal credit union under subparagraph (1)(c)(i) and the person, or any entity controlled by the person, purchases or otherwise acquires beneficial ownership of shares or membership shares of the federal credit union or acquires control of any entity that beneficially owns shares or membership shares of the federal credit union, the acquisition is deemed to cause the person to increase a substantial investment in the federal credit union if the percentage of the members’ and shareholders’ equity of the federal credit union represented by the aggregate of the shares and membership shares ...[+++]of the federal credit union beneficially owned by the person and by any entities controlled by the person exceeds 25 per cent of the members’ and shareholders’ equity of the federal credit union; or

(2) For the purposes of Part 1, a local cooperative credit society, a cooperative credit association, a central cooperative credit society or a federation of cooperative credit societies is deemed not to be a loan company or a trust company.

(2) If in the course of the liquidation of a federal credit union the members resolve, or the liquidator proposes, to exchange all or substantially all of the remaining property of the federal credit union for securities of another entity that are to be distributed to the members or to members and shareholders — or to distribute all or part of the remaining property of the federal credit union to the members or to members and shareholders in kind — a member or shareholder may apply to the court for an order requiring the distribution of the remaining property of the federal credit union to be in money.

The credit union group includes the following companies: Astra Credit Union, which is based in Winnipeg; Capital City Savings & Credit Union of Edmonton; Credit Union Atlantic, which is based in Halifax; Delta Credit Union, which is located here in the Lower Mainland of B.C.; Grand Forks, which we have already introduced; Gulf & Fraser Fishermen's Credit Union, again in the Lower Mainland of B.C.; Metro Credit Union from Toronto; my credit union, which operates in the north coastal region of B.C.; Richmond Savings Credit Union from the Lower Mainland; Sherwood Credit Union from Regina; The Civil Service Co-operative ...[+++] Credit Society Limited, headquartered in Ottawa, but with membership throughout the country; Vancouver City Savings; and Citizens Bank.