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Credit Unions & Co-Operatives

Against this backdrop of innovation and change, it is essential for credit unions to have counsel that can help navigate the complex regulatory environment, provide practical, strategic and creative advice.
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New technology, increasing competition and new opportunities to carry on business across Canada are transforming the credit union system.

Fasken is a leader in the credit union sector. We advise credit unions on their most significant matters, including M&A, regulatory issues, strategies for carrying on business across Canada, and leveraging technology to effectively compete.


We understand the dynamics and unique issues facing cooperative institutions. We combine this with deep expertise in the business and regulation of banks to provide credit unions with strategic and practical advice on how to adapt to changing business and regulatory environments.


We are on the front line in advising on products and services currently offered and adapting them to initiatives such as mobile wallets and mobile payments. We also have a strong presence in the credit card space as we provide advice to many of the largest credit card issuers in Canada. We have expertise on loyalty programs, co-brand credit and debit card programs, prepaid cards, stored value cards and consumer disclosure related to these products.


We have a retail banking team composed of experts in consumer cost of borrowing disclosure, AML, credit reporting, privacy, anti-spam, advertising and electronic commerce – all focused on retail banking products and consumer-facing legal issues.


We have a national practice, with dedicated lawyers in British Columbia, Ontario and Quebec, with extensive experience dealing with regulators across the country.


Subscribe to our, “Financial Institutions Bulletin”, browse our recent work or contact any of our lawyers for answers to your questions about how we might assist in meeting your goals.


Client Work

  • Stride Capital Corp. implements successful strategic acquisition by Servus Credit Union Ltd.,
  • Issuance of C$1 billion senior notes by Fédération des Caisses Desjardins du Québec,
  • Issuance of $1 billion senior notes by Fédération des Caisses Desjardins du Québec,
  • The Fédération des caisses Desjardins du Québec issues C$1 billion of 1.992% notes due 2031 (Non-Viability Contingent Capital – Subordinated Indebtedness),
  • Fédération des caisses Desjardins du Québec issues $1 billion fixed rate senior notes,
  • The Fédération des caisses Desjardins du Québec issues $1 billion 2.856% Non-viability Contingent Capital Notes,
  • The Caisse de dépôt et placement du Québec injects C$200 million in capital to refinance McInnis Cement,
  • Issue of C$800 million medium term notes of the Fédération des caisses Desjardins du Québec,
  • Air Canada, TD, Visa and CIBC reach agreement in principle to acquire Aimia’s Aeroplan Loyalty Business in a transaction valued at US$2.35 billion,



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