Ross Gentleman: Collapse of Canada's largest co-op has lessons for members of B.C.'s credit unions

Credit to Author: Hardip Johal| Date: Sat, 24 Oct 2020 01:00:51 +0000

What does the collapse of Mountain Equipment Co-op imply for B.C. credit unions? MEC was the largest consumer co-op in Canada, with more than five million members. Credit unions are financial services co-ops, and some in B.C. are among the largest in Canada. One lesson that we may draw from the recent sale of MEC is that ambitious growth, borrowing, and building a national brand do not necessarily lead to “success.” Read More