Credit Union Central of Canada's latest System Brief, Social Finance and Credit Unions – Differentiating by Making a Difference, discusses what credit unions are doing, and can do, in social finance – an approach to managing money that delivers both positive social and/or environmental benefits as well as a financial return.
With some $1.35 billion in impact investment assets, credit unions are among the dominant players in social finance in Canada. As this emergent category of finance gains in popularity, credit unions will want to continue leading and innovating to further enhance their competitive advantage in the financial services market place.
This introductory paper to social finance defines this emerging concept and why it matters for credit unions. It also explains why it is gaining momentum and identifies the latest opportunities within social finance for credit unions. Specifically, the System Brief suggests that credit unions can differentiate themselves from their competitors by expanding their social finance offerings and measuring the positive impact they are having as a result of investing and lending for good.
The System Brief was authored by Dominique Biron-Bordeleau, Policy Analyst, Credit Union Central of Canada. We hope you will enjoy this System Brief and look forward to any comments you may have.
Click here to download the System Brief.