Central 1 Credit Union

Winding-up and Restructuring Act and applicability to credit unions and credit union centrals. The Personal Information Protection and Electronic Documents Act with respect to impact on credit unions and credit union centrals. The Income Tax Act as it relates to the taxation of credit unions, cooperatives and small business. Issues that impact the competitiveness of credit unions including: federal credit union legislation; anti-money laundering and anti-terrorist financing legislation and financial literacy Engaging with all Government stakeholders that are investigating the implementation of an open-banking framework in Canada and how that will affect credit unions and their members. Canadian Payments Act - Monitor work by the Department of Finance, Bank of Canada and the Canadian Payments Association related to any amendments to CPA Act and proposed modernization initiatives. Bank Act - federal credit union provisions. Competitiveness of credit unions, Section 983 Bank Act - Section 427-429 Bank Act security and preparation for government's next review of federal financial institutions legislation.