Credit Union Central of Canada is working with the Filene Research Institute and two outside academic researchers to assess the costs of regulatory compliance faced by credit unions. This short survey is a vital part of the research process. By “regulatory compliance,” we mean the costs arising from the time your credit union’s employees devote to ensuring they are onside with federal, provincial and municipal regulations (i.e., preparing documents or data, communication and meetings with regulators, time spent in regulation-related training, etc). The term “regulatory compliance” also encompasses direct monetary costs related to regulatory adherence such as fees to consultants, lawyers, and accountants, fees for regulation-related employee and board of director training, and board insurance to cover liability related to regulatory compliance.

Please note that survey responses will be made available to the researchers. Results from the survey will be shared in aggregate with federal and provincial centrals to facilitate their lobby efforts around this important credit union issue.

IMPORTANT NOTE: For all numerical questions, please enter full numbers WITHOUT commas. CORRECT: "120100200" | INCORRECT: "120.1M" or "120,100,200"

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* 1. Please tell us about your credit union (spell out the full name)

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* 2. Please enter the year-end dollar value of your consumer loans for the following years. Use full numbers (e.g. "120400680", NOT "120M")

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* 3. Please enter the year-end dollar value of your commercial loans (including agricultural loans) for the following years. Use full numbers (e.g. "120400680", NOT "120M")

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* 4. Please enter the year-end dollar value of your deposits for the following years. Use full numbers (e.g. "120400680", NOT "120M")

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* 5. Please enter your average compensation per employee (total salaries and benefits divided by FTEs) for each of the following years (use full numbers: e.g. "44123"):

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