A Money Coach in Canada

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I am won over to credit unions. Even if they don’t always meet their ideals, at least the ideals are explicit and a continual gentle standard to which, in my experience, most sincerely strive. I enjoy reading tinfoiling, by Gene, G.M. of Mt. Lehman Credit Union (near Mission, B.C.). Here’s a guest post from him on why small is beautiful for credit unions:

There are 10 good reasons on why ‘Small is Beautiful’ for credit unions.

  1. Relationships – smallness dictates that the number of relationships between members, staff and board is manageable for all parties. There is a quality, not quantity, in relationships.
  2. Communication is quick and inclusive.
  3. Transparency. There is always an understanding on why things are happening.
  4. Challenges that are healthy. Being small means you can’t take anything for granted.
  5. Agility in being able to move and respond quickly to any circumstance.
  6. Planning that is truly dynamic. You have a plan but you are constantly reviewing and upgrading it based on any and all communication received.
  7. Teamwork. Everyone can participate in the continuing sense of accomplishment.
  8. Managing your own destiny. There are market conditions and circumstances beyond anyone’s control but you can steer and manage quickly and precisely. You aren’t a 53 branch credit union so can manage in a much different direction.
  9. Technology is cheap. If you put the pillars you need in place to use technology as a strategic advantage, today’s hardware prices and work tools have never been cheaper or more powerful. You can build what you need.
  10. Politics don’t get in the way of accomplishing what needs to be done.
  11. Members, members, members. They always come first.

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

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