National Report: System Trends

National Report: System Trends

Joanne De Laurentiis

September 15, 2003

Huntsville, Ontario

2003 CUMAConference

• Reducing Operating Costs

• Finessing the Regulatory Framework

• Supporting System Restructuring

Agenda:

National Report: System Trends

Reducing Operating Costs

National Report: System Trends

• Debit Transaction Switching - Migration Project

to new provider – SwitchCo (joint venture of

Celero Solutions and NYCE Network)

National Report: System Trends

Reducing Operating Costs (con’t)

• Switching Migration Project

• Strategic Procurement Discount Program

(For more information about Strategic Procurement,

contact Donna Bailey at 416-232-3462)

National Report: System Trends

Reducing Operating Costs (con’t)

• Switching Migration Project

• Strategic Procurement Discount Program

• National Connectivity

• Switching Migration Project

• Strategic Procurement Discount Program

• National Connectivity

• Common Point of Purchase (CPP)

National Report: System Trends

Reducing Operating Costs (con’t)

(For more information about the CPP Alert system,

contact Lorraine Ogley at 416-232-3445 )

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Reducing Operating Costs (con’t) –Common Point of Purchase (CPP)

Finessing Regulatory Framework

National Report: System Trends

Current

• Cost of credit disclosure

• Privacy and money laundering courses &

procedures

• Retail association definition

• BIS rules

Future

• Preparing for Legislative Review – 2006

Finessing Regulatory Framework (con’t)

National Report: System Trends

• Legislative Review – 2006

• Regulatory Harmonization

–Cost of credit disclosure rules

–Privacy legislation compliance

Finessing Regulatory Framework (con’t)

National Report: System Trends

• Legislative Review – 2006

• Regulatory Harmonization

• BIS & Capital Adequacy Standards

Supporting System Restructuring

National Report: System Trends

• CUSOURCE™

• Credential Group

–Credential Financial Inc.

–Ethical Funds Inc.

Supporting System Restructuring

National Report: System Trends

• CUSOURCE™

• Credential Group

• Broader system: –OPCO

–Celero Solutions

–SwitchCo

–League Data/CGI

–Genesis

Credit Union Central of Canada

National Report: System Trends

• Check out our Web site, www.cucentral.ca

• Sign on for electronic news, publications

• Marketing materials

• Conferences

THANK YOU

QUESTIONS?