News Release

Vancouver - Credit union employees will learn how to detect and prevent investment fraud by participating in a new training course developed by a group of securities regulators and the key education provider for credit unions across Canada.

The 30-minute online course teaches employees how to identify common types of investment fraud, recognize warning signs, understand the financial and social impact of investment fraud, and help those who may be at risk.

"Our goal is to help Canadians avoid falling victim to investment fraud.  The new course outlines information that will give employees of financial institutions the knowledge they need to actively make a difference," says Brenda Leong, executive director of the B.C. Securities Commission.

The course, funded by the securities commissions in British Columbia, Alberta, Manitoba, New Brunswick and Nova Scotia, is one of the new training courses offered by CUSOURCE® Credit Union Knowledge Network (CUSOURCE Knowledge Network), the strategic people development organization for the credit union system in Canada.

Investor education staff from five securities regulators worked with CUSOURCE Knowledge Network and Credit Union Central of B.C. to develop the course content, which features interactive exercises and scenarios.

"CUSOURCE Knowledge Network immediately saw the value of working with the securities commissions to bring this education to credit unions and their employees," said CUSOURCE Knowledge Network CEO Cheryl Byrne.

There are 472 credit unions with 1,772 locations serving more than five million members across Canada. CUSOURCE Knowledge Network training is available to nearly 30,000 credit union system employees. Credit Union subscribers to CUSOURCE Knowledge Network will have access to the course free of charge.

CUSOURCE Knowledge Network is the home of learning, knowledge sharing, career management and strategic people development for the Canadian credit union system. It provides access to a variety of learning vehicles, knowledge sharing and management tools, both online and in the classroom. Credit Union Central of Canada, the provincial Centrals, strategic partners and individual credit unions actively support CUSOURCE Knowledge Network.

The B.C. Securities Commission, Alberta Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission and Nova Scotia Securities Commission are responsible for regulating securities in their provinces.

For more information:

Andrew Poon
British Columbia Securities Commission
604-899-6880

Tamera Van Brunt
Alberta Securities Commission
403-297-2664

Ainsley Cunningham
Manitoba Securities Commission
204-945-4733

Jane Gillies
New Brunswick Securities Commission
506-643-7745

Natalie MacLellan
Nova Scotia Securities Commission
902-424-8586 

Art Chamberlain
Credit Union Central of Canada
416-232-3466
416-540-0869