the credit union industry trends and future roles competition in financial sector canada is becoming evermore fierce as governments continue to deregulate traditional pillars of intermediaries tumble towards universality banking services unions find themselves a unique competitive environment going head vast numbers with major institutions mutual funds insurance companies all while being confined communities organizations for their membership ownership they have been subject wide spread consolidation that has growing trend well changes regulatory supervisory structure these external factors affecting way business conducted what will hold differentiates cus cps from other types are referred or co operative because depositors legal owners shareholders bank do not issue common stock profit owned controlled by who share bond such place work