NOTICE TO CONSUMERS
Re: SUNOVA Credit Union / HUBERT / HAPPY SAVINGS.CA
The Office of the Superintendent of Credit Unions has received information that Sunova Credit Union of Manitoba, operating as Hubert or www.happysavings.ca herein collectively referred to as "Sunova" allegedly has begun carrying on business within the Province of Nova Scotia in contravention of the NS Credit Union Act [1994, c.4, s.1].
Sunova is not licensed as a credit union in the Province and is prohibited from carrying on business as a credit union in the Province of Nova Scotia.
For further information please contact the Office of the Superintendent of Credit Unions at (902) 424-6331 or email gov.ns.ca
Credit Unions are independent member owned financial institutions that provide financial services to most communities in Nova Scotia. Currently, 31 credit unions operating in 68 communities are incorporated under the Credit Union Act.
All Credit Unions incorporated in the Province are regulated by the Office of the Superintendent of Credit Unions. The Office is responsible for approving the incorporation of credit unions, their by-laws and for the general administration of the Credit Union Act. The Act describes the responsibilities, obligations and powers of credit unions of the Superintendent of Credit Unions and the Credit Union Deposit Insurance Corporation.
The Atlantic Central represents and supports the credit unions of Nova Scotia and Newfoundland and Labrador. This includes financial services to the credit unions of Nova Scotia and Newfoundland, as well as trade association and support services in Nova Scotia.
The role of the Nova Scotia Credit Union Deposit Insurance Corporation (NSCUDIC) is to provide deposit insurance for credit unions and caisses populaires in Nova Scotia, Canada.
ComplaintsIf a member of the credit union has a concern or complaint with the service or products provided, they should first approach their own credit union to resolve the issue. If this does not satisfy the problem, the credit union system provides an avenue for dispute resolution through the services of an ombudsperson. The ombudsperson seeks a fair resolution and does not advocate for either the complaint or the credit union.
More information on the credit union ombudservice may be found on the Atlantic Central website.
LinksCredit Union: Incorporation (and Registration)
Nova Scotia Credit Union Deposit Insurance Corporation
Credit Union Central of Canada
Canada Deposit Insurance Corporation
Canadian Bankers Association
Publications and LegislationsConsumer Protection Act
Mortgage Brokers and Lenders Registration Act