As a consequence, the Draft Credit Union Bill allows credit unions to provide these non-financial services subject to certain limits on revenues and assets. These limits seek to ensure that financial intermediation remains the core business of credit unions and that credit  BIS central bankers’ speeches  5  unions can minimize balance sheet risks arising from non-financial activities.
In fact, WOCCU recommends “the sum of non-financial investments not exceeding 5 percent of total assets”. In the event non-financial services grow beyond the proposed limits, the members of the credit union must direct the board to establish a new cooperative, singly or in conjunction with other credit unions, to continue provision of these services.