Co-operative Enterprise

Board of Directors

   Greg Wallace

Greg has extensive credit union experience in a wide variety of senior and executive management positions. His co-operative background began on a family farm and now spans more than 50 years.  The majority of his life has been spent in senior and executive management positions within the Canadian credit union system.  Greg also has consulted with co-operatives in Central America, Asia and Africa.

Greg has successfully completed numerous executive development leadership courses and programs through Credit Union Institute of Canada, Queen’s University, Financial Executive Institute of Canada, Harvard School of Business Management, Canadian Credit Union Executive Society, the World Council of Credit Unions, Human Synergistics, University of Chicago, University of Regina, American Management Society, and the Co-operative College of Canada (now CUSource).


Greg’s career began in 1972 as a teller in a local credit union. Over the years he progressed to General Manager of a local credit union, to second tier as Regional District Development Manager, to province-wide Manager of Loss Prevention, to province-wide Manager of Government and Public Affairs, to Executive Vice President / Chief Financial Officer, and to third tier Vice-President / Chief Operating Officer of a national financial co-operative. 


During his 20 year tenure at the executive level, Greg has served on countless provincial and national credit union system boards, committees and task forces.  His leadership and initiative have helped in day to day management of the national Credit Union Electronics Transaction Services entity (CUETS), in research and subsequent creation of a corporate credit union services entity (CUCorp), and in the creation of a national credit union leasing facility (CULease).  Greg successfully spearheaded the merger of Co-operative Trust Company of Canada and parts of SaskCentral, forming Concentra Financial. Today Concentra Financial is a national co-operative financial services entity with assets of more than $6 billion Canadian and with a further $25 billion Canadian assets under administration.   


Greg’s extensive areas of expertise include: credit union financial management and capital planning, new product and service development, mergers and amalgamation, enterprise risk management, treasury management, start up and acquisitions, human resources management, liquidity management, corporate strategic planning, capital management and planning, government relations and advocacy, corporate social responsibility, co-operative rehabilitation, and the management of banking technology.


Greg retired from Concentra Financial in 2008.  Later that year, on behalf of the Canadian Co-operative Association, he consulted on the need for, and the feasibility of, a new national financial co-operative services entity in Uganda.  Greg continues to carry out consulting assignments in the Canadian credit union system and internationally.


In 2010, Greg joined Terry MacDonald and the late Ian MacPherson in founding the Global Co-operative Development Group Inc. The GCDG is a non-profit co-operative whose goal is to help promote and develop co-operative enterprise globally. 

Greg is currently serving as the president of the Global Co-operative Development Group Inc.

Greg has also most recently (2016) been appointed and is serving as a Director of the Saskatchewan Credit Union Deposit Guarantee Corporation (

   Terry MacDonald 

Terry began his career as a teller in a local Saskatchewan credit union in 1970.  Terry advanced to the positions of Management Trainee in a small credit union, Head Accountant for a large credit union, and District Development Manager for a provincial Credit Union Central.

In 1980 Terry completed his Master’s Degree in Environmental Studies at York University in Toronto Canada, where his research focused on leadership and management effectiveness in co-operatives.


Following his studies he served as Head of Research for SaskCentral, General Manager of Credit Union Financial Information Services, and Director of Card Services at Credit Union Electronic Transaction Services.  As Manager of Strategic Projects at SaskCentral, Terry completed the research and business case which led to the creation of CULEASE Financial, the national Canadian credit union system leasing business.  Subsequently Terry served as its General Manager. Prior to his retirement in 2006, Terry served as the Manager of Strategic Projects at Concentra Financial.  


During his career, Terry was elected as a director and as chairperson of the credit committee of ACE Credit Union. Terry is currently a member of five co-operative organizations. 


Over the years Terry contributed his expertise to international co-operative development projects in Ecuador, Tanzania, Philippines, China, and Mongolia.  From 2007 until 2009, Terry held the position of Africa Region Director for the Canadian Co-operative Association. During this time, he worked to develop and strengthen co-operative organizations in Uganda, South Africa, Ghana, Malawi, Rwanda, and Sierra Leone.


Terry MacDonald is currently the Managing Director of the Global Co-operative Development Group Inc. which he co-founded in 2010 along with Greg Wallace and the late Ian MacPherson.  


He is the initiator and lead author of a global text on co-operative management.  Terry co-authored the text with the late Ian MacPherson and Greg Wallace.  The book, entitled “Co-operative Enterprise Building a Better World”, is published by the Global Co-operative Development Group Inc. and First Edition Design Publishers. It is available around the world in both print and electronic form.


Terry’s interests include systems theory and systems thinking, flying (a former pilot), technology and social media, theology, writing, and co-operative management.  Terry can often be found contributing to co-operative discussion forums on and on the Global Co-operative Development Group’s website at:  Terry is a member of Rotary International and has served as Administration Chairperson with his local club. During 2016 he facilitated the long term planning efforts of the club.

In addition to conducting training workshops and speaking at international credit union and co-operative events, Terry is currently providing management consulting services to projects in Mexico, and Kazakhstan. He is also beginning a new and exciting co-operative policy development and planning project in Vanuatu, in the south Pacific (watch for pictures). Terry resides in Chapala, Jalisco, Mexico.

  Bev Maxim

Bev began working with credit unions in Saskatchewan, Canada in 1972.  Throughout the course of her career, Bev’s responsibilities have included supervising retail branch operations; managing the development and support of numerous retail services including automated tellers, card, telephone and internet based services.  In 2011 she retired from her role as General Manager of the Credit Union Electronic Account Management Services Association (CEAMS) which provided management services to a technology buying group of 53 credit unions and affiliates. 


Currently Bev is a Business Advisory Consultant for Credit Union Central of Saskatchewan, assisting credit union boards of directors and management with strategic planning and enterprise risk assessment.  In addition to her role as Director of the Global Co-operative Enterprise Development, she is a volunteer advisor for the international MiFos initiative as well as a new Saskatchewan based co-operative. In addition, Bev delivers retirement planning seminars in the prairie region of Canada for the Co-operative Superannuation Society.


Bev has completed more than eight international development assignments in Africa, Asia and the Caribbean for the Canadian Co-operative Association, as well as leading the curriculum development and classroom learning of the Women’s Mentorship Program for eight years.  Through this program she has had the opportunity to help build the leadership and management capacity of over 120 women in leadership positions at credit unions in 13 countries.


Bev is President of the board of directors for a national charity in Canada; She has served two terms on the board of directors of a credit co-operative, including chairing the audit and risk committee.  In addition to work and volunteer commitments Bev and her husband George enjoy traveling the world.  At present (Jan 2017) they are in Thailand and Myanmar, and connecting with co-operators and women involved in the co-operative Women;s Mentorship program in the past.

   Fred Townley McKay

Fred has an extensive co-operative background spanning over 40 years in various capacities in Credit Unions in Saskatchewan and other provinces in Canada. Most recently, following his retirement in 2007, he has continued his co-operative service working in a volunteer capacity with the Canadian Co-operative Association as a Financial Services Consultant in Uganda, Sri Lanka and currently in Malawi.

His Credit Union career included managing several Saskatchewan Credit Unions, including the most recent co-CEO position of the newly created Innovation Credit Union with Head Office in Swift Current, Saskatchewan. That organization had managed assets of $1.5 billion, 4 Insurance agencies, full brokerage services and branch offices in 26 communities across wWestern Saskatchewan with just over 400 staff.

Fred also worked as a District Development Manager with Credit Union Central of Saskatchewan. He achieved the Certified Chief Executive (CCE) designation through a Graduate Management Program delivered through three U.S. Universities. (Berkeley University, California, Cornell University, New York and the University of Virginia). The focus of his studies was on Scenario and Strategic Planning in Credit Unions and Co-operatives. He also served on committees and Boards of Directors of various second and third tier organizations through his career, including Credit Union Central of Saskatchewan, the Canadian Central and the Credit Union Electronic Account Management Services organization.

He has been involved in various volunteer organizations, including serving on the Provincial Executive of the Kinsmen Clubs of Saskatchewan, Secretary to the President of the Canadian Chamber of Commerce, and member of Rotary to name a few. His most recent volunteer work has been in assisting in the development of a new National Co-operative Financial Institution in Uganda (UCCFS), and most recently in assisting the creation and implementation of a recovery plan for a financially troubled organization in the largest Credit Union in Malawi. When not working, he and his wife Faye enjoy traveling the world, and have visited more than 85 countries to date.

(c) 2016 Global Co-operative Development Group Inc.

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