Financial services are in the process of being reshaped globally, and Canada is no exception, as Open Banking is putting consumers in control of their data and allowing them to dictate with whom and how it is shared. When the Canadian government announced that an Open Banking Framework was under development, naturally most financial institutions were concerned that a highly valuable asset, consumer data, would no longer be owned’ by them. However, as part of co-operative member-owned institutions, credit union members have always been the owners of their data. This type of governance and ownership structure changes the lens through which credit union leaders examine Open Banking, as their primary focus is on member benefits as opposed to profit incentives.