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A group of Waterloo and Laurier students are boosting their universities’ reputations for entrepreneurship as they work to create Canada’s first student-run financial institution. Waterloo Banking Project placed second in the Enterprize Canada central region business plan competition on Saturday 14 January and qualified to compete at the national finals in Vancouver next month.

Ryan Chen-Wing, Helena Cao, and Mark Haley delivered their 15-minute presentation on their team’s business plan to a panel of judges, students, and competitors from the other six teams in the Macdonald Institute building at the University of Guelph.
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Throughout the course of this term, the Waterloo Banking Project appeared several times in Wilfrid Laurier University’s student newspaper The Cord.

In September, Laurier students learned about the project in an article where Helena Cao and Ryan Chen-Wing discussed the origins of the project and what we plan to achieve. The article also included encouraging feedback from a Laurier professor.

When Ryan Chen-Wing first stumbled across the entirely student-operated Georgetown University credit union during a research project, he was struck by the idea that such success might be mirrored in Waterloo.

“We have talented students at Waterloo and Laurier,” the University of Waterloo student commented. “If it can be done anywhere in Canada, it can be done here.”

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The goal, said Helena Cao, who is the senior director of Waterloo Banking Project, is for students “to be able to carry themselves through their education with the least amount of debt that they can have.”
Easing students’ financial woes The Cord 28 Sep 2011

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Scan of Imprint story about the project

Imprint wrote about our initiative to help students with their money the week before our general meeting.

Our first appearance in Waterloo’s student newspaper includes a general description of our plans, a simple diagram of our business model, and a photograph of Helena and Ryan.

  • Money in your pocket: Waterloo Banking Project Imprint 23 Sep 2011
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University Affairs recently published a story about our initiative. The magazine and website are published by the Association of Universities and Colleges of Canada. The article summarizes our plans and how we are bringing a pioneering idea to our campuses in Waterloo — WLU and UW.

The article also features quotations from popular economics professor Larry Smith.

Here is an excerpt of the story:
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Article about Waterloo Banking Project at Talent Egg

Our project was featured in an article on Talent Egg, a Canadian career website for students and recent grads. Not only does the organization offer job listings, but it writes articles on student initiatives and career advice. True to their mission, they get students and recent grads to write the articles.
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Prashanth Gopalan from TechVibes interviewed Abhi about the Waterloo Banking Project in April.

He posted the interview in question-answer format. Abhi’s answers describe the project well and he mentioned Megan’s contribution too.

Here’s an excerpt.
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A student named Peggy from Taiwan’s Chengchi University e-mailed us asking to interview us a few weeks ago. We agreed and she sent us some questions. We sent back responses and answered her followup questions.

About a week later she sent us the link.


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After our press release a reporter from the local daily newspaper, the Waterloo Region Record, contacted Abhi. She interviewed him and arranged for a photograph. Our project was featured in the newspaper a couple days later.

Waterloo Region Record article on Waterloo Banking Project

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Our survey is now closed and exams are finished. Now it is time to catch up on communications and analyze the survey data.

After we launched the survey we sent out a media release to try to inform more people about our vision and to attract more respondents to the survey.

This is what we sent out:
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