The Complainant, Steinbach Credit Union, is Manitoba's largest credit union, and has been using he common law trademark, Steinbach Credit Union Limited, since April 19, 1941.
The Registrant offered the Domain Name for sale ($12,999.00) and reached out directly to the Complainant through its website contact form in that regard. The Registrant acknowledged receipt of the Complaint, and was expecting to receive a response to its "offer" to purchase the Domain Name.
The Panel found that the Domain Name was registered in bad faith because the Registrant admitted that it has multiple domain names for sale, and made many attempts to sell the Domain Name to the Complainant.
You can read the decision here.