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| THE CO-OPERATORS EXPANDS MEMBERSHIP TO INCLUDE FCNQ |
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The Co-operators Group Ltd has expanded
its membership to include La Fédération
des coopératives du Nouveau-Québec (FCNQ). Thirty-two Canadian organizations
are now member-owners of The Co-operators group of companies.
Incorporated in 1967, FCNQ serves member co-operatives
in the14 Inuit villages of Nunavik, a 500,000 square-kilometre region in the
northernmost reaches of Quebec. FCNQ’s business includes retail
stores, marketing of Inuit art, banking, post offices, cable television, hotel
and travel services, fuel storage and distribution, and
construction
“The
addition of FCNQ brings a new voice and perspective to The Co-operators
governance table and helps to strengthen our presence in Quebec,” says Kathy
Bardswick, President and CEO of The Co-operators. “It helps us achieve our
vision of being a national co-operative financial services organization that
serves the needs of Canadian communities in all regions, and which supports a
strong co-operative system from coast to coast to
coast.” |
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| LONG-TIME CO-OPERATOR, RUDY COMEAULT, DIES |
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Long-time Manitoba co-operator,
Rudy Comeault died suddenly over the weekend. Born in St. Jean
Baptiste, MB,
Mr. Comeault was General Manager of Westboine Park and Carpathia housing co-ops from
1997 until his retirement in 2003. Prior to this he worked for the Province of Manitoba as a Co-operative Housing Officer
with the Department of Co-operative Development. Mr. Comeault has served as
a consultant for the Co-operative Housing Federation of Canada and the Housing
Co-operative Council of Manitoba. He was also a member of many
organizations in the co-op housing area and was one of the early members of the
Manitoba Cooperative Council (now the Manitoba
Cooperative Association). He served on the Executive of the Council, as well
its interim Executive Director from June 2004 until September 2005. “Rudy
was a true co-operator and a pleasure to work with,” says Barry Gosnell,
Manitoba Co-op Association President. “He will be missed by all who knew
him.” |
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| CCA URGES CO-OPERATIVE SUPPORTERS TO TAKE ACTION DURING ELECTION CAMPAIGN |
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The
Canadian Co-operative Association (CCA) has issued A Call to Action,
encouraging co-operative supporters to use the current election campaign to
raise co-operative
issues that need action by the Federal Government. CCA’s election website
provides a number of ideas that individuals, local co-operatives, and co-op
associations and federations can do to profile co-operatives during the
campaign.
In
addition, as the campaign progresses, a number of issue papers will be
added to the site that put a co-op lens on some of the subjects making
headlines. And, CCA has started to compile a list of co-op friendly
candidates.
Finally, if you can’t wait until January 23 to cast your
ballot, you can vote now for what you think the new
Federal Government should do to help the Canadian co-operative movement by going
to www.CoopsCanada.coop. |
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| FCL CELEBRATES 14th YEAR OF RECORD EARNINGS |
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Federated Co-operatives Limited achieved record
sales of $4.438 billion and its 14th consecutive year of record
earnings on operations of $372 million. Sales increased by $612 million and
earnings on operations increased by $40 million over last year.
CEO
Wayne Thompson attributed the strong sales to the strength of the 286 autonomous
retail co-operatives’ marketing programs and the excellent service being
provided to their customers, the promotion of co-op membership benefits, and to
the growth of retail co-operatives due to their continued commitment to raise
their standards on facilities, merchandising, and
selection. |
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| CREDIT UNIONS ENJOY RECORD RESULTS |
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Canadian credit unions reported a record net income of
$124.8 million in the third quarter of 2005, up 12.1 per cent from the third
quarter a year ago. Net income for the first nine months was a record $338.5
million, up 8.2 per cent compared with the same period a year earlier, says a
report by Credit Union Central of
Canada.
Total assets of affiliated credit unions and caisses
populaires outside Quebec were $84 billion, up 10.6 per cent from
$75.9 billion in 2004. Total savings or deposits were $74.7 billion, up 9.9 per
cent from
$68
billion in 2004 and loans were $69.4 billion, up 11.4 per cent from $62.3
billion.
The
total number of credit unions declined by 5.8 per cent to 533 from 566, but the
number of locations increased 0.9 per cent to 1,809 from
1,792. |
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| CREDIT UNION STEPS UP AS TITLE SPONSOR OF COMMUNITY PROJECT |
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Common Wealth Credit Union has
acquired the naming rights of Lloydminster, Alberta’s new sports multiplex. The project
has been billed as a community project and local media report that it is fitting
that a local organization has stepped up as the title sponsor. Construction of
the $25 million Common Wealth Centre is on target for a March grand
opening. |
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| CCA CONCLUDES SUCCESSFUL ASIA RECONSTRUCTION CAMPAIGN |
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The
Canadian Co-operative Association has
concluded its Asia Reconstruction Fundraising Campaign, which raised over
$750,000 from Canadian co-operatives and credit unions to aid tsunami-affected
communities in Sri
Lanka and Indonesia. “We are grateful for the
many donations received from co-operatives, credit unions and caring individuals
across the country,” said CCA spokesperson and The CUMIS Group Senior VP Jim Barr, who visited
Sri
Lanka shortly after the tsunami and spearheaded
the campaign. “This money is hard at work helping SANASA — the credit union
movement in Sri
Lanka — rebuild and deliver needed services to
communities. CCA is also working with Transparency International Indonesia in
that country to establish new co-operative enterprises in communities devastated
by the tsunami.”
Mr.
Barr says that donations to the campaign have positioned CCA to leverage
additional monies to help even more people. For further information about the campaign and the work CCA is
doing in Indonesia and
Sri
Lanka visit www.coopscanada.coop. |
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| THE CO-OPERATORS ANNOUNCES CO-OP DEVELOPMENT GRANTS |
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The Co-operators Group has announced the
following grants from its Co-operative Development Program.
Basket Weavers of PEI Co-operative Ltd, in
Richmond, PEI, was founded in 2004 to preserve the
cultural traditions of Acadian and Mi’kmaq basket weaving. The Co-operators
grant of $6,500 will provide training for eight persons in this rural area with
high unemployment. The project also includes a marketing plan to attract
tourists to a museum where the traditional art form can be viewed in a
year-round facility.
The
Bay Growers’ Co-operative Inc was formed in the early 1990s by a group of
Georgian Bay apple growers who sought to
provide a new storage complex that would offer better facilities to the farmers.
The grant of $12,900 will help to support the introduction of the HACCP
certification (Hazard Analysis Critical Control Point), which is a food safety
check. The co-operative, employing 50 full time staff endeavours to be on the
leading edge of technology to meet the requirements of its business.
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| NEW LINE OF PRISON GARB FOR CO-OP BOARD MEMBERS WHO FEEL THEY ARE IN JAIL |
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Looking for Christmas ideas for your hard working
directors and volunteers? How about a t-shirt with an image of a jail cell and
the tag-line “Help! I’m on the Board”? This is just one option in a new line of
‘prison garb’ for co-op and condo board members who feel they are in
jail.
The
garments are the brainchild of Adrian Adams, who decided it was time to reward
volunteers with a line of gifts dedicated exclusively to directors, managers,
and board/committee members. He created an online store with items that
express their feelings and energize their meetings.
“I’ve been listening to board members grumble for years,
but they are really dedicated to their communities and deserve some
recognition,” says Mr. Adams, an attorney whose firm represents over 400
community associations. Boards of directors of homeowner, condominium and co-op
associations often complain that they feel like they are in prison because of
the large amount of labour they perform at no charge. |
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| HAPPY HOLIDAYS! |
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We, at the Canadian Co-operative Association, wish you and your
family a happy holiday season. |
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| SUBSCRIBE TO NEWS BRIEFS |
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Co-operative
News Briefs, an electronic newsletter of the Canadian Co-operative Association, is published every
two weeks and distributed by e-mail. It is available free of charge to anyone
with an e-mail address and an interest in co-operative developments in
Canada and around the world. Click SUBSCRIBE
to have News Briefs delivered to your desktop. If you no longer wish to receive
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You can view CCA’s privacy policy at www.CoopsCanada.coop/privacy.
We
welcome comments about the publication, about stories we have run, or
suggestions for stories we should run. Send your correspondence to
Brenda Heald, editor of
News
Briefs
at Brenda.Heald@CoopsCanada.coop.
Next Co-operative News
Briefs: Thursday, January 12,
2006 |
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