Introduction
On tonights show we have:
- Ross Gentleman – BSc in math and an MBA
- involved in financial institution regulation for 16 years
- involved in managing a not-for-profit Tradeworks Training Society for eight years.
- worked with co-ops and credit unions around B.C.
- past treasurer Vision Vancouver’s Ross Gentleman
- CCEC is a self described radical activist credit union on Commercial Drive and it’s General Manager is Ross Gentleman.
Topics included:
– History of CCEC; the when/why/how it all got started; did it receive any assistance in getting started; who were the first members
At first, CCEC did not pay interest on deposits. Instead, loans were available to community groups at below-market rates of interest. Depositors enjoyed lower-cost goods and services from the groups rather than benefitting directly through interest payments. For example, if the food co-op received a loan at rates below market, the savings were passed along to credit union members through lower prices at the food co-op. The founding members of CCEC described the process as “group solutions to individual problems.”
Community Congress for Economic Change – incorporated from The Lower Mainland Community Congress for Economic Change Society
-How has this model been viewed by others starting credit unions?
– Structure of the organization today; how many members; how does one become a member; when is the AGM; are there committees; etc
-What is the demographic profile of your membership? Age, income
– Impact of the organization in the community and beyond; special stories about it’s impact; connection to Co-op Radio
http://www.ccec.bc.ca/groups/membership-directory/
Loan Guarantee Fund
Housing Co-op Services
– Co-op Housing Investment Pool (CHIP) accounts
– What are the struggles / risks for a small community credit union in Vancouver, BC?
– What are the plans for CCEC in the future? What opportunities excite you for CCEC?
– How did you become the General Manager of CCEC? What made you choose to work in a community credit union?
Music included in show:
- Pink Floyd – Money
- Leo Moran & Anthony Thistlewaite
- Hot Hot Heat – You Owe Me An IOU
Contact information
- If you have questions, email or tweet them to use ideas@eachforall.coop and @eachforall on twitter.
- Website: eachforall.coop
- Email: ideas@eachforall.coop
- Twitter: @eachforall
- In addition to questions you can email show ideas
Links
http://www.uvic.ca/research/centres/cccbe/assets/docs/galleria/CCECCreditUnion.pdf
http://www.ccec.bc.ca/ccec/who-we-are/
