Co-op News for May 22, 2018

//Co-op News for May 22, 2018

Co-op News for May 22, 2018


Credit union steps up to help B.C. town

The B.C. town of Grand Forks is in crisis—and the local credit union is helping out.

Since early May, Grand Forks and region has been facing an extreme crisis with the overland flooding of two different rivers. Thousands of people have been evacuated, leaving their entire lives behind. An assistance fundraising campaign has been organized by the Grand Forks Credit Union. All funds raised will be given directly to the individual residents of Grand Forks and the Boundary Region who have been directly affected by flooding and evacuations. The Grand Forks Credit Union is the region’s only locally-owned financial institution.

Downtown Eastside housing co-op warns of financial strain

In two buildings in the Downtown Eastside, the Lore Krill Housing Co-operative serves as a home to people with disabilities, seniors, and other residents who come from a mix of income levels.

But co-op board members are sounding an alarm, warning it might not be around for much longer.

“At this point, the co-op is very close to insolvency,” the Lore Krill’s treasurer, Coco Culbertson, told the Georgia Straight. “We’re running a constant deficit.”

Thomas Robson, a board member and former co-op president, explained the issue is the amount of funding that the co-op receives from BC Housing.

In a telephone interview with the Straight, BC Housing vice-president of operations Craig Crawford expressed optimism—and maintained the Lore Krill’s financial problems will soon be resolved.

“We are certainly willing to work with them to develop a sustainable financial plan,” he told the Straight. “I think that we’ll be able to work with them to maintain the co-op in a viable form.”

Co-operators Insurance supports efforts to make communities “Fire-Smart”

A coalition of non-profits, provincial governments and insurance company The Co-operators have come together to support Canada-wide action to make communities ‘FireSmart’.

Municipalities across Canada have joined a national effort to reduce wildfire risk to local homes and environments in anticipation of this year’s wildfire season.

Funding was awarded to 94 successful community applicants across Canada for Wildfire Community Preparedness Day. This annual, national program was launched by FireSmart Canada in collaboration with The Co-operators and other groups.

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By |2018-05-22T20:13:23-07:00May 22nd, 2018|News|0 Comments

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