Co-op News for March 6, 2018

//Co-op News for March 6, 2018

Co-op News for March 6, 2018


Vancouver-based MEC severs ties with gun manufacturer after outcry

B.C.-based outdoor retailer Mountain Equipment Co-op will stop orders from five American brands owned by a gun manufacturing company following the shooting at a Florida high school that killed 17 people.

The co-op has been facing pressure to stop carrying brands owned by Vista Outdoor, a Utah-based gun and ammunition company. Thousands of MEC members had contacted the co-op to express their concerns and to ask that it stop selling products made by these brands.

The company has decided to suspend orders from the five brands owned by Vista Outdoor. Those include Bollé, Bushnell, CamelBak, Camp Chef, and Jimmy Styks.

Vancouver Sun: Vancouver-based MEC severs ties with gun manufacturer after outcry

Co-operative Housing Federation welcomes spending commitments in federal budget

The Co-operative Housing Federation of Canada has welcomed the spending commitments outlined by the federal government in last week’s budget which will help many more Canadians find a safe, secure, and affordable place to call home.

The government’s expansion of the Rental Construction Financing Initiative from $2.5 billion to $3.75 billion in loans over the next three years has the potential to play a substantial role in alleviating the affordable housing deficit, says the federation.

The federation is optimistic that community-oriented housing providers like co-ops will be prioritized in the roll-out of the program, and that it will see increased construction of co-op units over the next three years as a result.

CFHC: Housing Co-ops welcome funding for housing in Budget 2018

Credit unions can use bank terms again

Credit unions across the country will once again be able to use the words “bank,” “banker” and “banking” to describe what they do, thanks to a one-line entry buried in last week’s federal budget.

Last year, a federal financial body announced it would start applying the rules of the Bank Act to all non-bank financial service providers, such as credit unions — which meant they wouldn’t be able to use these words.

The move was criticized by some as idiotic government overreach.

The federal budget said credit unions would now have the flexibility to use these generic bank terms.

CBC: Credit unions get OK from feds to offer ‘banking’ services

Credit Union funds RentSmart program

The Coastal Community Credit Union on Vancouver Island recently awarded a Building Healthier Communities Fund grant to the Ready to Rent BC Association.

The funds will help the association develop interactive online tools as it takes its RentSmart educational program online, targeting young people ready to start their housing and financial journey.

Delivered in person since 2009, the RentSmart program has served over 750 youth over the last two years, primarily on Vancouver Island. With the online version ready to launch, Ready to Rent is now focusing on its Innovative Tools for Youth initiative.

Coastal Community Credit Union: Coastal Community grant helps Ready to Rent BC grow financially savvy young renters (PDF)

By |2018-11-04T17:17:19-08:00March 6th, 2018|News|0 Comments

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