- Tofino Co-op ranks number 1 in profitability
B.C.’s own Tofino Consumers Co-operative Association has achieved the best relative financial performance in the Federated Co-op Limited network of 200 Co-ops spread across Western Canada. This is the second year running that the Tofino Co-op has posted the profitable result. General manager Mike Tomilin said the feat defies the law of economic scale, and is amazing. “Our Co-op is run by local people that are committed to their community and they make good choices, and it’s paid off,” said Tomilin, who has been at the helm of Tofino’s bustling food store for nearly eight years. He said a lot of members think that profits from the Tofino store go elsewhere. But he says that all their profits stay right in the community. During Co-op week, October 16-20, Tofino Co-op board members distributed over $700,000 in cash and equity cheques to its members.
- Aldergrove Credit Union Community Centre is now set to open in June 2018
The new Aldergrove Credit Union Community Centre in the Fraser Valley community of Aldergrove, a unique ice arena and recreation complex and outdoor aquatic facility, is now set to open in June 2018. The Aldergrove Credit Union Community Centre will feature a canopy-covered outdoor pool area with a shallow leisure end, six competitive swim lanes, and a deep end for diving, and special features that focus on youth recreation. An environmentally conscious project, the pool will be open year-round and heated in the wintertime, using excess energy produced from cooling the ice at the adjacent arena. Other enhancements will include the addition of solar panels for heating the facility and rain water harvesting. The Community Centre carries the title of its naming sponsor. The Aldergrove Credit Union’s made an initial financial contribution of $250,000 for the centre’s first five year operating period.
- Farm Co-Op recruiting members for sugar company in Ontario
A company planning to build a plant in Sarnia, Ontario, to turn corn stalks and wheat straw into sugar has sweetened the deal for members of a farm co-op formed to be its partner and supplier. Comet Biorefining says it will build and operate a plant in Sarnia. Ontario to produce 27 million kilograms of dextrose sugar annually to make renewable fuels and biochemicals. The 75,000 tonnes of corn stalks and leaves, and wheat straw, the plant will need annually as its feedstock will be supplied by the newly-formed Cellulosic Sugar Producers Co-operative which is working to sign up farm members with a total of 55,000 acres in the region. Only a portion of the stover will be taken by the co-op, with the balance left in the fields to return organic material to the soil.
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