Cooperatives

Karnataka Lokayukta in land allotment tangle - The Hindu

ICA Housing News - Fri, 2011/09/16 - 3:15pm

The Hindu

Karnataka Lokayukta in land allotment tangle
The Hindu
Barely one and half months after assuming office, Karnataka Lokayukta Shivaraj Patil has landed in a row for securing allotment of two residential plots from two housing cooperative societies violating rules. However, Mr. Patil, a retired Supreme Court ...
Illegal property: New Karnataka Lokayukta Shivaraj Patil lands in a messIndia Today

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Categories: Cooperatives

Grid Cloud Solutions Inc. Announces First Energy Retrofit Project - istockAnalyst.com (press release)

ICA Housing News - Fri, 2011/09/16 - 12:13pm

Grid Cloud Solutions Inc. Announces First Energy Retrofit Project
istockAnalyst.com (press release)
(Source: MARKETWIRE)Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) announced that it has received a purchase order for residential energy retrofits for a 163 unit housing cooperative. The first two phases of this multi-phase project will include the ...
Grid Cloud Solutions Inc. Announces First Energy Retrofit ProjectMarketWatch (press release)

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Categories: Cooperatives

Grid Cloud Solutions Inc. Announces First Energy Retrofit Project - MarketWatch (press release)

ICA Housing News - Fri, 2011/09/16 - 12:03pm

Grid Cloud Solutions Inc. Announces First Energy Retrofit Project
MarketWatch (press release)
SAULT STE MARIE, ON, Sep 16, 2011 (MARKETWIRE via COMTEX) -- Grid Cloud Solutions Inc. (pinksheets:GRDC) announced that it has received a purchase order for residential energy retrofits for a 163 unit housing cooperative. The first two phases of this ...

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Categories: Cooperatives

Co-op homes are coming to Lake Stevens - HeraldNet

ICA Housing News - Fri, 2011/09/16 - 7:16am

Co-op homes are coming to Lake Stevens
HeraldNet
"(The housing cooperative) is set up as a not-for-profit so the rents they're paying back to themselves as their monthly cost cannot be more than it costs to operate that building. It almost fixes their price over the long term. ...

Categories: Cooperatives

Illegal property: New Karnataka Lokayukta Shivaraj Patil lands in a mess - India Today

ICA Housing News - Fri, 2011/09/16 - 6:39am

India Today

Illegal property: New Karnataka Lokayukta Shivaraj Patil lands in a mess
India Today
The rules clearly state that if an individual owns a plot allotted by a government agency or private housing cooperative society in the Bangalore metropolitan limits, that person or his/ her family member is not entitled to another plot by the same ...

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Categories: Cooperatives

ACB begins probe into building plans of high-rises - The Hindu

ICA Housing News - Wed, 2011/09/14 - 6:07am

ACB begins probe into building plans of high-rises
The Hindu
The HC enquiry would include permissions granted to Ayyappa Housing Cooperative Society and Gurukul Trust where demolitions of many unauthorised high-rises were taken up last month. The HC has remarked that large-scale illegal constructions of ...

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Categories: Cooperatives

It takes some seniors to raise a Village: Company wants to bring 44-unit co-op ... - Muscatine Journal

ICA Housing News - Wed, 2011/09/14 - 3:56am

It takes some seniors to raise a Village: Company wants to bring 44-unit co-op ...
Muscatine Journal
Sarah Stineman is handling sales for a housing cooperative planned for the northwest corner of the Cobblestone Ridge development. Here she stands beside a drawing for The Village Cooperative of Muscatine, a planned $8 million, 44-unit cooperative. ...

Categories: Cooperatives

SOME GOOD NEWS FOR CO-OPS IN FEDERAL BUDGET 

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Co-operatives and credit unions are likely to benefit from some of the measures in the federal budget, which was tabled in Parliament on January 27.

The budget contained a number of measures aimed at increasing credit, as well as some tax reductions and depreciation changes which will generally have a positive impact on credit unions.

The budget also commits the federal government to increase its investment in social housing, including $1 billion for renovations and energy retrofits on a 50-50 cost-shared basis with the provinces, as well as new funding for social housing for seniors, persons with disabilities and First Nations.

In the Agriculture section of the budget, there were three announcements of interest to co-ops: proposed amendments to the Farm Improvement and Marketing Cooperatives Loans Act (FIMCLA), new investment in slaughterhouses and a five-year, $500-million agricultural flexibility program.

While the budget did not specifically mention renewal of the the Co-operative Development Initiative, the Canadian Co-operative Association (CCA) is optimistic that the program, which assists new and emerging co-ops, will be renewed.

The budget also made no reference to international development, which was described as "unfortunate" by the Canadian Council for International Cooperation, a federation of non-governmental organizations in the development field. While Department of Finance officials confirmed that the already scheduled 8 per cent increase to foreign aid spending will be maintained, CCIC is calling for increases to aid spending averaging 15 per cent a year for the next 10 years in order to reach the internationally agreed target for aid spending of 0.7% of Gross National Income.  CCA had also urged  the government to reach the 0.7 target in its pre-budget consultation brief.

Go to the CCA web site for a more detailed analysis of the budget and its impact on the co-operative sector.

Categories: Cooperatives

IT'S INTERNATIONAL DEVELOPMENT WEEK

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

The Canadian Co-operative Association (CCA) invites you to celebrate International Development Week (Feb 1-7) and the many ways Canadian co-operators are turning poverty into prosperity through their international development efforts.
 
International Development Week occurs each year at this time as an opportunity for Canadians to publicize and learn about the role they are playing in international development.
 
"Canadian co-operators are there where it counts," said CCA Director of International Development Jo-Anne Ferguson. "They are creating sustainable co-operative enterprises - member owned businesses that create jobs, generate profits, provide needed products and services, teach life-changing skills, re-invest in their communities and create opportunities for future generations."
 
Canada's credit unions and co-operatives work in partnership with co-operative movements in over 20 developing countries to bring a better future to millions of men, women and children. They do this by channeling their knowledge and volunteer services to CCA's international development program and by giving generously to CCA's fundraising arm, the Co-operative Development Foundation of Canada (CDF). 
 
For more information on International Development Week events and activities, visit the IDW page on the Canadian International Development Agency (CIDA)) web site.

Categories: Cooperatives

CCA CELEBRATES LARGEST-EVER INSTITUTE

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Over 90 co-op leaders, directors, staff and experts from across Canada and around the world came together in Banff, Alberta February 1-3 to participate at the 11th CCA Institute of Co-operative Studies.
 
The bi-annual centrepiece of CCA's common table program had sessions that focused on strategy, leadership, innovation and engagement.  Speakers of the calibre of Bob Burlton, Chair of Co-operative Financial Services (UK),  David Labistour, CEO of Mountain Equipment Co-op, Professor Michael Cook, Robert D Partridge Chair in Co-operative Leadership at University of Missouri-Columbia and Professor Richard Leblanc, Professor of Corporate Governance at York University challenged, enlightened and educated participants over two and a half days.  

The event was moderated by Lou Hammond Ketilson, Director of the Centre for Studies in Co-operation and Françoise Morissette, Fellow at the Industrial Relations Centre, Queens University and author of Made in Canada Leadership.
 
Presentations will be available on the Institute web page later this month.  The next Institute will take place in February 2011 and past participants will be canvassed on their preferred location.  For more details contact Quintin Fox, Member Services Manager, at quintin.fox@coopscanada.coop.

Categories: Cooperatives

CO-OP DEVELOPMENT PROGRAM FOR WOMEN IN MONCTON RECEIVES FEDERAL FUNDING

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

The federal government has announced $300,000 in funding for a project in Moncton aimed at helping low-income women establish their own co-operative businesses.

The Co-operative Enterprise Development Program for Women is a partnership between the Co-operative Enterprise Council of New Brunswick and an anti-poverty agency, Support to Single Parents.

A Centre is scheduled to open in September 2009 which will provide training in areas such as financial literacy, market research, business planning, marketing, promotion, board development, management, networking, and other business and co-op development topics. Participants will also be provided with a variety of supports and resources to help them develop their co-op business ideas starting with conceptualization through to preparing business plans, accessing credit and capital, start-up, and consolidation.  The Centre will use coaches and mentors from the co-operative and business community to help ensure the success of the new co-ops that become established through this program.   

Categories: Cooperatives

AGRIS CO-OPERATIVE POSTS RECORD SALES

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

AGRIS Co-operative, a farm supply and grain merchandising business owned by more than 1,200 farmers in Southwestern Ontario, has posted another record year with sales of more than $166 million.  The co-operative set a record last year at $119 million in sales after a 2006 merger.

The record sales mean members will share in more than $600,000 in rebates. The patronage rebate will be $205,000 and another $405,000 from interest on investments will be distributed to members. 

AGRIS general manager Jim Campbell said farmers had a better year in 2008 overall, and a better year for farmers means a better year for the co-ops where farmers buy seed and fertilizer and market their grain.

Categories: Cooperatives

UFA CO-OPERATIVE CLOSE TO ACQUIRING SPORTSMAN'S WAREHOUSE

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Alberta's UFA Co-operative Limited has moved one step closer to acquiring Sportsman's Warehouse after shareowners in the US-based retail chain approved the proposed deal.

UFA announced plans last November to acquire a majority interest in Sportsman's Warehouse, an outdoor outfitter with annual revenue topping $800 million and 67 stores in 38 US states. The approval by Sportsman's Warehouse shareholders is an important milestone in the due diligence process. Although there are a number of issues still to be addressed, UFA remains committed to completing the acquisition.

The proposed acquisition of Sportsman's Warehouse is part of a a controlled diversification strategy that includes construction and outdoor-lifestyle businesses. UFA acquired a Canadian outdoor outfitter, Wholesale Sports, last July.  

Categories: Cooperatives

CREDIT UNIONS, AUTO INDUSTRY JOIN FORCES TO STIMULATE CAR SALES

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

In an effort to stimulate auto sales in the United States, General Motors and Chrysler have joined forces with US credit unions to provide  low-cost loans and special pricing to the country's 90 million credit union members.

The Invest in America program is making over $80 billion in credit available for auto loans through credit unions across the US, enough to finance the purchases of about four million vehicles.  The program started in Michigan, and has since been expanded to all 50 states.

Meanwhile in Canada, the Windsor Family Credit Union (WFCU) has created a a cash pool of $5 million to finance new 2008 and 2009 models to eligible borrowers at four local dealerships. WFCU is offering car loans at a low rate of 5 per cent for five years until the end of March for eligible borrowers.

Categories: Cooperatives

MANITOBA CREDIT UNIONS MERGE

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Four Manitoba credit unions will become one this summer as a result of a membership vote to merge the Altona, Dufferin, Agassiz and Heartland credit unions  

The amalgamation creates a credit union with over $1 billion in assets, 35,000 members, 200 employees and 11 branches in south-central Manitoba.  The merger will take effect on July 1, subject to regulatory approval.

Meanwhile, members of Caisse Laurier and Ste. Rose Credit Union, also in Manitoba, have voted in favour of a merger between their organizations. The merged entity, which will have $35 million in assets, over 2,200 members and 12 employees, will begin operations on October 1 as Prairie Mountain Credit Union, also pending regulatory approval.   

Categories: Cooperatives

FEMPRO EMPLOYEES FORM SHAREHOLDER CO-OP

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Employees of FEMPRO, a Quebec manufacturer of feminine hygiene products, have formed a shareholder co-op and now hold 9.5 per cent of the company's shares. More than 90 per cent of FEMPRO employees invested $400,000 to take an equity stake in their company.

The move by FEMPRO employees comes less than a year after the company was bought out by Capital régional et coopératif Desjardins, managed by Desjardins Venture Capital. Desjardins Venture Capital is part of Desjardins Group, Canada's largest financial co-operative.

"The creation of this co-operative is the realization of our co-operative difference, and we are extremely proud to be part of it," said Louis L. Roquet, President and Chief Operating Officer of Desjardins Venture Capital.

Categories: Cooperatives

THE CO-OPERATORS TO HOLD YOUTH SUSTAINABILITY CONFERENCE

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

The Co-operators is calling on young people across Canada to participate in Impact: The Co-operators Youth Conference for Sustainability leadership, which will take place a the University of Guelph on September 24-26.

The Co-operators is partnering with academics and non-governmental organizations to bring 180 Canadian students together with a variety of speakers and experts to develop sustainability solutions for their campus, their community and their current and future workplaces. All conference costs will be covered for the selected participants, but students must contribute their time and commitment. Participants are also required to take concrete action after the conference.

Until February 27, students who will be 19-25 and enrolled in any discipline at a Canadian college or university in September 2009 my apply at www.impactyouthsustainability.ca. Participants will be selected from various fields of study, perspectives and regions to ensure a diverse and multi-disciplinary approach.

Categories: Cooperatives

CCA LAUNCHES CALL FOR CASC SCHOLARSHIPS

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

The Canadian Co-operative Association (CCA) is inviting university students across Canada to apply for the three Canadian Association for Studies in Co-operation (CASC) scholarships it administers.  

The scholarships are:

  • the Alexander Fraser Laidlaw Fellowship (open to graduate students)
  • the Amy and Tim Dauphinee Scholarship (open to graduate students)
  • the Lemaire Co-operative Studies Award (open to undergraduate and graduate students)

In addition to the monetary awards, the winners will be provided with a free one-year membership in CASC and free registration at CASC's 2010 conference.

The deadline for applications is April 15, 2009. For more information and application forms, visit the scholarships page on the CCA web site. 

Categories: Cooperatives

LA SIEMBRA INCREASES SUPPORT FOR DOMINICAN COCOA CO-OP

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

La Siembra, the Ottawa-based worker co-operative that produces Cocoa Camino chocolate products, has announced that it is now sourcing a significant portion of the cocoa powder used in its hot chocolate directly from a co-op factory in the Dominican Republic.

La Siembra made the decision after CONCADO, the Dominican agricultural co-operative that grows the cocoa, announced that it would purchase and operate a cocoa processing factory in that country. Previously, the CONCADO cocoa used in Cocoa Camino hot chocolate mixes was processed in Europe.

In the near future, La Siembra hopes to complete its transition to the exclusive use of cocoa processed by its producer partners in its Canadian-made products. Two years ago, the company gave similar support to partners in a sugar co-operative in Paraguay which had begun to process its own sugar in a rented factory. Today, all the sugar in Cocoa Camino's Canadian-made products comes from this factory.   

Categories: Cooperatives

UK CO-OP MERGES WITH BUILDING MUTUAL

CCA News Briefs - Thu, 2009/02/05 - 3:01pm

Britain's Co-operative Financial Services  and Britannia, the UK's second-largest building society, are to merge to form a "supermutual", a decision that could lead to consolidation of other smaller mutuals. The deal will form a business with £70 billion (C$125 billion)  in  assets, 9 million customers and 300 branches.

The merger was made possible by a parliamentary bill to remove legislation that prevents mergers between mutuals and co-operative groups.  A mutual is a type of co-operative in which member do not contribute to the capital of the company, but derive their right to profits and votes through their customer relationship.

Co-operative Financial Services is part of The Co-operative Group and owner of the internet bank Smile.

Categories: Cooperatives
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