Co-ops in the News

The following is a collection of articles reporting on co-operatives found in online newspapers and magazines in Canada and around the world.

Car sharing coming to Saskatoon?

Luke Simcoe, Saskatoon Star Phoenix — 6 Sep 2008

SASKATOON -- Fed up with skyrocketing gas prices? Tired of costly car repairs and insurance premiums? Sick of driving in circles trying to find a parking spot?

If you answered yes to any of these questions, then you might be a candidate for car sharing.

The new credit union boom

Dan Hyde, This is Money — 2 Sep 2008

Customers disillusioned with traditional banking in the wake of the credit crunch are turning to credit unions in search of a safer, more ethical place to save and borrow, it has emerged.

Some big banks took too many risks, lending aggressively during the boom years. Their actions may yet provoke a UK recession and credit unions look set to benefit.

'Credit unions are a very good way of keeping banking in check,' says Mark Lyonette, chief executive of the Association of British Credit Unions Limited.

Money & morals: Faith-based credit unions lend more than a helping hand

Jean Gordon, Clarion Ledger — 2 Sep 2008

As foreclosure rates rise to new heights, Mary Rhodes is counting her blessings.

The Rankin County School District bus driver recently moved with her 17-year-old son into a new home in Morton.

"The Lord led me to this," she said about the three-bedroom, two-bath house she closed on in June. "It was move-in ready. All I had to do was paint."

Credit unions continue to lead in customer service

Press Release, CNW — 2 Sep 2008

Independent survey shows credit unions beat banks in many categories

TORONTO - For the fourth year in a row, an independent survey of thousands of Canadians has shown that credit unions rank first in overall quality of customer service among all financial institutions.

Lake Forest Co-op wants to have Youbou Lands business park, run marina, boat ramp

Doug Marner, Lake Cowichan Gazette — 2 Sep 2008

The Cowichan Lake Community Forest Cooperative is interested in acquiring the proposed business park at the old Youbou millsite, as well as managing the proposed marina and boat ramp.

Pending rezoning approval, a spokesman for the owners of the property, Thomas Kreilein, said he’s interested in the idea.

Lorne Scheffer, chairman of the Forest Co-op, wrote to Kreilein saying he believes it’s an excellent opportunity for the Forest Co-op. In a telephone interview, Scheffer said this would come under the Forest Co-op’s mandate to create jobs.

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