Save the Dates:   International Credit Union Day is October 16 and Co-op Week is October 13-19.



The year’s message is,

“Local Jobs and Services. Global Good.”

Canadian credit unions have a long history of supporting their communities, which collectively contributes to greater global good. Credit unions have had great success in doing business this way and this is evidenced by our growing membership regionally, nationally and globally.

THINK Co-operative!  

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More input from our Members:

Let’s get away from fossil-fuel based economics.  Thank you for standing against this pipeline plan! 

No. Never. Not now.  Not ever.  We need to focus on green, renewable technologies not dirty, polluting tar sands for profits!

I am unequivocally opposed to this pipeline.  There are too many reasons to list – it is unsafe for people; it promotes climate change; the NEB is undemocratic; it ignores First Nations rights and title; it support a corrupt industry; it does not benefit the people who are most directly harmed by its construction or potential accidents.  No!  No!  No! Thank you.

No more pipelines. We need to invest in cleaner forms of energy.


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CoopZone On-line Training Program 2014-15

Information Webinar, August 15:  9am PDT. RSVP to Hazel Corcoran

CoopZone offers co-op development trainingIntroduction to Co-op Development course, the Foundation Program, and  the Advanced Program.  

Introduction to Co-op (late October through March) provides an understanding of the types and roles of co-operatives and the basic co-op development process; this is the course for staff at co-operatives & co-operative associations. The higher level courses are aimed at those who wish to learn how to help others start co-operatives.  

The Foundation Program, is for those who may become co-op development consultants or work in the early stages of development.

The Advanced Program  (Years 1 and 2) for those who wish to become active developers and provide full-scale services around business development, group development, etc.  All of these on-line courses are designed to fit around a full-time job. 

For more information email the Course Director Peter Hough,

Click here to find brochures and applications for download:

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Our members are sharing their thoughts with us as we prepare our submission. CCEC is the only financial institution granted intervenor status on the Kinder Morgan Pipeline inquiry.

Share your thoughts on or send an email to Joanne.   

Being an elder – the thought of the environmental ramifications of this and the affect it will have on my grandchildren’s lives is heart breaking! Please Vote No!

No pipeline with Bitumen inside. Refine it at the source. No extra tankers. Keep the wealth here in BC.


Oil spills will make the creatures unhappy. But most likely DEAD!


Building more pipelines is the last thing we should be doing. We should be working to lessen our dependence on oil. Stop exporting to China, and ultimately shut down the Tar Sands. Canada should be concerned with preserving and protecting the vast tracts of wilderness we have. Here in the Lower Mainland we can be investing in infrastructure for sustainable transportation.


Kinder Morgan’s history of spills shows me they do not care about anything but profits.


It is not worth the environmental and cultural risk to BC. We should invest the $$’s in alternatives. We, as a planet can’t afford more carbon in the atmosphere. I am against this pipeline because I think the environmental risks to our coast far exceed the potential benefits of the pipeline. I am concerned about the risks to our coastal water of increased tanker traffic, as well as to our rivers and streams of potential pipeline spills. The global threat of increased climate change that the processing and burning of bitumen is also a very significant concern for myself and my family.


Persons on disability receive $906 / month, which has not been increased for at least 7 years. The BC Gov’t says there’s no money to enable an increase. They should stop subsidizing companies like Kinder Morgan and instead invest in all the viable opportunities for ecologically sounds, profitable businesses, thereby creating long-term employment and greater economic growth. Then maybe they’d be able to lift their constituents out of poverty!


I’m from the Nlaka’pamux Nation, located in the Southern Interior of BC. The Trans Mountain pipeline goes directly through my territory, through mountains, hunting grounds, by water sources with salmon and through foraging and berry picking grounds. A massive rupture took place last year by Merritt, BC and shortly after, closer to Hope, BC. The proposal to double the pipeline and increase the amount of crude oil going through my territory is a very grave risk. I do not support the tar sands, I don’t support seeing more tankers, and I do not want anymore crude oil going through my territory. All My Relations.


My planet is sick and so are many of the people who inhabit it.  We need to make decisions that benefit our planet and its people.  “Profits” needs to be eliminated from the process.  Creating jobs and income at the risk of destroying our planet needs to stop.  There is no risk worth the damage that the pipelines can create.  The risk is too high and not worth the investment. 


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Offered by credit union partner Concentra Financial, CCEC Credit Union supported Groundswell Grassroots Economic Alternatives in obtaining one of eighteen nationally-offered ‘emPOWERING Your Communities grants.  The grants are presented by Concentra to be delivered through credit unions to support co-operative and socially responsible ventures.

Matt Hern, Groundswell Founder stated, “The grant will be used to further Groundswell  work to confront the isolation, precarity and social disconnect that so many young people encounter today.”   Groundswell is a training network of young people starting alternatives-to-business together, and recreating the economy in the process.  The school is based in Vancouver, BC, and connected to global efforts to build a more democratic economy. 

The alternative-to-business-as-usual school sees 25 people under 35 years old spend eight months learning how to build cooperatives, collectives, non-profits, social businesses and a different way of doing business.   Matt says he was inspired by the good, smart young people in his neighbourhood that want to make an impact on the world with their projects, but are not sure of the route to take or have yet to see their projects come to full fruition.   After completing the 8 month Groundswell program, he sees the graduates emerging with a project that has been well researched and validated, a business plan and the personal confidence carry it through.  Applications are now being accepted for the program starting in September.  Visit for more information.

"Groundswell is very grateful for the support from Concentra.  We are honoured to be among the many great winners past and present of Concentra funding who are working to strengthen the co-operative and credit union movement in Canada," said Hern.

Ross Gentleman, CEO and General Manager of CCEC Credit Union noted, “CCEC is collaborating with Groundswell on this project providing loans to the students for their tuition.  Supporting Groundswell in their emPOWERING Your Communities  Grant submission is another example of our partnership.”

CCEC Credit Union is a single branch credit union on Commercial Drive.  It was founded by Vancouver’s self-help community including co-ops and not-for-profit groups to meet their financial needs.   Our goal is Economic Democracy.



Concentra Financial Presents $10,000 cheque to Groundswell Grassroots Economic Alternatives

From left to right:  Irina Molhohovsky (community volunteer – Groundswell); Diane McLean, AVP (Concentra); Jim Barker, Co-Founder (Groundswell); Ross Gentleman, CEO and General Manager (CCEC) and Andrea Fiscal, Community Outreach Coordinator with Obi (Groundswell)

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CCEC hosted a community 'inquiry' into the proposed Kinder Morgan pipeline expansion (Edmonton to Burnaby), June 14th 10am-1pm at the Croatian Cultural Centre.  Several members and others came out to learn and debate the merits of the project.

CCEC has been granted 'intervenor' status in the National Energy Board review process, and is the only financial institution to do so.  CCEC is concerned that the NEB process is not open, accessible and objective.  CCEC is making an effort to make the debate more public and complete.

At this workshop presentations were welcomed from Kennedy Stewart, MP Burnaby Douglas, Sven Biggs, representing Forest Ethics, and Liz McDowell from Conversations for Responsible Economic Development.   

Others attending made calls for citizen action; the Dogwood Initiative is a voter based province-wide campaign.  'BROKE' is a Burnaby residents' project. 

The Kinder Morgan proposal to move diluted bitumen was criticized on many fronts; environmental, First Nations, democratic process, public policy efficacy, business case, and risk distribution.  

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Parliament passed legislation last week to enact a new "Intergovernmental Agreement" (IGA) with the USA that will have financial institutions collecting and submitting even more information to tax authorities in Canada and the USA.  At the same time, legal challenges are being mounted in both countries based on constitutional rights and protections. Indeed, the IGA is offensive, in so far as much more personal financial information must now be 'filed' and may lead to many US citizens, former US citizens and business people being unfairly harassed by the IRS.  

One Charter Challenge is being lead by the Alliance for the Defense of Canadian Sovereignty, and support is being solicited.  The project is being championed by many dual citizens who feel truly betrayed by the Canadian Government.  The Isaac Brock Society also provides background information. 

Under the IGA, Canadian banks and other intermediaries will be collecting information for the US Foreign Account Tax Compliance Act (FATCA). This is information was not previously provided to CRA or the IRS.  Databases will be built to allegedly catch 'tax evaders', but that repository will include exceptional amounts of information on all identified "US persons". Effective July 1st information is to be collected, exemptions are made for registered savings plans and 'local banks'.  For more information an overview is published by the CBA.  

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The US Foreign Account Tax Compliance Act (FATCA) is being implemented in Canada under an Intergovernmental Agreement (IGA) between Canada and the US.  The particulars are in the Budget Implementation Act currently being debated in Parliament. The upshot is that Canadian financial institutions will be obligated to send personal information to the Canadian Revenue Agency that will be shared with the IRS in the USA. The government has released some basic information here

There are substantive arguments that the IGA violates Canadian constitutional and privacy laws, and American law. However, the US has been insistent in negotiations and the Canadian government has acquiesced.   

Those with American citizenship or residency may have their banking information relayed to the IRS.  Canadian Banks, with some exceptions, will begin collecting and reporting information as of July 1, 2014.  "US persons" affected should be assessing their positions. There is the prospect that US tax collectors will be harassing many people in Canada who have US links or citizenship.  Call if you would like more information. 

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Director Adriana Poveda has resigned from the Board of CCEC, with regrets.  She has accepted a new position with the Provincial government and will be moving to Victoria.  Adriana has been on the Board for two and a half years and most recently been a board co-chair. She has served on several committees while on the Board.  She has been an insightful contributor and diligent in fulfilling her responsibilities. We will miss her, but we wish her well.  

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StorefrontOn May 27th we re-opened across the street, in our real 'home base'.  The move proceeded well and all systems were up and running on Tuesday. We apologize for any inconvenience to you as some systems were down over Sunday and Monday. 

We invite all members to come in and check out our renovated premises.  We are eager to see you!

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