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2020 was an unprecedented year.  It did not go as we were expecting as Covid impacted all of us.  We have seen loss of lives and changes in our communities and local businesses. As we are set to enter a new year, let’s pause, reflect and identify what is important to us.  

The CCEC Board is inviting members to join us to  discuss the future of the credit union and the upcoming Annual General Meeting. We hosted a Virtual Town Hall on December 10th and our second Town Hall is on: 

As you know, the credit union sector in British Columbia is facing enormous pressure with ever increasing regulatory requirements, rising costs and low margins resulting from historically low interest rates.  While our financial position is strong and we will be reporting healthy earnings in the year ending September 2020, our long term financial planning indicates we will face challenges. Across the province, over 25% of credit unions are currently considering a merger or acquisition.

 

CCEC’s Board has initiated some informal discussions with other credit union boards about what they are experiencing and what, if any, opportunities there may be to collaborate and/or join forces.

 

This is also a great opportunity to learn more about CCEC if you are interested in running for the Board at the AGM on February 4, 2021. Nominations are being accepted for 6 positions on the  Board and 4 positions on the Credit Committee. Click here for more information and to download the Nominations Form. 

 

We look forward to seeing you at a virtual town hall meeting and the upcoming virtual AGM on Thursday, February 4, 2021. 

 

RSVP Joanne  jmackinnon@ccec.bc.ca to attend the Town Hall and the AGM.  A zoom link will be sent closer to the time. 

 

Thank you and be safe and healthy in 2021.


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Holidays are supposed to be a time of gathering together.  However, this year, we will be staying at home and limiting our social interactions. Some of us may find a socially distanced holiday to be stressful. It is important, especially during this unprecedented season, that we take care of ourselves and our mental health.


We know that social distancing can make us feel more lonely and isolated.  So, even if you can’t meet in person, it is important to connect with family and friends in any way you can. The following are also positive ways to manage your mental health and the holidays: 


  • Exercise - get outside, go for a walk; 

  • Have a hobby hour - reading, crafting, puzzles or drawing. Join a friend group online;

  • Practice relaxation - meditation, yoga, taking a hot bath or getting a massage;

  • Talk to someone -  talk about how you are feeling with someone you trust. Call a friend or family member who is in your regular social circle.

These are a few strategies that can help you take care of yourself during the holiday season and year round. 
On behalf of CCEC Credit Union, we wish all our members a safe holiday season. 

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CCEC’s Board of Directors invites you to join us to discuss the future of the credit union and the upcoming Annual General Meeting.

 

CCEC is a member-owned financial co-operative and the Board seeks your thoughts about our future.


The credit union sector in British Columbia is facing enormous pressure with ever increasing regulatory requirements, rising costs and low margins resulting from historically low interest rates.

 

While CCEC’s financial position is strong and we will be reporting healthy earnings in the year ending September 2020, our long term financial planning indicates we will face challenges. Across the province, over 25% of credit unions are currently considering a merger or acquisition.

 

CCEC’s Board has initiated some informal discussions with other credit union boards about what they are experiencing and what, if any, opportunities there may be to collaborate and/or join forces.

 

This is also a great opportunity to learn more about CCEC if you are interested in running for the Board at the AGM on February 4, 2021. 

 

Please RSVP to Joanne and we’ll send you a Zoom link closer to the date. Thank you and we look forward to seeing you at a virtual town hall meeting.

 

We ae hosting two Virtual Town Halls: 

  • Thursday, December 10th  7:00pm – 8:30pm and 
  • Saturday, January 16th 10:30am – 12:00pm



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Food insecurity is getting worse. Before COVID, one in eight Canadians struggled to put good food on the table. During the pandemic, it’s become one in seven—a 39 per cent increase. Food insecurity goes much deeper than hunger. It impacts our physical and mental health, social connection and community, employment and aspirations, family life and more.

Ian Marcuse is the Grandview Woodland Food Connections (GWFC) Coordinator and a long-time CCEC member. He works out of Britannia Community Centre.  He is a member of the Vancouver Neighbourhood Food Network (VNFN), a network of community organizations committed to promoting food security in neighbourhoods across the City of Vancouver.  This holiday season we are encouraging our members to support the work of the VNFN and the GWFC as they are providing emergency food for those who need extra support at this time. 

 

Read how Ian Marcuse and the GWFC has responded to the rising food insecurity in our neighbourhood: 

At the time of the initial COVID lockdown in mid-March, we deemed food access an essential service and within days mobilized the necessary resources needed for an effective response to COVID food insecurity in East Vancouver. This COVID Emergency Food Home Delivery Program ensures that food is provided in a dignified way including completely barrier free access, home delivery to ensure safety and health are a priority, and an emphasis on quality and highly nutritious foods. Our hampers are especially curated to support healthy outcomes for receiving households.

Since our programs started, we've delivered 6,250 food hampers. But we have also been able to increase our existing capacity in building a more resilient and responsive community food security program by establishing new relations with food suppliers, farmers, referring agencies, funders, volunteers, and new community members who we might never have connected with in the past.  More importantly, we have gained new insights and engaged in many conversations with peers, funders, policy makers and others about the systems that cause food insecurity and advocate for a more equitable food system in the long term. Interestingly, COVID has opened an important policy window to push for the change needed and the GWFC is lending a strong and informed voice to the change needed.

  • 520 Households in East Vancouver supported

  • 1,500 Individuals

  • 218,750 lbs of food distributed (average 30lb/box)

  • 120+ volunteers mobilized 

  • 3,600 volunteer hrs logged

While a temporary program for us, this response to COVID has been meaningful and important and continues to meet immediate food security needs at the community level by ensuring that the most vulnerable in our community have access to good food. However, as COVID numbers increase, demand for the program continues to grow especially for households with compromised health and facing financial hardship. We now have a waitlist.

Click here to donate to the Vancouver Neighbourhood Food Network. 
Contact Ian to get involved and to make a donation to the Emergency Food Program  gwfcnetwork@gmail.com or phone  604-718-5895
If you are experiencing food insecurity or know of someone who needs extra food support at this time, please contact your local Food Bank Community Partner.

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Managing your money, debt and investments, planning for retirement and protecting yourself from consumer fraud -  November is the 10th Anniversary of Financial Literacy Month  and a good time to review how you are doing. 


It is important that we all know how to protect ourselves, our identity and our money from frauds and scams.  Did you know that each year Canadians lose an estimated $100 million dollars to a variety of scams? In the past six months, loss to Covid-19 fraud was $6.2million. Lean more in the webinar hosted by the Vancouver Public Library taking place on November 24. 


The Canadian Government has many online tips and tools to help you better manage your finances in challenging times.  These include making a budget to keep track of your money, minimizing debt, and understanding financial products and services.  You can also learn how your credit score is calculated and how to make it better.  


If you have any questions about your financial well-being, we ask you to give us a call. We can provide complimentary advice. 


Financial Literacy Month is online in November. Follow them at @FCACan  and #FLM220


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November is Financial Literacy Month and the theme is “Understanding Your Finances”. Check the Government of Canada website for practical tips and tools on budgeting, savings, investing, fraud prevention, avoiding debt and building a strong credit history. Learn the 10 things you should know during times of financial uncertainty. 

They are also offering webinars: 

Financial Literacy Month is online in November. Follow them at @FCACan  and #FLM220.

If you have questions or concerns about your financial wellbeing, please give us a call. 

 

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We are now accepting applications for the 2021 recognition and award. 


This award is given annually to member groups that are active in social justice and co-operative development activity.  The award consists of three elements:  recognition from our community, our commitment to promote the project further through CCEC, and a financial contribution from the Roger Inman Trust.  The project itself contributes to the economic development of the community.

If you are a CCEC Member Group, business or individual you may apply for this special recognition and cash award. The award honours the memory of Roger Inman who contributed lots of time and effort to the early years of CCEC. His contributions to the wellbeing of the credit union and community economic development are numerous.  

Roger Inman became a member when CCEC first opened in 1976 and shortly after began serving as a volunteer teller. He was also a member of the credit committee, and later joined the Board of Directors where he served as co-chair and spearheaded the newsletter. A warm lovable man, Roger always contributed his time, insights, and humour to the many community initiatives with which he was involved. He was also active in local politics where his keen mind and natural optimism were always appreciated. Through this award, we acknowledge his devotion to community economic development, his commitment to his ideals and his generosity in spirit.

CCEC is committed to keeping our money and resources working in our community by actively supporting and promoting the development of strong, successful community businesses, projects and organizations

Applications are available on our website. Learn more about the award and our 2020 Award Recipient, The People's Prom 

If you have any questions, please contact Joanne.


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It’s International Credit Union Day on Thursday, October 15.  It has been held on the 3rd Thursday in October for the past 72 years. Did you know there are  291 million credit union members worldwide?  As we reflect on the role CCEC has played in our community and in our members’ lives, let’s share our experiences and invite our friends and family to join CCEC. 


CCEC received its charter in 1976, 2 years after a group of people involved in daycare, consumer and housing co-operatives raised capital to support community economic development. They called their group the Community Congress for Economic Change Society.  Our mandate was to serve groups that have been excluded from the economic mainstream - because they don't fit a banker's idea of a good credit risk - for example, the arts groups, immigrant organizations, housing co-operatives, and similar organizations that continue to be core of our membership. Loans were available to meet our members needs, and for community enterprises and community action. The founding members of CCEC described the loan process as "group solutions to individual problems."  The local focus of the credit union saw the money reinvested within our community. 

Some things haven't changed at CCEC over the past 44 years.  We continue to be guided by the principles that are the foundation of CCEC. We also continue to ensure community input into the lending process by maintaining a credit committee elected from the membership. Also, many directors, credit committee members, and staff are active in community groups that make up our membership.

CCEC is a member-owned, community development organization that is powered by people, like you;  in service of people like you.   Let’s celebrate International Credit Union Day! 


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A Registered Retirement Income Fund (RRIF) provides a source of retirement income. It can be set up anytime and withdrawals must start one year after it is opened. CCEC is now offering this service to our members and we want you to better understand them. 


There are various retirement investment options and we can provide you with complimentary financial advice and guidance.  While you must convert your RRSPs to a RRIF by the end of the year you turn 71, you can transfer your existing RRSP into an RRIF at any time.  To open an account, we can help you transfer your RRIF from another financial institution. 


A RRIF, like an RRSP, is tax-sheltered for deposits. As you need to withdraw a minimum amount in the calendar year after it was first funded, those members who are thinking of taking an early retirement may want to talk with us about opening an account.


Investing at CCEC means that you keep money working in the community to benefit you, your neighbours and local businesses.  CCEC has always been highly localized in how we invest your money since we opened in 1976. Our values have not changed. 


We are pleased to offer our members the option to invest in an RRIF. 


Call us to learn more. 


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In this upcoming provincial election, for the first time, all voters can vote by mail.  We feel this is a good option for many reasons and encourage our members to Request a Mail-In Ballot.  A reason is not needed to make this request as it aims to make voting more accessible and inclusive. At CCEC, we will be following issues of interest for our members, and for now want you to have the information you need to vote and to feel safe doing so.    


The Elections BC’s website has detailed information and instructions on how to request a mail-in ballot and how to vote.  Click here for the PDF of How to Vote by Mail


The deadline to request a mail-in ballot is October 17. Completed packages must be received by Elections BC before 8 pm PST on voting day Saturday, October 24. 


You can Request a Mail-In Ballot online, by phoning 1-800-661-8683 or at your closest district electoral office

Returning your package is by the postage paid return envelope provided; in-person at your electoral office or your voting place. 


For further information call Elections BC at 1-800-661-8683.


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