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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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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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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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The federal government committed to support businesses and individuals through this pandemic. We will see investment in a child-care program, standards for seniors care, a disability benefit modelled after the Guaranteed Income Supplement for seniors, and initiatives in the areas of homelessness; and support for working women, migrant workers, Indigenous people, and racial minorities. COVID-19 has exposed a lot of problems that are not new. We need to ask ourselves, “Did this Speech from the Throne address the problems while embracing a Green New Deal and Just Recovery?”


Sadly, not.  There was little new commitment to take action on climate change and the environment.   CCPA quoted from Seth Klein’s new book, A Good War: Mobilizing Canada for the climate emergency, that we must adopt an emergency mindset. 

 They also say that the speech “fell far short of expectations for a bold, just and green recovery - and is silent on the billions of dollars this government is spending on fossil fuel subsidies and the Trans Mountain pipeline.”  The bottom line is that we hoped to see more green initiatives at the federal level. 


The speech also failed to address a guaranteed base income. And its proposed measures are largely downstream measures, rather than investing in the root causes of, for example, incarceration for racialized and Indigenous peoples. The vulnerability of migrant workers is another issue and you can learn more on the  Together For Full & Permanent Immigration Status For All campaign. We are also falling short to support a resilient public health care system that includes funding to address the opioid crisis, a mental health crisis, and ongoing climate emergencies. The pandemic has exacerbated existing inequities, worsened poverty, and we are more vulnerable by the economic shocks of COVID-19.  


We need a stronger commitment towards a Just Recovery at all levels of government.  We are now entering the provincial election campaign and have an opportunity to ask our candidates some hard questions and vote for representatives that commit to helping us weather the pandemic and ensure a just recovery. 


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Internet provider discontinues service in Haida Gwaii - Aug. 19.  The COVID-19 crisis has brought into sharper focus a digital divide that is both socioeconomic and geographic. As our lives have shifted to online, many of us take for granted our internet connection and the access that comes with it. The Internet is considered a basic service, but there are too many people who don’t have accessible, inclusive and affordable service.


A Digital Divide is a difference in access to technology between nations, regions and people based on demographic factors such as income, race and age.  One year ago, we wrote a blog on the Digital Divide and its importance to our communities. The crisis has highlighted how essential an internet connection is to daily life - to earn a living, to access mental health resources, or to apply for benefits - and why it’s unacceptable that one in 10 Canadian families do not have a home internet connection.  


Racialized, low-income people are being hardest hit by the Divide. With COVID, it has become more difficult for marginalized populations to stay connected to their social and community support networks.  This is not only in remote areas or on Indigenous lands but here in Vancouver. The Binners Project in the Downtown Eastside, for example, had to change its weekly meeting to phone calls. Most Binners, who do not have access to the internet or a cellular phone, felt more disconnected and lonely as many still are not employed.


Internet access is expensive both as a customer and for the service providers. Many rural, remote, and Indigenous communities don’t have access to a good connection due to the costs to service a small number of people. A town with a population of 14,000 reports that it can take at least 2 hours to download large files like homework.  Teachers with slow or no access are wondering how they will provide online learning for their students. ACORN reports that more than one third of Canadians have to make sacrifices to afford home internet, like forgoing spending on transit or even food.


The Province included internet and telecommunications in the list of services that must continue to be delivered during the pandemic, describing these services as “essential to preserving life, health, public safety and basic societal functioning.”  Home internet is used for vital life activities and at the same time remains unaffordable and inaccessible.  Let’s support a Just Recovery where all British Columbians have access to high speed internet. 


Please share your comments with our members.


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We’ve come to a fork in the road. We need to decide if we are an ‘oil country’ or a ‘country of nature?’ Do we want the previous status quo, with its now-obvious holes in our health and social well-being nets, and its trajectory towards climate catastrophe? Or do we want to “build back better” in ways that fight climate change, inequality & injustice?


We talk about  building a healthier, fairer, greener province based on a clean economy. We want to support strong climate and clean energy policies needed to build a resilient economy. We know the projects generated from a clean energy framework can put people to work in safe, healthy, well-paid jobs. We understand that a green recovery is a  just recovery and we don’t want anyone to be left behind. 


The Premier’s Economic Recovery Task Force is scheduled to release its findings from the 6 week public consultation process this month. The report aims to provide recommendations on how the $1.5 billion fund set aside for recovery spending will be deployed.  A member of the task force,  The BC Federation of Labour, submitted, “We must make up for lost time in addressing the climate crisis, with an accelerated and inclusive path to a green economy. The global collapse of oil prices is only the latest drastic swing in the fossil fuel economy — and one more sign that a sustainable future must rely on a swift transition to cleaner, renewable sources of energy.” They continue by saying, “We must look beyond economic indicators to human outcomes — our goal entails nothing less than the end of poverty, homelessness and other inequities. And it goes deeper: a meaningful connection to the communities they live and work in and with — even in times of crisis, with no exceptions.” Reading submissions like those of the BC Federation makes it sound hopeful that the BC Economic  Recovery Plan will support a Green New Deal. 

At the same time, however, we continue to invest in fossil fuel projects. The Trans Mountain Pipeline, owned by the Canadian Government, continues to be built despite knowing there is no longer a market in Asia or in the US to sell the gas; that we publicly committed  to climate action in the Paris Agreement; we have a flawed consultation process with Indigenous communities; a  failure to consider the risks posed by increased tanker traffic; ongoing protests and other concerns.  We know that the BC Recovery Plan Task Force is represented in favour of heavy industrial business and is  lobbying to have their projects be financially supported through the Plan.  

The Report
is scheduled to be released this month.  Let’s see how well the  recommendations reflect the importance of workplace safety, strong public services, and our collective responsibility to take care of each other. We have the chance to address those gaps, and to do much more. We can build back better than before.

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Invest locally, achieve prosperity, and build resilient regional economies. A blog in 2013 on the book,  Local Dollars, Local Sense by Michael Shuman, continues to resonate with CCEC as we have always kept your money working in your community. When the book was released in 2012, CEDNET (The Canadian Community Economic Development Network) called Shuman, the “local economy pioneer with his revolutionary toolbox for social change”. 

Shuman shows that by putting our money into local businesses, we build resilient regional economies. In 2012, he said that Americans’ long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds was about $30 trillion, but “not even 1 percent of these savings touched local small business—even though roughly half the jobs and the output in the private economy come from them.” 

Here are some highlights from the book that hold true today:

Economic development as practiced today has three dubious characteristics.  It focuses on nonlocal business.  It lacks a coherent framework for assisting local business.  And it is a top-down enterprise.  There is an alternative set of principles and practices—a “local living economies” (LLE) approach to economic development that focuses on local business, creates an entrepreneurial ecosystem that supports them, and invites grassroots participation. 

Starting in the 1970s, the objective of most economic developers became to attract or retain global businesses.  Indeed, one of the most common phrases in the professional literature, even today, is “to attract and retain.”  What this formulation misses is locally owned businesses.  A locally owned business cannot, by definition, be attracted.  And most locally owned businesses, because they have deep relationships to a community through its managers, employees, owners, customers, suppliers and other stakeholders, usually do not require special efforts to retain them. The focus on “attraction and retention” suggests that economic developers have increasingly focused on global big business.

A community prospers when it follows three simple rules: 

Rule #1:  Maximize the percentage of jobs in your local economy that exist in businesses that are locally-owned. 

Rule #2:  Maximize the diversity of your businesses in your community, so that your economy is as self-reliant and resilient as possible.

 Rule #3:  Prioritize spreading and replicating local business models with outstanding labor and environmental practices.

As we restart our economy with a just recovery framework, it is key to support our local businesses and to buy-local.  Banking at CCEC allows us to lend to you, your neighbours, our businesses and arts community. Invite a friend and family to join us today.


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Rooted in social justice values—like human dignity and freedom, fairness, equality, solidarity, environmental sustainability, and the public good—and a strong belief in the power of participatory democracy, CCPA released its’ 25th edition of the Alternative Federal Budget (AFB) Recovery Plan. 


It is time to put human rights, labour, environmental protection, anti-poverty, arts and culture, social development, child development, international development, women, Indigenous peoples, the faith-based community, students, teachers, education, and health care workers at the forefront of policy planning and decision-making. 


2020 is  a critical turning point, a year in which the systems that sustain our societies failed. Greenhouse gas emissions dropped, highlighting the irrefutable link between how we live and climate change. Globally, billions of lives have been disrupted, more than half a million lives lost.


In Canada, we are guilty of racial, ethnic, and Indigenous injustices. The inequities that were baked into our systems have been exposed and exacerbated by COVID-19.  We need investments in a just, equitable and sustainable recovery and to fix many areas of public policy. 


The AFB Recovery Plan identifies the following immediate action items: implement universal public child care so people can get back to work, reform employment insurance, strengthen safeguards for public health, decarbonize the economy, and tackle the inequalities in gender, race and income. 

The Plan includes an analysis of key areas being impacted by COVID-19 including affordable housing and homelessness.  We know that when eviction bans are lifted, more households will be on the brink of homelessness.  Also, the closure of daytime services and public spaces offering washroom facilities and internet access created challenges for those who depend on these shared services.  

We need to increase our social housing stock and in Barcelona they are doing this by seizing empty apartments.  The city told the property owners to fill the vacant rental units with tenants or they would take over their properties. The landowners have one month to comply. Would or could our city government be willing to take such bold action? 

At CCEC, we work to reduce barriers to open a bank account and to provide equitable and just access to financial services. We know this is our chance to bend the curve of public policy toward justice, well-being, solidarity, equity, resilience, and sustainability.  Learn more and read the CCPA Alternative Federal Budget Report to build healthier communities where no one is left behind. 

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We all play a part to create an economy that's more just, equitable, and sustainable.


At CCEC, your funds allow us to support local, grassroots businesses and reinvest in our community. For over 45 years we have served member organizations and individuals who are underserved to meet their basic human needs and rights, for community enterprises and community action. 


At this time, it is even more important that we shop local and eat seasonal produce. Your independent owned or co-operative business contributes to your neighbourhoods’ arts, culture and sports. They build community, connect us to each other and form our economic activity.  


A member recently commented, “We appreciate the role CCEC plays in Community Economic Development and your roots from the Community Congress for Economic Change.”  


Community Economic Development (CED) is a core value for CCEC.  We know that CED empowers communities to shape how the local economy provides for them and how it impacts their lives.  We can ask ourselves, “What kind of community is created and sustained by the local economy, and how do we include the people who may be  left out.”  CCEC supports a Just Recovery and an economy where there is a shortening of the supply chain. 


Local businesses help our communities by:

  • Creating diverse, inclusive employment

  • Adapting to challenges

  • Being proactive, prepared, and resilient.


There is an additional economic benefit to an area when money is spent in the local economy.  Independent locally-owned businesses recirculate a far greater percentage of revenue locally compared to absentee-owned businesses (or locally-owned franchises*). In other words, going local creates more local wealth and jobs.


CCEC has always kept your money in your community to support our local economic development. We encourage our members to shop or keep shopping local to support our arts, culture, sports, restaurants, greengrocers and other neighbourhood businesses. 


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