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Unit #4 The Co-operative System

Unit #4 The Co-operative System . An Integrated Co-op Network. First Tier: local co-operatives in the community that provide services for their members e.g. Petty Harbour Fishermen’s Co-op North Shore Central Ambulance Co-op Terrington Consumer’s Co-op Eagle River Credit Union

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Unit #4 The Co-operative System

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  1. Unit #4The Co-operative System

  2. An Integrated Co-op Network • First Tier: local co-operatives in the community that provide services for their members e.g. • Petty Harbour Fishermen’s Co-op • North Shore Central Ambulance Co-op • Terrington Consumer’s Co-op • Eagle River Credit Union • Second Tier: centrals formed by at the provincial or regional level to represent first tier co-ops & provide them with other services • NL Federation of Co-ops (NLFC) • Co-operative Housing Association of NL (CHANAL) • Co-op Atlantic (CA)

  3. An Integrated Co-op Network • Third Tier: national co-op organizations that represent second tier co-ops and provide a range of other support services e.g. • Canadian Co-op Association • The Co-operators Group Ltd. • Worker Co-operative Federation of Canada • Fourth Tier: international co-op agencies, made up of national centrals, which promote co-operatives on a global level e.g. • International co-operative alliance • World Council of Credit Unions

  4. Canadian Co-operative System(Co-op Sector) • Co-op Sector • Over 10,000 co-ops & over 10 million members • Three of every 10 Canadians are members of a co-op • Over $160 billion in assets & employ over 160,000 people • Over 250,000 producers rely on co-ops for their livelihood • Financial/Credit Union sector • Over 1600 credits unions and caisse populaires • 10 million members at over 3400 locations • Over $170 billion in assets and employ over 60,000 • Only financial institutions in over 900 communities across Canada

  5. Provincial Co-op Sector Overview Provincial Statistics • Over 90 co-ops and credit unions • Employing 1,400 people • 57,000 members with sales in excess of $700 million Types of Co-ops • Consumer (Clarenville Consumers Co-op) • Fisheries (Torngat Fisheries Co-op) • Agriculture ( Eastern Farmer’s Co-op) • Cultural industry (Nfld. Independent Filmmakers Co-op) • Health services (North Shore Central Ambulance Co-op) • Community development (Advocate Youth services co-op) • Child care (Confederation Daycare Co-op) • Housing (Kilbride Housing Co-op)

  6. Intra-Provincial Co-ops • Co-op Atlantic • Retail & agricultural co-op services • Gander warehouse • Co-operator’s Group Ltd • Insurance & investment services • Others • True Serve Hardware Co-op • Country Ribbon Chicken • Central/Farmer’s Dairy Co-ops • Mountain Equipment Co-op

  7. Unit #5 - Introduction Developing a Co-operative • Overview of the incorporation process • Requirements for success • Understanding the development process • Steps involved in the development of a co-operative project • Where to obtain financial assistance & advice

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