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Springfield Leader in Springfield, Manitoba

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Springfield Leader

Location

Springfield, Manitoba, Canada

Date

Oct 27, 1959

Page

9

The Story of Co op Trust Company Limited Overview

The Co operative Trust Company Limited formed by CGO operatives and provincial credit unions, with assets near two million dollars by year end. It acts as executor and trustee, makes long term mortgage loans to credit union members, provides safe investment options, handles debentures, administers sinking funds, and runs Service Agencies Limited offering insurance. Mortgage loans require credit unions to invest at least 10 percent of the approved loan, a key aim to streamline borrower access and reduce costs. By 1958 it had 145 members: 116 credit unions, 21 local co-operatives, eight provincial.

Co-operative Trust Company Limited Cgo-Operatives Proviner Ppecal Egret An Joana

Co operative Life Insurance Company overview

Breen Melvin, secretary, outlines Co operative Life Insurance Company history and operations in nine of ten provinces since 1947. Policy owners control annual meetings. advisory committees link membership. Insurance in force 1959 reached 140.37 million with 7.435 million invested assets. Branches listed. objectives include service at cost and democratic welfare. Saskatchewan government appoints Cooperative Trust Company to administer Family Farm Credit Act, with seven staff including first full-time solicitor. Loaning remains main activity. estate work to grow.

Government of Saskatchewan Co-operative Trust Company Limited Co-operative Movement Trust Company

Federated Co operatives and Co operative Development in Sask and Man

A historical overview recounts the rise of co operatives in Saskatchewan and Manitoba from 1901 meetings on Indian Head to the formation of Grain Growers and subsequent mergers. It notes the 1935 refinery opening, 1944 and 1954 mergers, and Federated Co operatives’ growth to serving about 450 local co ops with projected 1959–60 volumes and planned expansions in feed mills, warehouses, refineries, and retail facilities.

Dewdney Avenue Indian Head Territorial Grain Growers of Western Canada Co-Operative Movement Prairies Grain Growers Grain Company Saskatchewan Manitoba Consumers’ Co-operative Refineries Limited Saskatchewan Co-operative Wholesale Society Limited Federated Co-operatives Federated Canoe and Chase British Columbia Drumheller Alberta Saskatoon Regina Winnipeg FCL

R Phillips Named Public Relations Co-ordinator

Roger F. Phillips aged 33 of Prince Albert was appointed Co-ordinator of Public Relations Federations in Saskatchewan by William Hamilton Executive Secretary of the Cooperative Union of Saskatchewan. The appointment takes effect October 15 and the role includes planning developing and coordinating a cooperative educational program and evaluating field outreach. Phillips has led the Prince Albert travel and information department for nine years and worked on publicity and northern development projects following studies in economics and social sciences at the University of Saskatchewan.

Roger F. Phillips Prince Albert Saskatchewan Wm. Hamilton Co-operative Union of Saskatchewan Phillips Tangleflags Sask Toronto Regina College University of Saskatchewan Department of Travel and Information

Co operative Fire and Casualty Company Develops Co op Roots

The Co operative Fire and Casualty Company, incorporated in June 1952, grew with support from co operatives and credit unions across Canada. In eight months of 1959 premium income reached 2.71 million dollars, up 80 percent from 1958, with offices in Moncton Winnipeg Edmonton Calgary and Vancouver. The mutual company operates on one member one vote, offers auto fire personal property liability theft and fidelity insurance, and pursues cooperative sector development through cost based pricing and cooperative securities investments.

Co-operative Fire and Casualty Company Cooperative Union of Canada Moncton Winnipeg Edmnton Calgary Vancouver Co-operative Fire and Casualty

Also Mentioned on This Page

Co-op Trust Treremaed MH. A. Wagner Co-operative Life Insurance Company Breen Melvin Edmonton Ottawa Halifax Co-op Life Saskatchewan Power Corporation Saskatchewan Wheat Pool Federated Co-operatives and Consumer Co-operative Development Man H. L. Fowler Federated Co-ops Ltd R. Phillips Ve Securities Fleischmann Fetsemaiyy Tasy Arborite THE Arborite Company Limited Montreal Lethbridge Building Supplies Co Lethbridge, Alta Benedict Lumber Sales Lucky Lake, Sask Sherwood Co-op Lumber Beaver Lumber Monarch Lumber
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