Time for the building society sector to stand up and be counted

The Building Societies Association’s members include the Nationwide and Skipton building societies

Robin Fieth is a year into his role at the head of the Building Societies Association (BSA), and has looked at the changes needed in governance, financing and regulation. These, he said, would help the sector in its crucial role – to help creating a more diverse banking sector and enable more people to save […]

Read more...

Co-op Group sells distribution centre as rationalisation continues

Co-operative Estates has sold its Halesowen distribution centre to Dawn Meats

Co-operative Estates has completed the sale of the former Co-operative Food regional distribution centre at Halesowen to Dawn Meats. The Co-operative Group has replaced over 30 small depots with larger, modernised regional distribution centres and now has just one of the old depots left. The Amber Way property was constructed in the mid 1970s and extends […]

Read more...

Why Green isn’t only the colour of money

Ecology’s purpose-build eco-building in Silsden, West Yorkshire

Ecology Building Society has been conducting a campaign against the supermarket discounter, Aldi. On the last week of the campaign, Co-operative News visited their head office – a purpose built eco-building in West Yorkshire to find out more. The proposed site of Aldi’s new store, next to Ecology’s offices, was home to a 250-year-old tree. Ecology objected to […]

Read more...

Welsh Government commits to developing co-ops and mutuals

The Welsh government has committed to adopting recommendations to develop the co-op and mutual model

The Welsh government has committed to adopting the recommendations of a report on developing the co-operative and mutual business model in Wales, economy minister Edwina Hart has announced. The report by the Welsh Co-operative and Mutuals Commission sets out 25 recommendations on creating a culture and environment in which co-operative ways of doing business are […]

Read more...

Building society shows difference between members and customers

Member events included a harp performance at the Saxmundham branch

Ipswich Building Society has grown its mortgage, savings and membership base over the past five years. It boasts Net Promoter Scores of +65 and retention levels of 90%. But it has identified that 66% of its members feel more like a customer than a member. Michelle Monck, general manager, marketing, says Ipswich needs to tackle […]

Read more...

Ethical finance updates

Sunart Community Hydro

Latest community shares Sunart Community Hydro A 100kWh hydro-electricity scheme to generate income for the local community. Shares available: £850,000. Visit: www.microgenius.org.uk/project/sunart-community-hydro-24   The Low Carbon Hub  This community share raise will put local power in the hands of local people and bring renewable energy to 18 local schools and several businesses. Shares available: £1.5m Visit: […]

Read more...

What is ethical finance?

ethical finance tree pounds

What organisations do with their money is being increasingly caught on the public radar, bringing ethical issues to the forefront. From dodgy tax decisions to questionable investments, businesses are being highlighted more and more for what they do with their customers’ money. Ethics and values are at the core of co-operatives and mutuals, meaning they […]

Read more...

Celebrating 10 years of Media Co-op

Glasgow’s International Human Rights Film Festival held a Media Co-op retrospective featuring 20 films and clips from the last ten years

Glasgow-based Media Co-op creates digital media and films for the third sector – and it has just reached its 10th birthday. As part of the celebrations, Glasgow’s International Human Rights Film Festival, Document, held a retrospective for the co-operative, selecting 20 films and clips from the last ten years. The curated showcase, Courage, Condoms and Power, took […]

Read more...

Co-operative Party annual conference: the debates

Louise Baldock and Seema Malhotra during the debate on women and equalities (Image: Co-operative Party/Thomas Butler)

A key part of the 2014 Co-operative Party annual conference was the culmination of the Party’s policy development process, which is in its second year. The purpose of this process is to give all members the opportunity to input ideas and discuss the policies that will form the basis of the Party’s 2015 election manifesto. […]

Read more...

The name of a bank: ethics, the law and consumer protection

cooperative-bank-sign

The use of ‘Co-operative’ in the name of a bank 70% owned by stock market investors and 30% by the Co-operative Group may be legally questionable as well as unethical, but it seems unlikely that effective steps to force a change of name will take place. This area of our law needs reform to protect […]

Read more...