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APRIL 2018

The April 2018 edition of Co-op News: connecting, challenging and championing the global co-operative movement. This issue, in the lead up to Co-operative Education Conference, we look at how co-ops are putting principle 5 into action in the 21st century. We also celebrate 150 years of the East of England Co-op and present updates from the Co-op Retail and Abcul conferences.

The April 2018 edition of Co-op News: connecting, challenging and championing the global co-operative movement. This issue, in the lead up to Co-operative Education Conference, we look at how co-ops are putting principle 5 into action in the 21st century. We also celebrate 150 years of the East of England Co-op and present updates from the Co-op Retail and Abcul conferences.

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Lincolnshire Co-op launches Prostate Cancer UK fundraiser<br />

CREDIT UNIONS<br />

Michael Sheen launches<br />

alliance to promote<br />

affordable lending<br />

Actor Michael Sheen has launched a<br />

campaign against high-cost lenders<br />

in the UK, aiming to promote “fair,<br />

affordable” credit.<br />

The actor and activist, a keen supporter<br />

of co-ops and credit unions, wants to bring<br />

together politicians, charities and tech<br />

companies to tackle the UK’s debt problem.<br />

He defines fair finance as that which does<br />

not target consumers with a product they<br />

cannot afford.<br />

The End High Cost Credit Alliance will<br />

focus on backing providers of affordable<br />

finance with funds, investments and<br />

expertise, while calling for regulatory<br />

changes, developing plans to ensure<br />

financial education is embedded in schools<br />

and engaging the public in debates around<br />

the issue of fair finance.<br />

While membership of the Alliance is<br />

free, those joining commit to collectively<br />

working towards its goal. Mr Sheen, who is<br />

putting his Hollywood career on hold for his<br />

campaigning, will fund its administration<br />

and some of its investigative work and act<br />

as lead representative for press, campaigns<br />

and public engagement.<br />

The group will be chaired by Shirley<br />

Cramer, chief executive of the Royal Society<br />

for Public Health.<br />

The news was welcomed by the<br />

Association of British Credit Unions (Abcul).<br />

“Michael has been a great supporter and<br />

advocate of credit unions” said Abcul’s<br />

Matt Bland. “We look forward to working<br />

with the End High Cost Credit Alliance.”<br />

And James Wright, head of policy at<br />

Co-operatives UK, said: “We’re excited<br />

to hear about Michael Sheen’s campaign<br />

and look forward to seeing co-operative<br />

solutions as one of the avenues explored.”<br />

Southern Co-op gives funds to Wildlife Trust projects<br />

Co-operative Credit Union honours credit union volunteer<br />

Larne Credit Union donates £12,000<br />

Lincolnshire Co-op is intensifying<br />

fundraising through its Community<br />

Champions scheme to help men’s health<br />

charity Prostate Cancer UK. Between<br />

March and June <strong>2018</strong>, the society will<br />

make a donation each time a member<br />

shops in a Lincolnshire Co-op outlet. The<br />

co-op will also be selling official Prostate<br />

Cancer UK pin badges in store.<br />

Southern Co-op has donated £18,000<br />

to the Wildlife Trust, to help<br />

the charity help local people to enjoy<br />

and benefit from nature on their<br />

doorstep. This includes creating<br />

a natural wellbeing programme<br />

for companies wanting to<br />

help their employees, and developing<br />

outdoors birthday parties for children<br />

and their families.<br />

As it celebrated its 20th anniversary, the<br />

Co-operative Credit Union recognised a<br />

credit union pioneer for his contributions.<br />

The annual Graham Southall Award<br />

honours for passionate support and<br />

volunteering for the credit union. This<br />

year’s winner, Charles Sim, collected<br />

the award at the organisation’s AGM in<br />

Manchester on 21 February.<br />

The Irish League of Credit Unions<br />

International Development Foundation<br />

has received new funding to support<br />

credit unions in developing countries.<br />

A charitable organisation, the league is<br />

owned and funded by contributions from<br />

credit unions across the island of Ireland.<br />

Larne Credit Union has donated £12,020.<br />

Top marks for corporate responsibility at Central England<br />

Central England Co-operative won<br />

five stars out of five in Business in<br />

the Community’s <strong>2018</strong> Corporate<br />

Responsibility Index. In just two years the<br />

dedication of colleagues across the society<br />

has helped the rating lift from 2.5 stars to<br />

five. Its overall score of 99% has jumped<br />

from 87% in 2016 and 98% last year.<br />

<strong>APRIL</strong> <strong>2018</strong> | 11

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