Federated Co-operatives Limited announces contribution of $1 million to the Thundering Ahead Capital Campaign

Federated Co-operatives Limited announces contribution of $1 million to the Thundering Ahead Capital Campaign

 

Saskatoon, SK, 2017-Feb-25 — /EPR Retail News/ — Wanuskewin Heritage Park’s recently announced $40-million Thundering Ahead Capital Campaign received its first major donation today (FEBRUARY 23, 2017).

Federated Co-operatives Limited (FCL) is making a $1 million commitment to the campaign.

“Federated Co-operatives Limited is pleased to announce a contribution of $1 million to the Thundering Ahead Capital Campaign on behalf of the Co-operative Retailing System,” said FCL CEO Scott Banda. “This renewal represents an opportunity to engage in meaningful reconciliation. Our Co-op’s home is Western Canada and we are honoured to be part of ensuring that the epic story of Wanuskewin is told and experienced for generations.”

The donation will support Wanuskewin’s bold renewal vision, which includes a new exhibit at the park to be called Wanuskewin: A Gathering Place presented by Federated Co-operatives Limited on behalf of Western Canada’s Co-operative Retailing System (CRS). The interactive exhibit will blend personal stories and Wanuskewin’s significance to culture, education and science. It will also provide breathtaking images of running bison and learning on their connection to Indigenous culture, history and ecology.

“Wanuskewin Heritage Park is thrilled that Federated Co-operatives Limited has come on board in such a tangible way,” said Candace Wasacase-Lafferty, Chair of Wanuskewin’s Board of Directors. “We are so grateful for the commitment of Federated Co-operatives Limited to Wanuskewin and our shared future.”

Plans are underway to apply for UNESCO World Heritage designation, introduce exhibit galleries and improve educational offerings, expand the current facility to accommodate larger conferences and meeting groups, renovate the nearly 25-year-old interpretive centre, preserve ecology and biodiversity on the site, and expand the land base to accommodate a small herd of Plains bison.

“Education is important to us, and important to Federated Co-operatives Limited,” said Tribal Chief Felix Thomas, co-chair of the Thundering Ahead Campaign and Tribal Chief of the Saskatoon Tribal Council. “In addition to engaging his team in this project, Scott has been a contributing member to our volunteer team, and a pleasure to work with.”

On Feb. 9, Wanuskewin launched plans for a $40-million capital campaign to fund a bold renewal based on four pillars:

  1. To elevate Wanuskewin from the longest-running archaeological project in Canada to an international centre for excellence in education, preservation and interpretation of Indigenous art and culture.
  2. To aspire to world heritage designation through UNESCO, building on Wanuskewin’s existing status as a National Historic Site.
  3. To preserve the ecological island that is Opimihaw Valley and protect the unique ecology and biodiversity of the land as Wanuskewin transitions into an iconic urban park.
  4. To return the majestic bison to Wanuskewin’s plains.

Contact:
PHONE: 306.244.3311
FAX: 306.244.3403
GENERAL INQUIRIES: inquiries@fcl.ca
GENERAL CAREER INQUIRIES: careers@fcl.ca

Source: FCL

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FCL ranked first in SaskBusiness’ Top 100 largest companies in Saskatchewan for the fourth consecutive year

Saskatoon, SK, 2016-Sep-15 — /EPR Retail News/ — For the fourth year in a row, Federated Co-operatives Limited (FCL) has placed first in SaskBusiness Magazine’s list of the Top 100 largest companies in Saskatchewan.

In 2015, FCL recorded revenue of $9.1 billion with net earnings of $539 million. Of that, $375 million was returned to the 200 local retail co-ops across Western Canada that are member-owners of FCL.

“While we have been impacted by the economic challenges in Western Canada, particularly in the energy sector, we have diverse businesses in a wide geographical area and that has helped us stay competitive. Co-op members are resilient and loyal and that stability allows us to bring a long-term approach to planning and creating sustainable growth,” said FCL CEO Scott Banda.

“Through these conditions, local retail co-ops in Saskatchewan and across Western Canada continue to serve communities big and small, while making new investments that strengthen our provinces.”

FCL is joined on this year’s Top 100 list by 19 retail co-operatives in Saskatchewan. Together, the retail co-ops included in the SaskBusiness list recorded combined sales of nearly $2.3 billion in 2015. A full list of these retail co-ops is shared below.

Economic impact

The number of co-ops on the Top 100 list highlights the substantial impact that the Co-operative Retailing System (CRS) — comprised of local retail co-ops and FCL — has in Saskatchewan. Retail co-ops have returned almost $355 million to their members in Saskatchewan over the last five years, which is reinvested by these members in their communities. A total of $1.3 billion was returned by western Canadian co-ops to their members over the past five years.

Investments in Saskatchewan

FCL, on behalf of retail co-ops, has also made major investments in Saskatchewan and Western Canada over the last year, including:

  • Wastewater Improvement Project (WIP) — The Co-op Refinery Complex (CRC), a subsidiary of FCL, commissioned a $200-million environmental mega-project that allows it to clean and recycle all of its wastewater.
  • New fertilizer terminals — FCL invested $75 million to construct two new high-throughput fertilizer terminals in Western Canada, including one in Hanley, Sask., and another in Brandon, Man. Both facilities are expected to be fully operational in early 2017.
  • Co-operatives First — FCL committed $5 million over five years to support Co-operatives First, a new non-profit organization that is helping to inspire the next wave of co-operative development in rural and First Nation communities.
  • Co-op Community Spaces — A total of $1.5 million from the Co-op Community Spaces program was invested in 21 recreation, conservation and urban agriculture projects in Western Canada.

Across the West, FCL and retail co-ops have reinvested $4.7 billion in their communities through capital investments since 2011.

Co-ops in the Top 100

Ranking Wholesale/Retail Co-operative Location
1 Federated Co-operatives Limited Saskatoon
19 Saskatoon Co-operative Retailing
Association Ltd.
Saskatoon
29 Pioneer Co-operative Association Ltd. Swift Current
31 Prince Albert Co-operative Association Ltd. Prince Albert
35 Sherwood Co-operative Association Ltd. Regina
48 Lloydminster and District Co-operative Association Ltd. Lloydminster
55 Discovery Co-operative Association Ltd. North Battleford
65 Yorkton Co-operative Association Ltd. Yorkton
72 Moose Jaw Co-operative Association Ltd. Moose Jaw
74 Prairie Co-operative Association Ltd. Melville
76 Prairie Sky Co-operative Association Ltd. Weyburn
79 Meadow Lake Co-operative Association Ltd. Meadow Lake
81 Pineland Co-operative Association Ltd. Nipawin
83 Prairie North Co-operative Association Ltd. Melfort
88 Southern Plains Co-operative Association Ltd. Estevan
89 Delta Co-operative Association Ltd. Unity
90 Central Plains Co-operative Association Ltd. Rosetown
92 Kindersley and District Co-operative
Association Ltd.
Kindersley
98 Borderland Co-operative Association Ltd. Moosomin
99 Southland Co-operative Association Ltd. Assiniboia

Contact:
PHONE: 306.244.3311
FAX: 306.244.3403
GENERAL INQUIRIES: inquiries@fcl.ca
GENERAL CAREER INQUIRIES: careers@fcl.ca

Source: Coop

Federated Co-operatives Limited’s (FCL) 87th Annual Meeting: FCL recorded increased sales across most business units in FY ending Oct. 31, 2015

Saskatoon, Canada, 2016-Mar-03 — /EPR Retail News/ — Rising sales volumes are signs of a diverse and healthy Co-operative Retailing System (CRS), CEO Scott Banda told Federated Co-operatives Limited’s (FCL) 87th Annual Meeting in Saskatoon.

More than 300 delegates, representing over 200 independent retail co-operatives that form the CRS in Western Canada, were in attendance for the keynote address Feb. 29.

“We are faced with the challenges of changing market conditions and volatile commodity prices, particularly in the petroleum sector,” said Banda. “We will continue to invest in Western Canada to help diversify local co-ops’ sustainable opportunities. Our co-operative ownership model ensures that we remain connected to local communities and our work is to maintain and grow Co-op’s relevance in Western Canada.”

For the fiscal year ending Oct. 31, 2015, FCL recorded increased sales across most business units. This growth, however, was offset by decreased revenues at the Co-op Refinery Complex in Regina, Sask. FCL recorded revenue of $9.1 billion, down 16 per cent from the year before. Net earnings for the year totaled $539 million. Of that, $375 million is being returned to local retail co-operatives through a patronage allocation.

Over the past 10 years, FCL has provided more than $4.5 billion in patronage returns to CRS members. This money is reinvested by local co-ops into their operations and local communities, where they serve more than 1.8 million active Co-op members and many more customers.

FCL is supporting community development across Western Canada with multimillion-dollar commitments to two initiatives:

  • Up to $1.5 million is available to community organizations through Co-op Community Spaces. Last year, the program funded 16 recreation, urban agriculture and conservation projects in Western Canada.
  • A five-year, $5 million commitment for Co-operatives First, a new non-profit organization that will support the development of new co-operatives in rural and aboriginal communities.

More information on these programs, as well as FCL’s 2015 Annual Report and Consolidated Financial Statements, are available at www.coopconnection.ca.
SOURCE: Federated Co-operatives Limited

 

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FCL CEO Scott Banda speaks to delegates at the organization's 87th Annual Meeting in Saskatoon Feb. 29.

FCL CEO Scott Banda speaks to delegates at the organization’s 87th Annual Meeting in Saskatoon Feb. 29.

Co-operative Retailing System to provide start-up funding for non-profit organization Co-operatives First

Saskatoon, CANADA, 2016-Feb-01 — /EPR Retail News/ — A five-year, $5 million commitment from the Co-operative Retailing System (CRS) will provide critical start-up funding for Co-operatives First, an organization that will facilitate a new wave of co-operative development in Western Canada.

As a non-profit, the newly formed Co-operatives First will work with small- to mid-size rural communities and municipalities, as well as with aboriginal communities, to identify innovative, community-led solutions to modern challenges and opportunities facing these communities.

“Co-operatives played a vital role in building Western Canada and they remain fixtures in communities across our country,” said Federated Co-operatives Limited (FCL) CEO Scott Banda, who presented the donation on behalf of the CRS, which is comprised of FCL and more than 200 independent retail co-operatives across Western Canada.

“The co-operative model continues to foster business, economic and social development across Western Canada,” added Banda. “These sustainable solutions and community services often succeed in circumstances that challenge other businesses and organizations. By promoting the co-operative model of shared ownership and shared rewards, Co-operatives First will help people in those communities identify local solutions and leverage local opportunities that empower people and create meaningful change.”

A portion of the $5 million in start-up funding will be used for resources to offset some of the costs associated with starting a co-operative. Those funds will help new organizations attain the legal and professional services required to form a new co-operative, as well as develop communications and business plans and conduct feasibility studies.

Addressing a need

Co-operatives First is one outcome of the Co-operative Innovation Project (CIP), a two-year, FCL-funded pilot project at the University of Saskatchewan’s Centre for the Study of Co-operatives. As part of the project, researchers conducted telephone and web surveys and held meetings to gauge the public’s understanding of co-operatives. In total, the researchers contacted 649 communities, representing 37 per cent of rural and aboriginal communities in Manitoba, Saskatchewan, Alberta and British Columbia.

The CIP found rural and aboriginal communities are receptive to locally driven solutions, but needed assistance getting started. The project determined more co-operatives would be formed if individuals and groups received greater support.

“Co-operatives First will work with local leaders to identify opportunities where the co-op model could be applied to address unmet needs within their community,” said Murray Fulton, Chair in Co-operative Governance and a professor at the Johnson Shoyama Graduate School of Public Policy at the University of Saskatchewan. “By engaging with communities and potential co-ops in early stages, Co-operatives First will inspire the creation of new organizations, complementing the work provincial co-operative associations are already doing.”

Getting to work

Once its executive director and staff are in place later this year, Co-operatives First will begin hosting Community Inspire meetings with community leaders across Western Canada to identify potential opportunities for development and collaboration. The organization is planning to host nine such meetings in 2016. By 2020, the group plans to have held no fewer than 125 Community Inspire events in rural communities and 40 in aboriginal communities.

SOURCE: Federated Co-operatives Limited

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FCL CEO Scott Banda announces a $5 million commitment supporting Co-operatives First.

FCL CEO Scott Banda announces a $5 million commitment supporting Co-operatives First.

Federated Co-operatives Limited retained its spot at the top of SaskBusiness Magazine’s 2015 Top 100 list

Saskatoon, Canada, 2015-9-15 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) has retained its spot at the top of SaskBusiness Magazine’s 2015 list of the Top 100 largest companies in Saskatchewan.

It’s the third year in a row that FCL has placed first in the rankings. In 2014, FCL revenue rose 15 per cent to a record $10.8 billion. Net earnings from operations totalled $656 million. Of that, $451 million was returned to local retail co-ops in patronage allocations.

“This year has not been without its challenges, yet FCL and the Co-operative Retailing System (CRS) continue to build for the long-term,” said FCL CEO Scott Banda. “Our performance is driven by the partnership with our member owners, those local co-ops that, along with FCL, make up the CRS. Our Federation is part of what makes us unique — a partnership based on co-operation, a commitment to the communities we serve and shared profits.”

FCL is joined on this year’s list by 19 retail co-operatives. Together, the retail co-ops included in theSaskBusiness list recorded combined sales of more than $2.3 billion in 2014.

FCL is a Saskatoon-based company owned by 210 retail co-operatives that span Western Canada, employing more than 3,300 people. FCL has two wholly owned subsidiaries — the Co-op Refinery Complex in Regina, Sask., and The Grocery People in Edmonton, Alta.

Ranking Wholesale/Retail Co-operative Location
1 Federated Co-operatives Limited Saskatoon
22 Saskatoon Co-operative Association Saskatoon
31 Pioneer Co-operative Association Swift Current
35 Sherwood Co-operative Association Regina
36 Prince Albert Co-operative Association Prince Albert
48 Lloydminster & District Co-operative Association Lloydminster
61 Discovery Co-operative Association North Battleford
63 Yorkton Co-operative Association Yorkton
70 Prairie Sky Co-operative Association Weyburn
71 Moose Jaw Co-operative Association Moose Jaw
81 Southern Plains Co-operative Association Estevan
82 Prairie North Co-operative Association Melfort
84 Kindersley & District Co-operative Association Kindersley
85 Pineland Co-operative Association Nipawin
86 Delta Co-operative Association Unity
90 Meadow Lake Co-operative Association Meadow Lake
92 Central Plains Co-operative Association Rosetown
98 Borderland Co-operative Association Moosomin
99 Southland Co-operative Association Assiniboia
100 Prairie Co-operative Association Melville

Co-op contributes $200,000 to the wildfire relief efforts in Saskatchewan and volunteers to help at evacuee centres

Co-op is stepping up its contributions to the wildfire relief efforts in Saskatchewan.

Saskatchewan, CANADA, 2015-7-17 — /EPR Retail News/ — Adding to the $200,000 it has already committed this year to the Canadian Red Cross to provide training and purchase supplies to prepare for emergencies, and the efforts by individual local co-op associations, Federated Co-operatives Limited (FCL) is volunteering employees to help at evacuee centres in Saskatoon.

“It’s in times like this where we see the spirit of community, people coming together to protect and preserve their livelihoods,” said FCL CEO Scott Banda. “Co-op is part of these communities. We’re doing what we can – whether providing supplies or volunteers – to help our neighbours who are waiting to return home.”

FCL employees are going to help Red Cross with a variety of tasks at the Henk Ruys Soccer Centre and SaskTel Soccer Centre. These volunteers will work in four-hour shifts to stock supplies, hand out personal services items, help with recreational activities, load and unload trucks and perform general clean-up.

FCL, on behalf of the Co-operative Retailing System (CRS), made a five-year, $1 million commitment to the Canadian Red Cross in 2013. The donation enhances community-based emergency responses throughout Western Canada.

Local Co-ops making local contributions to relief efforts

On a practical level, local Co-ops close to the wildfires are contributing heavily to relief efforts. Prince Albert Co-op has donated bottled water, diapers and other supplies for the Red Cross to provide to displaced residents at its Prince Albert centre. Dean McKim, Prince Albert Co-op’s general manager, has pitched in by personally delivering water and other supplies to the local evacuee centre. Meanwhile, the Co-op Food Store in La Ronge continues to assist military and firefighting crews with fuel and supplies, with the store’s manager Margaret Floch camping in the store parking lot to serve these crews.

Saskatoon Co-op has supplied thousands in gift cards to evacuees and continues to provide supplies to Red Cross centres in that city, while Sherwood Co-op in Regina will be donating $7,500 to the Red Cross to assist in preparing for future emergencies. This is matched by FCL as part of its five-year commitment.

Co-op’s relief efforts have been used during flooding in eastern Saskatchewan and western Manitoba last year, as well as flooding in southern Alberta in 2013.

Tom Kishchuk joins Federated Co-operatives Limited as Vice-President Operational Support

Saskatoon, Canada, 2015-7-16 — /EPR Retail News/ — Chief Executive Officer Scott Banda is pleased to announce that effective Aug. 4, 2015, Tom Kishchuk will be joining Federated Co-operatives Limited as Vice-President Operational Support.

Tom most recently was the President and Chief Executive Officer of Mitsubishi Hitachi Power Systems Canada, Ltd., located in Saskatoon, where he also served as the General Manager of Operations, After Sales Service Division Manager and Quality Assurance Manager.

Tom earned his Bachelor of Science, Mechanical Engineering and his Master of Science, Mechanical Engineering at the University of Saskatchewan and is a Registered Professional Engineer.

He brings with him provincial, national and international leadership and experience. He is used to working in complex and dynamic cultures and business environments. Tom has a solid understanding of how to align diverse groups with organizational direction and has experience in business growth and innovation.

Tom is a strong advocate of workplace safety and has spoken widely about the critical success factors for improving and sustaining a culture of safety in the workplace.

Tom is currently a Director of the Saskatchewan Health Quality Council, the Sylvia Fedoruk Canadian Centre for Nuclear Innovation, the Canadian Manufacturers and Exporters, and the Saskatoon Community Foundation. He is also the Chair of the Saskatchewan Manufacturing Council of the Canadian Manufacturers and Exporters.

Tom is very active in the community and at the 2015 SABEX Awards was the recipient of the Community Leadership Award.

Tom and his wife Joanne have three children: Oksana, Lars and Evan.

Please join Scott in welcoming Tom to Federated Co-operatives Limited and his new role as Vice-President Operational Support, where he will lead the Warehouse and Logistics, Retail Facilities and Petroleum Facilities Departments.

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Tom Kishchuk joins Federated Co-operatives Limited as Vice-President Operational Support

Tom Kishchuk joins Federated Co-operatives Limited as Vice-President Operational Support

Federated Co-operatives Limited’s record 2014 revenue ranked it #43 on Financial Post Magazine’s rankings of the 500 largest companies in Canada

Saskatoon, Canada, 2015-7-3 — /EPR Retail News/ — Federated Co-operatives Limited’s (FCL) record revenue in 2014 has placed it in the top 50 of the Financial Post Magazine’s rankings of the 500 largest companies in Canada for the third year in a row.

Based on 2014 financial results, FCL earned $10.8 billion in revenue, an increase of 15 per cent from 2013. This places it 43rd on the magazine’s rankings, up two spots from last year. FCL ranks 27th for its return on assets (9.9 per cent).

“Our success is based upon working together with our member retail co-ops,” said FCL CEO Scott Banda. “Through these relationships and forward-thinking strategies, we’re providing long-term sustainable value for our members.”

FCL experienced growth in all strategic business sectors – energy, food, home and building supplies, and agro. This growth was aided by the acquisition of operational assets from Viterra in late 2013 and Sobeys in February 2014, which were subsequently transferred to individual retail co-operatives.

In 2014, FCL completed major capital projects, such as the Carseland petroleum terminal near Calgary, which will contribute to the continued growth and efficiencies of the Co-operative Retailing System (CRS). FCL also continues to support CRS members during their renovation and new construction projects.

Over the past 10 years, FCL has provided patronage allocations worth $4.4 billion to its members. The money is reinvested by local co-ops into their operations to address the needs of 1.6 million active Co-op members and many other customers in 500 communities throughout Western Canada.

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Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon

Saskatoon, Canada, 2014-10-27— /EPR Retail News/ — Federated Co-operatives Limited (FCL) has purchased the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon. The acquisition accommodates increasing talent growth and eases office space demands experienced at its current Home Office located just a half block north on 22nd Street East.

FCL is a unique multi-billion dollar wholesaling, manufacturing, marketing and administrative co-operative that is owned by 220 autonomous retail co-operatives in Western Canada. It is the largest company in Saskatchewan and the 45th largest in Canada, with sales of $9.4 billion in 2013.

“Federated Co-operatives Limited is proud to operate from our home location in Saskatoon, creating good jobs and making sustainable investments for Saskatoon, Saskatchewan and all of Western Canada,” says FCL CEO Scott Banda.

“Good things are happening every day in our organization as we continue growing and evolving to serve our retail co-ops, customers and communities better. Purchasing a second Home Office building is a testament to the enduring strength of the co-operative business model, the success of retail co-operatives and the support from the 1.6 million members and customers who shop co-op. Together we continue growing the economy here at home, something we have been doing for 86 years.”

Saskatoon footprint grows

FCL employs almost 900 people at its Saskatoon-based operations with an annual payroll of $60 million. Almost 600 work out of the company’s current nine-storey Home Office building located at 22nd Street East. It has about 95,000 square feet of office space and opened in 1969. Five years ago, 463 people worked at this location.

The newly-purchased building is a seven-storey building with approximately 84,000 square feet of office space. Approximately 40 employees recently relocated there, occupying a half floor. They will be joined by additional colleagues in the coming year as another floor is renovated. The remaining office space is leased to other tenants with varying terms and renewals. The new acquisition increases FCL’s ownership of total available downtown office space to just over eight per cent.

Overall, FCL owns 1.66 million square feet of land in and around Saskatoon – that’s equivalent to 19 football fields. It pays almost $1.3 million in property taxes. FCL’s largest local property is its food distribution warehouse on 740,500 square feet of land in Saskatoon’s north industrial area. FCL also owns a large bulk fuel, cardlock and propane facility complex, occupying 275,000 square feet at the BizHub site in the RM of Corman Park, and the 250,000 square feet feed plant on Jessop Avenue.

FCL in Western Canada

In addition to its Saskatoon-based operations, FCL employs another 2,400 people across Western Canada at five regional offices, various warehouse distribution centres, corporate bulk fuel/propane locations, feed mills and at its wholly-owned subsidiaries the Co-op Refinery Complex in Regina and The Grocery People in Edmonton.

Over the past 10 years, FCL has provided a patronage allocation of $4.1 billion to the retail co-operatives that own FCL; those retail co-ops in turn reinvest in their local communities through investment in new facilities and through returns to their individual members in the form of cash back and equity. In addition, FCL donates millions of dollars annually to charities and non-profit organizations that enhance the lives of individuals and communities across Western Canada.

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Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon

Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon