Social economy

Canadians invited to provide feedback on the Canada Not-for-profit Corporations Act

Retrieved on: 
Friday, June 18, 2021
Articles, Organizations, Corporate law, Business law, Legal entities, Nonprofit organization, Social economy, Corporation, For-profit corporation

The pandemic has highlighted just how critical not-for-profit organizations' work is for Canadians, which makes this review of the Act timely and crucial.

Key Points: 
  • The pandemic has highlighted just how critical not-for-profit organizations' work is for Canadians, which makes this review of the Act timely and crucial.
  • "It's time to review the Canada Not-for-profit Corporations Act to make sure it continues to meet the needs of the sector.
  • I look forward to hearing from Canadians on whether and how the Act should be updated so not-for-profit organizations can flourish."
  • In total, there are approximately 170,000 not-for-profit corporations in Canada, of which approximately 20%over 38,000are regulated under the Canada Not-for-Profit Corporations Act.

Sharpe Group Continues to Define the Future of Planned Giving; Announces Eric Eilertsen as President

Retrieved on: 
Friday, June 18, 2021
Social economy, Articles, Television series, Eilertsen, Nonprofit organization, Sharpe, Television

Eilertsen will team with Chairman and CEO Jim Ross, building on decades of innovation, service and leadership to the nonprofit community.

Key Points: 
  • Eilertsen will team with Chairman and CEO Jim Ross, building on decades of innovation, service and leadership to the nonprofit community.
  • "Eric Eilertsen's talents, skill sets, knowledge and experience will continue to drive Sharpe Group forward, offering new technologies and data-driven expertise to our clients and nonprofit organizations," said Ross.
  • Since 1963, Sharpe Group has provided effective planned giving solutions to help clients maximize their gift-planning efforts.
  • "Naming Eric Eilertsen as president is the latest of many steps Sharpe Group has taken in recent years to enhance the services offered to charities and ultimately benefit the donors who support them.

Opportunity Finance Network Receives Largest Grant in 35-Year History from Wells Fargo

Retrieved on: 
Thursday, June 17, 2021
Other Consumer, Finance, Banking, Professional services, Small business, Philanthropy, Consumer, Other Philanthropy, Foundation, Financial District, San Francisco, Financial services, Economy, Finance, Community development, Opportunity finance, Social economy, Wells Fargo, Community development financial institution, Fargo, OFN, Wells Fargo, OFN, WELLS FARGO

Opportunity Finance Network (OFN) announced that Wells Fargo is committing a $25 million grant to its Finance Justice Fund to help tackle systemic barriers to capital in communities around the country.

Key Points: 
  • Opportunity Finance Network (OFN) announced that Wells Fargo is committing a $25 million grant to its Finance Justice Fund to help tackle systemic barriers to capital in communities around the country.
  • View the full release here: https://www.businesswire.com/news/home/20210617005775/en/
    Opportunity Finance Network receives largest grant in its history from Wells Fargo to support the Finance Justice Fund serving diverse communities.
  • Additionally, the Wells Fargo NEXT Awards for Opportunity Finance awarded the nations most promising CDFIs more than $76 million from 2007 to 2016.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

UNCLE Credit Union Names 2021-2022 Board of Directors and Officers

Retrieved on: 
Thursday, June 17, 2021
Community building, Cooperative banking, Credit union, Social economy

LIVERMORE, Calif., June 17, 2021 (GLOBE NEWSWIRE) -- UNCLE Credit Union, serving four California counties, re-elected Chung Bothwell as Board Chairman for the 2021-2022 term.

Key Points: 
  • LIVERMORE, Calif., June 17, 2021 (GLOBE NEWSWIRE) -- UNCLE Credit Union, serving four California counties, re-elected Chung Bothwell as Board Chairman for the 2021-2022 term.
  • Clay Smith stepped up as Board Secretary, succeeding Bob Corey who remains a member of the board.
  • Established in 1957, UNCLE Credit Union is a $600+million,full-service financial institution serving approximately 30,000 members.
  • UNCLE Credit Union is renowned for its community involvement, professional and personalized service, and unwavering commitment to helping members achieve their financial goals.

Splash Financial Raises More Than $40 Million in Series B Round

Retrieved on: 
Thursday, June 17, 2021
Finance, Splash, Economy, Credit, Loans, Financial technology, Social economy

CLEVELAND, June 17, 2021 /PRNewswire/ -- Splash Financial ("Splash"), a leading digital lending platform that helps borrowers easily shop and compare financial products from a Splash-powered network of lenders, today announced it has secured $44.3 million in a new Series B funding round.

Key Points: 
  • CLEVELAND, June 17, 2021 /PRNewswire/ -- Splash Financial ("Splash"), a leading digital lending platform that helps borrowers easily shop and compare financial products from a Splash-powered network of lenders, today announced it has secured $44.3 million in a new Series B funding round.
  • With this latest funding, Splash has secured more than $60M in equity funding since its founding.
  • This funding round brings us another step closer to realizing our company vision -- creating a faster and less expensive financial world."
  • Splash Financial is a leading digital lending platform that helps borrowers easily shop and compare financial products from a Splash-powered network of lenders.

WinTogether Kicks off its Clean Oceans Campaign, Launching New Global Partnerships and Platform

Retrieved on: 
Monday, June 14, 2021
Lotteries, Sweepstake, Micro-donation, Donation, Altruism, Social economy, Mixed economies

AUSTIN, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- WinTogether , a charitable sweepstakes platform powered by Lottery.com, today officially launched its Clean Oceans campaign .

Key Points: 
  • AUSTIN, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- WinTogether , a charitable sweepstakes platform powered by Lottery.com, today officially launched its Clean Oceans campaign .
  • The Clean Oceans charity sweepstakes offers weekly prizes to participants, including a $50,000 cash prize to the Grand Prize winner, sponsored by Lottery.com.
  • WinTogether has also partnered in this campaign with Dollar Donation Club, a monthly donation platform utilizing micro-donations to hyper-fund solutions to global challenges.
  • The teams at WinTogther and OVI are excited to announce the launch of the Clean Oceans campaign platform, commented Tony DiMatteo, CEO of WinTogether.

X Financial to Report First Quarter 2021 Financial Results on June 16, 2021

Retrieved on: 
Friday, June 11, 2021
Credit, Economy, Finance, Social economy, Weemba, Microfinance

X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Key Points: 
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.
  • With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate loans to prime borrowers under a robust risk assessment and control system.

GoTo Loans, a rising Canadian BNPL Fintech platform, establishes a funding relationship with the asset management division of one of Canada's largest insurance companies

Retrieved on: 
Thursday, June 10, 2021
Loans, Finance, Economy, Notary, Financial market, Financial services, Social economy, Credit

Echelon Capital Markets (a member of Echelon Wealth Partners Inc.) acted as exclusive financial advisor to GoTo Loans in the arrangement of the funding facility.

Key Points: 
  • Echelon Capital Markets (a member of Echelon Wealth Partners Inc.) acted as exclusive financial advisor to GoTo Loans in the arrangement of the funding facility.
  • This funding partnership allows GoTo Loans the ability to accelerate their lending capabilities and to continue funding the rapid growth seen in their innovative payment offering.
  • GoTo Loans' accelerated growth in 2020 received recognition in the FinTech industry from the Canadian Lenders Association (CLA), being named as a Canadian Auto Lending Platform of The Year.
  • Echelon Wealth Partners Inc. is a Canadian independent wealth management and capital markets firm known for its client-centred approach and innovative, entrepreneurial spirit.

WikiCharities Launches New Online Platform to Improve Nonprofit Collaboration and Help Victims Find Services

Retrieved on: 
Thursday, June 10, 2021
Nonprofit organization, Social economy, Articles, Organizations

PALO ALTO, Calif., June 10, 2021 /PRNewswire/ -- WikiCharities , an online platform transforming the nonprofit sector, today publicly launched free profile pages for any US-based nonprofit organization.

Key Points: 
  • PALO ALTO, Calif., June 10, 2021 /PRNewswire/ -- WikiCharities , an online platform transforming the nonprofit sector, today publicly launched free profile pages for any US-based nonprofit organization.
  • The WikiCharities site is designed to facilitate connections between nonprofits and help those in need to find services more quickly and effectively.
  • Founded in 2020 and headquartered in California, WikiCharities is a better way for nonprofits to connect, show their accountability, and increase collaboration to improve outcomes.
  • "At WikiCharities, our mission is to facilitate online collaboration in the nonprofit sector, as well as improve the ability for individuals and communities to find the services they need," said Dr. Angie Holzer, CEO and Founder of WikiCharities.

Bellwether Community Credit Union Welcomes Jessica Miele to the Business Services Team

Retrieved on: 
Wednesday, June 9, 2021
Financial services, Economy, Articles, Community building, Cooperative banking, Credit union, Social economy, Bank, Bellwether

MANCHESTER, N.H., June 9, 2021 /PRNewswire/ -- Bellwether Community Credit Union is pleased to announce that Jessica Miele has joined the organization as VP/Commercial Loan Officer.

Key Points: 
  • MANCHESTER, N.H., June 9, 2021 /PRNewswire/ -- Bellwether Community Credit Union is pleased to announce that Jessica Miele has joined the organization as VP/Commercial Loan Officer.
  • Miele brings more than 29 years of banking experience to the credit union.
  • Since 1921, Bellwether Community Credit Union has offered financial services to consumers residing or working in New Hampshire and Essex and Middlesex counties in Massachusetts.
  • For more information about Bellwether Community Credit Union, visit www.BCCU.org