The Co-Operative Union of Ontario

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The Co-Operative Union of Ontario

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        The Co-operative Union of Ontario (CUO), known as the Ontario Co-Operative Development Association after August 17, 1967, was founded in 1945 under the name Ontario Co-operative Union. It was created for the purpose of defending the legislative and tax rights of co-operatives, in response to the Government’s taxation of both them and credit unions.

        In 1946, the Co-operative Union of Ontario and the Ontario Credit Union League established Co-operators Fidelity and Guarantee Association to provide bonding and livestock transit insurance to its members. The Ontario Federation of Agriculture became the third sponsor a year later. The new company struggled for the first few years until 1950, when it was reorganized as a joint stock company, Co-operators Insurance Association (CIA).

        Co-operators Life Insurance Association, was incorporated in 1959 to do business in Ontario. CIA and Co-operators Life Insurance Association were collectively known as the Co-operators Insurance Associations of Guelph (CIAG). The Saskatchewan and Ontario insurance operations amalgamated to form Co-operators in 1978.

        [From https://www.cooperators.ca/en/about-us/a-true-canadian-champion/the-story-of-the-co-operators-and-co-operative-insurance-in-canada].

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