

Non-profit community financial institutions are credit unions. They’re generally disappearing though, in many segments, especially as regulators force organisations to merge for ‘scale’ to pretend like they need to compete on scale with big banks.
Loans can have cosigners. There’s generally a limit on that based on logistics. Theoretically you could incorporate a business, and take out business loans, with convoluted payment schemes like you’ve indicated for users of that business, but such things are generally not approved by FIs due to the high risk of default on such things. Crowdsourced projects already have a very “I sent the money, maybe one day they’ll deliver star citizen” type feel to them. Imagine trying to balance that risk, against the interest amounts you need to pay on deposits… it’s practically a non starter.
Another issue is that interest gets paid to the bank, and the bank pays interest on deposits, on a routine/regular basis. Trying to shif the payouts overtly into a scheme where its a lump sum after a long duration, introduces even more risk to it all. Like mortgages typically have something like an 80% LTV minimum (loan to value of security), so that if the borrower defaults in the first year, the bank can still foreclose and maintain the interest payment commitments to depositors. If you didn’t have to pay that depositor their interest for 25 years based on the agreement, you’d pretty much guarantee that the organisation fails to make its financial commitments to the depositors.
Put slightly differently, Credit Unions are already “crowd sourced” mortgage options with established repayment functions for the depositors, which follows a more stable and lower risk approach – but their “crowd” is just their memberbase (which has generally been declining for decades, as people don’t care about this sort of thing in general). When you “buy”/lock in a deposit, something like a $5000 term deposit for 5 years at 3% per year interest, that money basically gets combined with a bunch of other peoples term deposits, and used to provide a loan to someone in the community wanting to get a home. That person then commits to a 4-5% interest mortgage, where their interest payments cover the operating costs of the organisation, plus the deposit payout to the depositor with the term deposit. If the borrower can’t make payments, the CU can foreclose on the property and continue to make the 3% annual interest payment on the term deposit – so your deposit is pretty much assured, and is very low risk compared to other savings options. Stocks yield higher returns, but involve much more risk – s’why people aim to diversify portfolios once they get to a point where they can save a bit.
And as a side note: most times you hear complaints about savings / deposit interest from a bank/CU, it’s because the person just has their money sitting in a demand account like a chequing account, or a chequable savings account. You gotta lock it in to a term/gic or something for it to get an interest rate that matters – and CUs/Banks pay out on those more, because they can do exactly what I described above with those funds… while if the funds remain available to you ‘on demand’, it’s arguably useless.








She wasn’t necessarily elected to specifically promote FN interests at the legislature by her non-FN constituents. BC’s swing to the NDP was largely a reactionary vote against the overt corruption of people like Christy Clark and her “Liberal” party, what with things like Rich Coleman being shown evidence of massive foreign money laundering, and responding to that evidence by firing the messenger/investigators. Voters in BC were, and are still, basically being given the choice of NDP, or openly corrupt conservative shills, so we tend to elect the NDP. If voters get told / shown that someone is explicitly voting for their own demographics benefit, that should realistically trigger them getting booted by voters – but we basically have no alternatives in BC at present. Even the current conservative party, is basically totally run by the old “Liberal in name, conservative in allegiance” people. Even with that said, the province will almost definitely swing Conservative next time around (unless they massively screw up their leadership race), because of the unpopularity of Eby’s party as a result of their handling of these very sorts of issues (and the NDPs messed up budgets).
Her long standing ties as a FN activist / leader, just lends more credence to the “Maybe we should view this as ‘foreign interference’ if its meant to be nation to nation, and she’s the leader of a different nation with different objectives and goals than that of BC/Canada”. You can’t have ‘reconciliation’ if both sides are represented by FN and working exclusively for FN’s benefit. Sorta like the MMIWG report facing backlash, because it was authored largely by FN government workers, who only interviewed FN people, and trusted them without looking for evidence to support the claims, nor did they spend any time determining whether the violence towards FN women was coming from FN communities (ie. FN men abusing FN women). It’s a totally fair criticism of that report to say it was one-sided, and likely biased heavily in favour of FN interests.
As for the fear mongering / concerns, I won’t get into that too much. But I will say that some of the points that get raised do have some basis/merit to them. The disadvantages seen by the majority, vs the benefits/perks of the FN minority at this point, are pretty significant – it’s one of the painfully obvious reasons we see pretendians so frequently. Our media often phrases it like “Why would people do this?!”, though the answers simple. Like in the case of the Gill sisters back east, who went from business owning entrepreneurs / law students, to being wage slave cashiers, as a result of their FN fraud being exposed: there are huge amounts of racially-based funds/programs/perks provided to that demographic segment. The lopsided treatment of racial groups is likely also why they’re the only Canada-born demographic that has a population that’s increasing, while every other demographic is decreasing (barring immigration). Like if we wanted “equity”, we should defund child supports for FN until they’re as screwed as everyone else (which’d be a dumb approach overall) – or we should increase child supports for everyone but FN until those other groups are at parity for local population increases (which’d be trying to achieve equal outcomes for different races who show aggregate disparities, which is how we’ve justified other equity initiatives historically). But equity, like reconciliation, only seems to flow one way.