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TSSEC Membership Application
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About
Transition Salt Spring Enterprise Co-op (TSSEC) is a BC Cooperative Association made up of community-minded members who wish to diversify their investment portfolios to support local businesses and projects. It is member-owned, locally-controlled and governed by a volunteer Board of Directors. TSSEC was established in 2011 with a view to supporting green projects and enterprises to create a more vibrant and resilient island community. We finance projects that lower our carbon footprint, reduce dependence on fossil fuels and provide other environmental and social benefits. We operate Green Loans Salt Spring and other programs that generally increase community well being.

Membership
Membership in TSSEC is open to individuals and organizations that support its mandate or can use its services.
Membership shares are redeemable and cost $100 per share. Members may purchase more than one share but have only one vote at membership meetings and the AGM.

Benefits
Members of TSSEC:
•Will be the first to know about local green lending and investment opportunities
•Receive regular updates on TSSEC projects
•Join a like-minded community of local lenders and investors
•Can advise the Board of Directors or one of its Committees
•Can run for a board position
•Can become a mentor to a local business or community organization
•Earn interest on loans to which they contribute
Loans & Investments – How it Works
•TSSEC borrows funds from members to provide loans to eligible projects.
•The maximum amount a member may lend at any one time is $10,000.
•We notify all members when opportunities for loans arise.
•TSSEC borrowers pay an upfront administration fee and modest interest.
•TSSEC lenders receive interest but less than that charged to the borrower.
Application
I would like to become a member of Transition Salt Spring Enterprise Cooperative (TSSEC). I wish to purchase membership shares at $100 per share. I certify that the total value of my investments with TSSEC does not exceed $10,000.
The number of membership shares ($100 each) that I would like to purchase is: *
Name *
Address (including postal code) *
Email *
Telephone *
How did you hear about TSSEC? *
Required
The TSSEC mandate is to support green projects and enterprises on Salt Spring that help to address climate change and reduce fossil fuel use, that make our community more resilient to economic and environmental challenges, and generally increase community well being. *
Required
Signature
Date
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Payment
Payment by cheque  for your membership share(s) can be mailed to TSSEC, 171 Vesuvius Bay Road, Salt Spring Island, BC V8K 1K3 or an e-transfer may be sent to: TSSEnterpriseCoop@gmail.com

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