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Opinion: Canada Post must embrace Postal Banking

'Meanwhile, nearly 2 million Canadians are relying on payday lenders and their predatory fees. Even those of us who can use the big banks are paying some of the highest service fees in the world. We need another option'
post office ferguson turl 2016
Canada Post office on Ferguson St. in North Bay.

By Emily Bainbridge

I have been your RSMC (Rural and Suburban Mail Carrier) for forty one and a half (41.5) years. I have driven the streets of North Bay and area, bringing your cards and letters, and lately more and more parcels due to online shopping. I have seen many families come and go and made a lot of friends. It has been a pleasure to be your carrier for all these years. I am proud to be an RSMC for Canada Post. I want to thank you for your support of the door-to-door delivery campaign.

In 2013, when the previous government tried to cut door-to door-delivery of mail, I spoke out. I took action with my union, our neighbours, and community organizations. Many of you stood with us and together we stopped the cuts!

We’re still calling for a better post office, and fighting for services that you and your neighbours can rely on. We are advancing many ideas to Canada Post sustainable for the future and more relevant than ever.

Postal banking, for one, is where post offices offer banking services -- everything from paying bills and managing savings accounts, to mortgages, loans, insurance, investments and more.

Currently, there are thousands of towns, villages, and indigenous communities without even one bank branch, some that have even lost their last ATM. But many of them do have a post office that could provide financial services. A 2014 study by the Canadian Postmasters and Assistants Association (CPAA) found that there are almost 1,200 rural communities with a post office but without a single bank or credit union.

Meanwhile, nearly 2 million Canadians are relying on payday lenders and their predatory fees. Even those of us who can use the big banks are paying some of the highest service fees in the world. We need another option.

Postal banking is a proven success, operating in sixty-one countries around the world. Some of them contribute a significant share of their postal service’s revenue, making them a key to the long-term viability of these important services. Some also have a social mandate – to make sure everyone has access to affordable banking.

That’s why postal banking is part of a bold coalition vision that we want you to know more about: Delivering Community Power. In It, postal workers and allies propose using the postal service as part of the solution to a variety of environmental, economic and social issues.

Delivering Community Power proposes new services at Canada Post like grocery delivery, affordable broadband internet access in communities that currently lack it, and postal-worker check in on seniors so that they can live longer in their own homes. It would transform Canada Post into a renewable-powered, efficient system, with an electrified vehicle fleet, building retrofits and improvements, and other green initiatives.

Altogether the vision would lead to a reduction in greenhouse gas emissions, a highly visible example of the green transformation we all need to make, and support for decent, stable jobs in communities across the country. All while keeping your letters and parcels flowing at affordable rates.

We’re here to serve you and we’re pushing for better postal services for everyone. We’ve taken some of these ideas into our current round of collective bargaining with Canada Post. I hope that, like in the past, you'll stand with us: call on your member of Parliament to implement postal banking, and support us in our negotiations with Canada Post.

Your neighborhood RSMC

Emily Bainbridge