Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Canadas CUs donate 42.1M to communities
TORONTO, Canada (10/16/09)--Canadian credit unions upped their support of community projects nationwide to $42.1 million in 2008. The amount was up 18% from the $35.8 million donated in 2007, a new survey indicated (Canada NewsWire Oct. 15). “During the recent tough economic times, credit unions have increased their support for local community projects,” David Phillips, president/CEO of Credit Union Central of Canada, told the news service. “Every day, credit unions help their communities by providing time, money and expertise. These actions flow from the cooperative principles that are at the core of the credit union difference.” Since its inception eight years ago, the annual survey has shown a steady increase in donations from Canada’s credit unions, the news service said. In a related matter, credit unions in the Canadian province of Ontario increased their support of community projects to a record $5.3 million in 2008--up roughly 10% from $4.8 million in 2007, said Central 1 CU, the central liquidity management facility and trade association for nearly 200 member credit unions in British Columbia and Ontario.


RSS print
News Now LiveWire
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
6 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
7 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
7 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
7 hours ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions. http://t.co/2yxVUXCrYA
7 hours ago