Purpose
The Credit Union Foundation of BC is collectively funded by BC credit unions, providing bursaries to students who reflect credit union/co-operative values and face barriers to completing their post-secondary education. The foundation also provides international support for co-operative programs and oversees the Distinguished Service Awards, honouring those industry leaders who have furthered the credit union movement in BC.
Operations
The foundation was incorporated in 1958 under the Society Act of British Columbia and is administered by a board of volunteer Trustees elected by members of the foundation at the annual general meeting. The Trustees are responsible for the administration and investment of donations, bequests and trusts, and for the disbursement of income in support of foundation programs.
Funding
Every credit union in British Columbia supports the foundation through annual donation dues. The funds for awards come from the earnings the foundation receives on its capital. Most of the capital has been donated by credit unions and credit union members to Memorials & Trusts in honour of credit union pioneers. Other funds have been created through bequests or by individuals in honour of loved ones. All provide ongoing gifts to future generations of British Columbians striving to complete their education and make a meaningful difference to their community.
Credit Union Corporate Membership & Dues
All credit unions in British Columbia are members of the foundation. Each credit union has a right to one vote at the foundation Annual General Meeting. Dues are collected annually from credit unions on behalf of the foundation courtesy of Central 1 Credit Union.
The Board of Trustees
| Name | Organization |
|---|---|
| Bill Corbett, President | Stabilization Central CU |
| Nancy Crockett, Vice-President | Sunshine Coast CU |
| Amie O'Brien, Treasurer | Integris CU |
| Brenda Monk, Secretary | Central 1 CU |
| Nick Wong, Trustee | GVCCU |
| Kirsten I'Anson, Trustee | Community Savings CU |
| Jana Lukasek, Trustee | Bulkley Valley CU |
| Anita Jensen, Trustee | Beem CU |
| Sam Portz, Trustee | Community Savings CU |
| Niki Jelstad, Trustee | Prospera CU |
| Brent Jossy, Trustee | Kootenay Savings |
Trustees Emeritus/Emeritas
Bill Wright and Phil Moore (GVC Credit Union)
Gene Blishen (Mt. Lehman CU)
Meredith Pue (Westminster Savings CU)
Gus Hartl (Aldergrove CU)
Jeff Shewfelt (Gulf & Fraser CU)