The OCUF Board of Directors review our numerous donor funds on
an annual basis to ensure we are administering the funds in the spirit in which
they were established and to ensure compliance with CRA requirements.
As part of the annual review, three funds had fallen dormant and it was decided to amalgamate these funds into the CU Succeed Your Bursary Fund as the funds had encouraged educational support. The CU Succeed Youth Bursary Permanent Capital Fund was established in 2019 to recognize the foundation’s 40 years serving the credit unions of Ontario. The fund assists post-secondary students in pursuing their academic, vocational, or technical education.
We didn’t want to let these fund legacies go without recognition.
The Gary Gillam Memorial Fund was established in 1988
by the Credit Union Executives Society (CUES). In 1994, the name of the fund
was changed in memory of Gary Gillam, CEO of Universities and Colleges Credit
Union, who died in 1993.
The Norman Alexander Memorial Bursary Fund was established
in 1987 with funds donated in the will of Eileen Taylor Alexander to honour her
late husband, Norman Alexander, the fund’s initial purpose was to provide
scholarships to aid young men who are without fathers to help further their education.
The George Currie Memorial Fund was established in
1997 by the Hamilton & District Credit Union in memory of George Currie, a
strong supporter of the credit union for many years.
We are always open to
discussing the establishment of permanent capital or community investment funds
for your credit union or cooperative.
Spring may not yet be here, but it isn’t too early to be thinking about CU Succeed Youth Bursaries for your members! This year we will be awarding $75,000 to deserving post-secondary students. We fund these bursaries in two ways. The first is from the Golf Classic in June, the other is involvement by credit unions in the CUSYB Campaign.
Again this year, we are asking Credit Unions to join forces and have some fun raising funds for the bursaries. The details of the 2020 Campaign are now available. Over the past two years, credit unions contributed $23,383 to the campaign! We know Alterna is already talking it up with their branches!
This is a great opportunity to have some fun in your branches and head office departments, while supporting a great cause. The good news is, this is a campaign in a box. It is all set out for you. We can set up a dedicated donation page on our website for your members and staff to use. There is a branch guide you can download with different ideas to consider. Click here for more information on the campaign.
We were excited to learn Mike Shepherd was recently announced as the Milton Chamber of Commerce 2019 Community Awards recipient of the Lifetime Achievement Award. Congratulations Mike! This award is presented to a community leader who lives in and has participated in the progression and success of the Town of Milton for a minimum of 20 years. Further, “the individual has devoted themself continuously throughout their lifetime and has a resume full of contributions and achievements in a variety of different facets.”
Mike was born and raised in Milton. A lifetime credit union member, Mike Shepherd’s credit union leadership journey began 33 years ago when he was first appointed President and CEO of Prosperity ONE Credit Union.
Mike was a recipient of the Alan Marentette Manager of the Year award in 2008 (by the Ontario Credit Union Managers Association). He was recognized as the Milton Chamber of Commerce’s 2010 Business Person of the Year. In 2008 and 2011 he was a Top Ten Fundraiser for the MS Super Cities Walk. In 2012 Mike and Prosperity ONE Credit Union received the OCUF Outstanding Corporate Achievement Award. Mike was also a proud recipient of the Queen’s Diamond Jubilee Medal in 2013.
Mike believes in the values and principles of the credit union movement, one that is grounded in respect, appreciation and a mutually beneficial relationship with its members. Mike is a Board Director with FirstOntario and a lifetime member of OCUF.