The results are in!

Finally after a few weeks of chasing down invoices we are able to announce the results of this year’s fundraising efforts.

We had two events this year. The CU Succeed Youth Bursary campaign ran for the first time with five credit unions contributing; Alterna, Comtech Fire, Luminus, Your Neighbourhood, and Your Credit Union.  We were assisted by CUMark, credit union marketing experts, who created content and media support for the campaign. We learned a lot from feedback from participating credit unions and others we spoke to. A key learning is to provide much more lead time for the 2018 campaign.

Shelley, Sandra, Kelly & Michelle from CUMIS

The second event was our traditional 26th Golf Classic which attracted 130 golfers and 6 painters to Lionhead Golf & Country Club in Brampton on June 12th. It was almost too hot a day, but there weren’t many complaints about the weather. CUMIS was our title sponsor again this year which we were delighted to have their support not only financially, but the return of the CUMIS volunteers to manage the registration was great! Please visit our fundraiser page to see all of our sponsors.  The event featured breakfast, lunch and a buffet dinner, along with a happy hour to network with sponsors and peers. The raffle prize table this year featured awesome prizes thanks to the generosity of many of our sponsors and guests. A big thank you to all of you who participated or contributed.

These two events combined to record a total raised of $74,900 for the CU Succeed Youth Bursary program. We are so grateful to everyone who made this achievement possible. To our golfers, painters, sponsors, supporters, and all the branch staff who participated in this year’s campaign, we say thank you! Your efforts, generosity and contributions will allow us to grow the CU Succeed Youth Bursary program, benefiting deserving post-secondary youth in Ontario.


Bursary Students Thank OCUF

Two 2016 bursary award recipients came out to help with the 26th Golf Classic. Elgin and Naomi are both credit union members who are active in giving back to their communities. Arriving at Lionhead Golf & Country club at 7 am they immediately jumped in to help set up the registration area and arrange the drinks in to ice coolers. Once the tournament got going, they jumped in a golf cart and went around the course offering Gatorade, water or pop to thirsty golfers. With 35C weather it was important to keep hydrated.

Once the golf wound up,  Elgin and Naomi sold raffle tickets during Happy Hour. They did a great job. During dinner both got up to speak about their educational plans, appreciation for the bursary awards, and the impact it had. Take a few minutes to listen to their speeches in the video to the left.

You can read Elgin’s here. Naomi’s story can be found here.

Golf & Paint Photos are Up

DUCA foursome trying anything to score!

Photos from the 26th Golf Classic are now up!

It was an incredible day. Good weather, good cause, good people!

Net proceeds from the day will benefit the CU Succeed Bursary which helps deserving post-secondary Ontario

Shelley, Sandra, Kelly & Michelle from CUMIS

students who are active in their communities. We are anxious to share the result with you once we have our final expenses from the venue. Speaking of which, Lionhead Golf & Country Club did a tremendous job hosting us for the day.

We can’t say enough, how much we appreciate all the golfers, painters, and sponsors who came out to support the event. A special shout out to the volunteers from our title sponsor CUMIS who ran our registration table. Cheryl, Kelly, Sandra and Shelley did a great job! We also very much appreciated the assistance of Erin and Naomi, two of our 2016 bursary award recipients who helped throughout the day.

Event photos of golfers and painters are now uploaded on to the OCUF website. Click here to view photos.

HMECU Opens New Branch

Healthcare and Municipal Employees’ Credit Union (HMECU) opened a new office on May 3rd. The Juravinski Branch is located within the Juravinski Hospital and Cancer Centre in Hamilton. It is conveniently located just steps away from the Atrium Cafe.

OCUF ED Clayton Shold congratulates Doug Mann, President & CEO, HMECU

Cake was delicious!

The ribbon cutting ceremony was very well attended, with hospital staff, HMECU members and staff, and special guests present.  HMECU President & CEO Doug Mann commented “We are very pleased to make HMECU even more accessible to members by opening an office within Juravinski Hospital and Cancer Centre. We hope this added convenience will make our credit union accessible to others who work at the hospital.”

Refreshments were served and a long line up quickly formed with attendees anxious to have a coffee and pastries or cake. Guests also received a “goody bag” of items from HMECU.

Rumours that the special cake was baked by Doug Mann proved to be false. Staff confirmed, “of the many talents possessed by our leader, baking a cake is most definitely not one of those competencies!”

Photo credit: Jacob Lethbridge, HMECU

6 Ontario Credit Unions Join Together to Help Send Students to Higher Education

TORONTO, ON – 6 Ontario credit unions have just joined ranks to make a positive difference for Ontario youth by raising funds for the CU Succeed Youth Bursary program. From April 24 to June 3, Luminus Financial, PACE Credit Union, Comtech Fire Credit Union, Your Credit Union, Your Neighbourhood Credit Union, and Community First Credit Union will be helping to raise money through staff and member fundraisers across Ontario.

From now until June 3, Ontario credit union staff will be raising funds for the CU Succeed program, which gives students in financial need the opportunity to become the doctors, teachers, and technicians of tomorrow by providing them with grants to pursue educational or vocational training. Credit union members will also be invited to take part during a special “Giving Week” from May 28-June 3.

“We’re excited to take part in this great cause,” says George De La Rosa, CEO of Luminus Financial. “Young people are the future of our community, so it’s important for us to make sure they have the opportunity to go to school and develop the skills they need to become who they want to be.”

This year’s fundraising goal is to exceed the 51 bursaries granted to Ontario students last year. For credit unions who haven’t yet joined the fundraising efforts, there’s still time to participate. The Ontario Credit Union Foundation invites credit unions and the public to learn more at

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About the Ontario Credit Union Foundation
The Ontario Credit Union Foundation (OCUF) was registered in 1979. Over the past 37 years, we have supported credit unions and co-operatives with their philanthropic giving in communities across Ontario. OCUF receives oversight and strategic direction from a nine-member volunteer Board of Directors elected by members of the Foundation at the annual general meeting. The Foundation is similar to private and local community foundations in that it administers funds created by donors for specific charitable purposes. In addition to the 45 funds we manage, we maintain a general fund we use to support our main charitable activity, the support of youth education and leadership.

Ontario Credit Unions and Staff Invited to Take Part in 2017 CU Succeed Youth Bursary Fundraiser

Calling all Ontario credit unions and staff! The Ontario Credit Union Foundation is excited to invite all local credit unions and staff to take part in the 2017 CU Succeed Youth Bursary Fundraiser and contest.

Every year, over 30% of Ontario youth choose not to pursue higher education because of financial barriers.

We think everyone deserves a chance to go to school, so in 2016 the Ontario Credit Union Foundation gave 51 students bursary funds to help pursue their dreams. This year with your support we want to help even more!

Let’s do more, together! We are looking for your help as we join with credit unions and their staff across Ontario in support of a single cause: to help more Ontario youth pursue their dreams of a better career through educational or vocational training. Will you join us?

Throughout the month of May, Ontario credit union staff and members are invited to help support the doctors, teachers, and technicians of tomorrow by raising funds to provide education grants to students in financial need. Best of all? For your help you could win a raft of amazing prizes!

To learn more or to sign up to help raise funds, visit or the campaign details page at

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About the Ontario Credit Union Foundation
The Ontario Credit Union Foundation (OCUF) was registered in 1979. Over the past 37 years we have supported credit unions and co-operatives with their philanthropic giving in communities across Ontario. OCUF receives oversight and strategic direction from a nine-member volunteer Board of Directors elected by members of the Foundation at the annual general meeting. The Foundation is similar to private and local community foundations in that it administers funds created by donors for specific charitable purposes. In addition to the 45 funds we manage, we maintain a general fund we use to support our main charitable activity, the support of youth education and leadership.

Two New Board Members

OCUF is pleased to announce the appointment of two new Board members.

At the Annual General Meeting, members voted to accept the recommendation of the nomination committee adding Frugina Ball from Alterna Savings and Kevin Connolly from Comtech Fire to the Board of Directors. Board Chair, Dan Coldwell commented “We are delighted to have Frugina and Kevin join our board. They each bring extensive knowledge and experience in the credit union sector which will help us ensure we remain responsive to our members.”

Frugina Ball

Frugina Ball

Frugina has over 25 years of Financial Services industry experience with the majority spent in senior leadership roles at both Alterna and a national Canadian Bank. These included the areas of Commercial Banking, Corporate Office, Wealth Private Client Services and Retail Distribution.

Specifically at Alterna, as part of her mandate, Frugina leads the growth and profitably of the branch portfolio; provides guidance and coaching to deliver superior member and customer experience in all channels; contributes to business development activities; overall leadership to the Retail branch teams in GTA, Wealth Management, Contact Centre and Affinity team oversight.

In her spare time, Frugina is a passionate champion of the benefits of a post secondary education. She has been an active volunteer in her high school, Toronto French School, as well as with Enactus Canada and her Church youth program. Frugina has an Honours Bachelor of Science from University of Toronto and obtained an MBA from Queen’s University, in Kingston, Ontario. She lives in Toronto with her husband and their daughter.

Kevin Connolly

Kevin Connolly

Kevin is currently the Chief Marketing Officer at Comtech Fire Credit Union. In addition, he oversees the business development/partnerships area for the Credit Union. He has over 25 years of experience in the financial services business, the last eight in the Credit Union system. Previously Kevin held the positions of Vice President, Sales & Service with Northern Credit Union and Chief Executive Officer of Fire Services Credit Union prior to its merger with Comtech. Kevin has served on the Board of the Canadian Fire Fighters Museum in Port Hope, and is the lead organizer of Comtech Fire’s Annual Charity Golf Tournament that has raised over $60,000 for the Canadian Fallen Firefighters Foundation.

Kevin lives in Oakville with his wife Marisa, daughter Cassandra and Great Dane Luna.

Two Board Directors Leaving

At our Annual General Meeting we said goodbye and thank you to two Board members.

Deanna Basso

Deanna Basso

Deanna Basso has left the credit union space and is enjoying a challenging marketing role which involves considerable travel throughout North America. As such, in her discussion with Board Chair Dan Coldwell, she agreed it would be best not stand for re-election at the end of her term, to accommodate someone else working within an Ontario credit union.

Deanna Basso joined the OCUF Board in 2011. During her two terms Deanna was an enthusiastic support of the Foundation. She sat on the Governance Committee and helped steer many discussions on good governance, as well as reviewing and updating of Policy and Procedures manual. There wasn’t an event or activity put on by the Foundation that Deanna wasn’t at the front of the line, volunteering to help and be our brand ambassador. Her creativity and outgoing nature helped energize our events such as the annual golf classic fundraiser or an AGM.

Mark Ventry

Mark Ventry

Mark Ventry was the previous Executive Director of On Co-op as many will recall. Mark is currently working in Windsor and in discussions with our Board Chair, Mark volunteered to step down at this time to accommodate a credit union person who would be better able to attend meetings.

Mark joined the Board in 2010 and has been a strong contributor, serving as Chair of the Governance Committee for the past number of years. His attention to detail on policy reviews and governance issues was instrumental in steering the Committee and the Board.

We wish the best of luck to both Deanna and Mark. A small token of our appreciation was presented to Deanna at the AGM. We will catch up with Mark soon to present his gift, and to thank him in person.

We have lost a true friend

TimDauphineeIt is with heavy heart we advise Tim Dauphinee has passed.

We were very sad to hear of Tim’s passing. He leaves his wife Jean Wansbrough to carry the torch.

Tim and Jean were recognized with the “Friends of the Foundation Award” at our Annual General Meeting last year, which was followed by a spirited signing of Happy Birthday in recognition of his 100th birthday he celebrated in July. Tim was a Director Emeritus of Ontario Credit Union Foundation.

Tim achieved his MBA in physics through the University of British Columbia in 1945 and his thesis was on “the variation with temperature of thermal conductivity of natural and synthetic rubbers in the stretched and unstretched state”. Following work at the National Research Centre where he participated in the creation of measurements on Armco iron and pure lead, he spent a further two years obtaining his PhD. Tim’s achievements in science are far too many to account for in this biography, but let’s just say that Tim is a very very accomplished gentleman. In 1978 Tim received the Morris E. Leeds Award for lifetime contributions to Instrumentation and Measurement. He retired in 1980 but has continued to work as a consultant.

Tim and his first wife, Amy, were jointly responsible for the launch of the Book Nook program for the Foundation which raised about $12,000 each year from participating credit unions. He edited a credit union cook book which raised $30,000 and both Tim and Amy were recipients of the Ontario Central Distinguished Service Award (1989), plus the Association of Co-operative Educators Distinguished Service Citation. In 1997 Tim and Amy received the Gary Gillam Award for Social Responsibility, they established the Dauphinee Scholarship Award for outstanding work in co operative studies and were appointed Directors Emeritus of the Ontario Credit Union Foundation.

Our Foundation would not be what it is today without Tim’s leadership and commitment. Rest in peace Mr. Dauphinee, you were a true scholar and gentleman.


2017 Corporate Achievement Award

Applications now open! Deadline is March 22nd

The Outstanding Corporate Achievement Award is given annually by the Ontario Credit Union Foundation to a credit union (or company within the co-operative financial system) in recognition of their contribution to the community.


We recognize those whose investment in the community is above normal expectations in one or more of the following ways:

  • A single project or program supported financially or otherwise during the preceding year,
  • An ongoing pattern or record of community investment continuing over an extended period of time through to and including the preceding calendar year,
  • A major new activity, program or commitment started during the preceding calendar year.

The recipient organization must be a member of the Ontario Credit Union Foundation. Click for more details and application form.