Somethings are destined to get embedded in our memories. Who doesn’t know what you are referring to when you say nine eleven? Acronyms, letters and numbers combine to represent milestones in our history. WWII is such a marker. So too is COVID-19. The coronavirus a fortnight ago was a topic of concern and viewed by many as a problem some distance away. Others referred to it as a hoax or media embellishment. Not the case only a short number of days later. How quickly things can change!
People who didn’t understand the concept of exponential growth, now do. Each is now a variable in the equation. New terms sprang up, self-isolation and social distancing. Many are taking the pandemic seriously, others not so much.
Many companies have directed staff to work from home. Thankfully technology makes it an option for many. Some industries and sectors don’t have this luxury. Personal services, retail, bar and restaurant workers are being hit hard. Airline, hotel and related travel employees are nervous with layoffs pending. The stock market down 30 percent. The economy is getting squeezed. Hard.
Our healthcare professionals are our new superheroes. Front line staff are masking up and keeping hospital and clinic doors open. Researchers, virologists, chemists, infectious disease specialists are working overtime researching medical and social policy countermeasures.
This post started as a prelude to explain the cancellation of our Foundation’s AGM in April due to COVID-19 concerns. I digressed. A lot.
Wash your hands, don’t touch your face. Stay home if you can. Be smart. This is about you, your family, your neighbours, your co-workers, and everyone we share this planet with. Let’s look out for each other.
A final thought. When will toilet paper be back on the shelf? (Asking for a friend)
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.