Credit Union Annual Report 2021 V2 - Flipbook - Page 28
26
Credit Union ANNUAL REPORT 2021
OUR COMMUNITY
Community
support
is
a
very
important aspect of what Credit
Unions do. Our Credit Union supports
the community in various ways but
in
particular
grants,
through
sponsorship
educational
of
various
charitable events, sports, and school
programmes and celebrating with
our members on International Credit
Union Day (“ICU Day”). In 2020/2021,
a total of $230K was given to support
our community, locally and regionally.
During the financial year, our Credit
Union’s core principle of members
helping members was demonstrated:
o $200,000
in
grants
from
the
Rupert McCoy Educational Grant
programme was provided to 167
members to assist with expenses
in pursuit of their educational
goals. 74% of the courses are being
studied overseas, 15% online, and
11% local. 62% of the 167 applicants
are pursuing a bachelor’s degree,
18% Masters, 8% Associates, 5%
certificates, 3% A levels, and 4%
PhDs. The Credit Union takes pride
in providing this financial assistance
and wish the recipients every
success in their future endeavours.
o The Credit Union also donated
$27,895 to various charities, sports,
school programmes, and special
events; the staff assisted these
efforts with personal donations of
$1,741.
See table below showing summary
and
details
community:
Community Involvement
of
support
to
our