Thanks to a new $500,000 endowment to help the community,Enderby& District Credit Union will start awarding grants tocharities in 2014 to make it happen.
|The $55 million cooperative in Enderby, British Columbia, saidthe funds are allocated solely from its retained earnings.
|The decision to create the endowment was made as part of EDCU'sannouncement to merge with the Langley, B.C.-based First West Credit Union, which has $6.6 billion in assets underadministration.
|On April 1, EDCU will become Enderby and District Financial, a division of First West,according to both credit unions.
|Quentin Bruns, EDCU board chairperson, said as one of the creditunion's final activities, the launch of the $500,000 endowment willcreate a legacy for the communities the credit union serves.
|Founded in 1947, EDCU serves more than 4,500 members.
|Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
