‘Community’ more than just a name for Colchester credit union
Credit union’s Corporate Social Responsibility policy to keep community benefits flowing
TRURO, N.S. – Non-profit groups in Colchester and Cumberland counties will continue to benefit from Community Credit Union contributions.
“Supporting the community is in our DNA,” said president and CEO Darrell Kuhn, following the credit union’s recent annual general meeting in Truro.
“It is a tremendous feeling to see the impact we are having in the lives of ordinary citizens and in the community at large.”
During the past year, the financial institution’s board approved a Corporate Social Responsibility policy that results in 40 per cent of its surplus revenues going directly back to the communities it serves.
That action formalized a previous unofficial policy in which more than $1 million in sponsorships, donations, scholarships and support have been provided to both communities over the past five years. Those contributions include significant investment in community infrastructure such as the Rath-eastlink Community Center, the new Colchester Food Bank Society, the Amherst Lions Park, the Community Credit Union Business Innovation Centre and the new Colchester Mental Health centre soon to opened in downtown Truro.
And Kuhn said it is always a pleasure to be able to make those community contributions.
“It’s the most fun you have,” he said. “You are out meeting with people and when you see what it does, it changes you actually.”
The credit union is a locally owned financial institution that also bills itself as a “community developer.”
“We take great pride in the fact that 100 per cent of profits stay in the community,” added board chairman Howard Welch.
“We continue to diversify and grow with the acquisition of wealth management and brokering firms, and the creation of new products and innovative technologies.”