Our Community Fund was established by our Board of Directors to help support and develop sustainable programs and projects that enhance our communities. Each year, we allocate a portion of our profits into the Community Fund; local community groups are then able to apply for funding for programs and projects. To be considered, projects must have a far-reaching, positive impact on the community and intend to be self-sustainable. Requests of $2,500.00 or more depending on the scope and scale of the project and the anticipated impact on the community and surrounding areas will be assessed by an evaluation committee comprised of WCU staff, management and directors. The focus of Weyburn Credit Union's Community Fund will be on sponsorship opportunities that align with the Credit Union's goals, priorities, and core values by contributing to community in a meaningful way.

The Annual Process

1

Allocation

January

At the beginning of each year, and allocation is made by our Board of Directors to our Community Fund. Typically, it is 1% of our profits.

2

Application period opens

Beginning March 1 for 6 weeks.

To complete this application:
1 - Save the PDF to your Computer,

2 - Complete and Save the Form
3 - Submit by email to marketing@weyburncu.ca, by mail or in person to your local branch

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3

Adjudication

Late May

Each application is scored based on community and business impact by a committee of Board, staff and management. The committee makes a recommendation for Board approval on how the Fund should be distributed.

4

Public Announcement of Grant Recipients

Late June/Early July

All applicants will be informed on the success of their application in early June. Normally, we celebrate the grant recipients at our Community BBQ where a representative(s) is on hand on behalf of the community organization receiving the grant.

5

Funding

Preferably within the calendar year

Upon completion of the project, the community organization will submit paid invoices to be reimbursed with the grant from WCU.

Community Fund Grant Recipients

In 2023, we will be awarding almost $70,000 in Community Fund Grants. Check out our latest Community Fund Grant recipients.

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Eligibility
Focus Areas

To be considered, applicants and applications should meet these requirements:

Non-profit organizations, associations, societies, charities, cooperatives and social enterprises with missions and values consistent with ours here at Weyburn Credit Union can apply.
Organizations are eligible to apply for funds to support initiatives that will provide direct benefit to the communities served by WCU.
To be considered, projects must have a far-reaching, positive impact on the community and intend to be self-sustainable.
Requests of $2,500 and more, depending on the scope and scale of the project and the anticipated impact on the community and surrounding areas will be assessed by an evaluation committee comprised of WCU staff, management and directors.

The focus of Weyburn Credit Union’s Community Fund will be on sponsorship opportunities that align with the Credit Union’s goals, priorities, and core values by contributing to our communities in a meaningful way. In particular, the committee will give preference to applications that will have a positive impact on:

The well-being of Youth and/or Family (with a preference towards financial literacy)
Economic and Community Development
The Co-operative Principle of Concern for our Community
Our Environment

Initiatives generally not supported through the Community Fund are as follows:

Partisan political or religious organizations and affiliated activities
Groups that are not a registered charity or recognized as community not-for-profit
Groups that represent a conflict of interest for WCU or that promote specific programs or issues where members of the Credit Union and clients of its subsidiaries may have significantly divergent views
Requests from organizations that do not provide a direct benefit to the identified communities served by WCU
Individual pursuits or interests that are primarily for personal gain
Requests for funds to support operational costs or debt servicing (operational costs refer to fixed costs including but not limited to: rent, wages, and utilities)
Properties that depend solely on Weyburn Credit Union funding for their existence

Requests that fall outside of the parameters of the Weyburn Credit Union Community Fund should be made to the Vice President of Marketing.

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