Weyburn Credit Union Community Fund

Update as of April 1, 2020: Our application deadline is postponed

Unfortunately due to the complications and uncertainties that come with the COVID-19 pandemic, we are putting the WCU Community Fund Grant process on hold. When things settle down, we will announce a new application deadline along with other new key dates and information. To anyone this may affect, please accept our sincere apologies.


Weyburn Credit Union is committed to building better, brighter and stronger communities! One of the ways we help build a stronger community is through our Community Fund.  Typically, we allocate 1% of the Credit Union’s profits to the WCU Community Fund each year.  Community groups and organizations can then apply for funding for projects and initiatives that have a positive impact within our local communities.  

Over the past 10 years, the Community Fund has awarded over $400,000 in grants to local community organizations! This year, we will be awarding $31,000 in Community Fund Grants! 

We use our profits for your good - not our pockets. That's a key difference between a bank and a credit union.

Key Dates

March 1:    Application Period Opens
April 10:    Application Period Closes
June 15:    All applicants will be informed of the outcome of their applications
Late June/ Early July:    Public Announcement of Fund Recipients.  We ask that you have a representative from your organization attend the event.  Details to follow

Apply Now!


Eligibility

  • 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.

Focus Areas

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

Ineligible Causes

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.

Important Considerations

Payments will be made upon reimbursement of receipts as proof that funds are being used towards the intended purpose.  Preference will be given to applications that intend to have projects completed and funds reimbursed by December 31 of the year the funds are applied for.

Recipients of WCU Community Fund Grants are encouraged to promote WCU’s support of their initiative. This promotion may include, but is not limited to:
  • Photo opportunities
  • Promotion/interaction on social media
  • Media releases
  • Signage
  • One-on-one communication
Recipients are asked to report on of their initiative within 30 days upon completion. This report should include:
  • An overview of the project or event outcome relative to initiative objectives, including who and how many people were helped as well as how WCU’s funds were used
  • Electronic photos of WCU’s recognition
  • Links/Copies of coverage in traditional media, social media and websites

Application and selection process

  • We accept applications once per year.
  • Applications must be typed and submitted on the WCU Community Fund Application Form (see below). Incomplete applications will not be considered.
  • Applications are assessed and approved through a formal evaluation process by our Community Fund Committee consisting of two WCU Board of Directors, two WCU Staff Members and two WCU Managers.
  • Applications are assessed primarily for their contribution towards strengthening organizations working in our focus areas.
  • With limited funding available, we give preference to active WCU members and smaller community organizations that don't have substantial operating budgets or many other sources of funding.
  • You can expect to receive notification within 6 weeks of the application deadline.
  • The grants we approve are reported to our members and to the community.

Apply Now!
 

Online BankingExpand/Collapse

Online Banking