Community Papers

Credit union to disburse community funds

First Insurance and First Credit Union recently announced they will give away $10,000 in Community Impact Funds to local non-profit organizations in the communities they serve.

Community Impact Funds, which will be awarded annually, strongly align with the purpose of First Insurance and First Credit Union, which is “to strengthen the well-being of [their] member-clients and make meaningful community impact.”

Funds serve this purpose by providing one-time financial support to non-profit organizations that contribute to the social, health, economic, or environmental well-being of their local communities.

“We are thrilled to offer these Community Impact Funds,” marketing and communications specialist Tara Chernoff explains. “Giving back to the community is built into our business model.

"We know that awarding larger funds to local non-profits is going to make a big difference in each of our communities. We’re hoping to see many organizations taking advantage of this wonderful opportunity.”

The size of the Community Impact Funds is based upon the gross insurance premiums and credit union asset size in each of the branches’ locations.

Non-profit organizations in the Comox Valley, Cumberland, Powell River, Texada Island and Bowen Island, can apply for Community Impact Funds via the First Credit Insurance or First Credit Union websites.

The deadline to apply for the 2014 funds is March 15. The successful applicants will be announced at the First Credit Union annual general meeting in Powell River this May.

First Credit Union is the longest-running credit union in BC, incorporated in 1939. With five insurance branches including Westview Agencies, five credit union branches, $230 million in credit union assets, and $100 million in wealth management assets, the organization’s 140 employees serve over 38, 000 clients and members across four vibrant coastal communities.

— First Credit Union

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