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“Just as every business in Weyburn and the world has been affected, we were affected by the pandemic and its ripple effect on the economy and interest rates, and we saw how it affected our members and how we could help them,” said Hubic. The Credit Union’s assets, which consists of cash and investments, did see growth as the institution broke the $600 million mark for the first time as the assets grew to almost $606 million. In the area of loans, there was some agricultural and consumer lending, but the pandemic caused a lot of upheaval in the business world. ....
WCU and their rewards program encourage members to do more to become financially fit, and when they do, their Member Spark Rewards increase as well. Weyburn Credit Union is owned by the people who bank with them, and WCU has always used its profits for their members’ good. In fact, it’s a key difference between a bank and a credit union. “We’re here to help our members achieve financial well-being; we don’t have any ulterior motives,” remarked Lynn Colquhoun, Weyburn Credit Union’s Board Chair. “We help people define their needs and goals and offer advice and solutions to help them; we don’t sell product for the sake of maximizing profit. In the business of helping our members, a sustainable profit level is important in maintaining a strong and viable credit union; maximizing profit for shareholders is not. ‘We are owned by the people who bank with us, so we always have their best interests at heart’ is not pandering. I know it to be a fact because ....
• Late June/Early July: Public Announcement of Grant Recipients Organizations and community groups can access more information as well as the application from the Weyburn Credit Union website: www.weyburncu.ca. To be eligible for funding, applications must be made on behalf of a Not-For-Profit organization for a project or initiative that is self-sustaining and will provide direct benefit to the communities served by WCU. As a note of interest, Weyburn Credit Union (WCU) was nationally recognized with an Achievement in Marketing Excellence (AIME) Award by the Canadian Credit Union Association (CCUA) for their work in rebranding their Community Fund. Two years ago, WCU gave their Fund a visual refresh and streamlined the process. They branded the program with a consistent look, feel and messaging. WCU took a portion of their logo mark, affectionately dubbed “the spark”, and transformed it into a winning community. ....