2019 Press Releases

Credit Unions Agree to Proceed with Regulatory Application for Consent


Boards of Directors for Credit Unions in the Kootenay, Columbia Valley and Boundary Regions Agree to Proceed with Regulatory Application for Consent to Present Merger to Members

Approval of merger business case a significant milestone for six area credit unions

July 24, 2019: The Boards of Directors for the six credit unions exploring a potential merger voted to proceed with submitting an application to the Financial Institutions Commission of BC (FICOM), requesting consent to present the potential merger to their respective memberships, resulting in a membership vote.

The Board of Directors for each of the six credit unions considering a merger – Columbia Valley Credit Union, East Kootenay Community Credit Union, Grand Forks Credit Union, Heritage Credit Union, Kootenay Savings Credit Union and Nelson & District Credit Union – reviewed and analyzed the merger business case. After discussing the opportunities and risks associated with the merger, each of the six Boards agreed to move to the next step in the merger process, which is an application to the regulator (FICOM), seeking consent to present the merger question to members.

FICOM will commence its in-depth review once all required application documents have been submitted to the regulator. Should FICOM provide their consent, each of the six credit unions will proceed with a membership vote to determine if their members support the merger.

“This is an important and significant milestone in our merger journey,” stated Michael Strukoff, designate Chair of the Board for the Exploring Strength and Unity merger initiative. “It demonstrates the commitment of the Boards of Directors and management teams of the six credit unions to the benefits and opportunities a merger would bring to our members, employees and communities.”

It is important to note that no merger is possible without the approval of members. Should FICOM give their consent and members be asked to vote on a merger, members will be provided more details, information and the chance to engage in conversation about the potential merger in the coming months, well in advance of any membership votes.

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Please visit www.exploringstrengthandunity.ca for more information on this initiative and the next steps. Visit www.exploringstrengthandunity.ca/partners.html for individual credit union contact information.

EKC Announces Community Cash Awards Recipients at AGM

FOR IMMEDIATE RELEASE – May 1, 2019

East Kootenay — Members and guests joined East Kootenay Community Credit Union (EKC) for the financial institution’s 69th Annual General Meeting, April 30. Jean-Ann Debreceni, Chair of the Board of Directors, welcomed the crowd of 75 members and guests. The acclaimed Directors were Lynnette Wray and Jose Galdamez. George Freitag was welcomed back to the Board. All Board members including Jean-Ann Debreceni, Barb Nunes, Russell Pask, Don Holt, Diane Byford were thanked for their time and commitment.

At the meeting it was announced the results of the member vote on the Special Resolution has passed. The special resolution included approval of electronic voting and some cleanup of language.

The Community Cash Awards, which aimed to develop healthy and diverse communities, offered local community groups an opportunity to apply for funding. Unlike other funding initiatives, the Community Cash Awards provided EKC members, and the community, the opportunity to ‘invest in’ and select the award winners. cn total. All groups are winners, and we truly want to congratulate all of our finalists who did an incredible job raising awareness about the important work they do in the Elk Valley.”

The Community Cash Awards finalists set up information tables to promote their organization and project at EKC’s AGM. Members and guests voted with their EKC Community Cash dollars.

Fernie Pets Society
Funds will be used to provide fencing for the established dog park which will increase the safety of the animals and people that utilize the park and surrounding areas.

 

$1,054 was awarded to the Fernie Pets Society

Fernie Family Community Garden by The Holy Family Church
Funds will be used to increase the accessibility and inclusiveness of the Community Garden for all demographics in the community and support physical health and well being with the connection to nature.

$1,103 was awarded to the Fernie Family Community Garden

Sparwood Farmer’s Market Society
Funds will be used to increase sustainability and engagement of the market as well as provide a venue and growth opportunity for local businesses to contribute to the local economy.

$1,133 was awarded to the Sparwood Farmer’s Market Society

Elkford Early Years
Funds will be used to purchase equipment and items for activities in the new summer outdoor program for children in the Elkford area.

$1,185 was awarded to the Elkford Early Years

Elkford Arts Council
Funds will be used to install a publicly accessible community art display “Pass in the Clouds”. This piece will engage and involve the community, fostering a connection between neighbors in a shared history and occupation of space that is shared in the valley.

$1,345 was awarded to the Elkford Arts Council

Frank J. Mitchell Elementary School PAC (Sparwood)
Funds will be used to increase the amount of playground equipment for both the children of the school and non-school aged children in the community to be used year-round.

$2,363 was awarded to the Frank J. Mitchell Elementary School PAC, Community Cash Award Winner

Each of the groups received $100 from Kootenay Insurance Services (KIS), $500 for attending the AGM as well as the real cash equivalent to the Community Cash they accumulate throughout the event. The group who receives the most Community Cash will also receive an additional $500 in funding.

Sandy Thor-Larsen, Senior Manager, Finance Technology & Administration for Kootenay Insurance Services (KIS) and Amanda Booker, Personal Lines Agent in Sparwood for KIS, an EKC subsidiary supported the event. Thor- Larsen said, “As a member of the credit union family, KIS is committed to our communities. We are happy to contribute an additional $100 to each group. We have been welcomed by the communities in our KIS Sparwood office. We look forward to continuing to support families and businesses in the Elk Valley with their insurance needs.’

CEO Jody Burk adds, “We’re excited that this process provides a fun and inclusive way to involve both EKC members as well as local youth and the community in selecting the Community Cash Awards recipients.”

For more information on the Community Cash Awards please visit: https://www.ekccu.com/Personal/InOurCommunity/CommunityGiving/Programs/CommunityCashAward/

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Media Contact
Jane Davies
250.421.8687
ekccumarketing@telus.net

Pam Pinch
Executive Assistant
250.426.8223 ext. 3361
ppinch@ekccu.com

Background Information

About EKC
EKC was established in 1950 and has grown to over $375 million in assets and serves over 11,480 members throughout the East Kootenay. EKC is a community based financial cooperative that offers a full range of banking, financial planning (EKC MoneyWorks) and general insurance (KIS Ltd) services. Our community branches are located in Cranbrook, Elkford, Fernie, and Sparwood. Please visit us at one of our branches, Facebook https://www.facebook.com/EKCCU or at EKCCU.COM

https://www.ekccu.com/Personal/InOurCommunity/CommunityGiving/Programs/CommunityCashAward/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/PressReleases/2019/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/VideoVault/

Community Cash Awards Finalists Announced by EKC



FOR IMMEDIATE RELEASE – March 28, 2019

East Kootenay — East Kootenay Community Credit Union (EKC) has announced the list of finalists for their fourth Community Cash Awards. Since 2016, when the Community Cash Awards were first announced, EKC has returned $22,504 to the community groups. The funding continues to develop healthy and diverse communities. It also offers an opportunity for local groups to build awareness. Six finalists were selected from a multitude of worthy applications. Unlike other funding initiatives, the Community Cash Awards provide EKC members, as well as the community, the opportunity to ‘invest in’ and select the award winners.

According to Diane Byford, EKC Board Member and Chair of the Nominating Committee, “We’re so impressed with the quality of the applications we received through the Elk Valley Community Cash Awards. It’s incredible how many community organizations are contributing to the creation of healthy and sustainable communities. It was difficult to select the finalists and we truly appreciate and thank all of the applicants for their efforts.”

Each of the Community Cash Awards finalists will participate in the next round by setting up information tables to promote their organization and project at EKC’s Elkford, Fernie, and Sparwood branches. The finalists are (in alphabetical order):

Elkford Early Years
Funds will be used to purchase equipment and items for activities in the new summer outdoor program for children in the Elkford area.

Elkford Arts Council
Funds will be used to install a publicly accessible community art display “Pass in the Clouds”. This piece will engage and involve the community, fostering a connection between neighbors in a shared history and occupation of space that is shared in the valley.

Fernie Pets Society
Funds will be used to provide fencing for the established dog park which will increase the safety of the animals and people that utilize the park and surrounding areas.

Fernie Family Community Garden by The Holy Family Church
Funds will be used to increase the accessibility and inclusiveness of the Community Garden for all demographics in the community and support physical health and well being with the connection to nature.

Sparwood Farmer’s Market Society
Funds will be used to increase sustainability and engagement of the market as well as provide a venue and growth opportunity for local businesses to contribute to the local economy.

Frank J. Mitchell Elementary School PAC (Sparwood)
Funds will be used to increase the amount of playground equipment for both the children of the school and also non-school aged children in the community to be used year round.

After showcasing their projects, the week of April 8-13th all the finalists will be invited to set up displays to promote their initiative at EKC’s Annual General Meeting taking place in Sparwood on Tuesday, April 30, at the Causeway Bay Hotel. The doors open at 5:30 p.m. with the community groups available to answer questions. The meeting starting at 7 p.m. Guests are encouraged to stay for the presentation of the winner around 8 p.m.

At the AGM, members, non-members, and youth will receive EKC Community Cash to ‘invest’ with one or more of the community groups of their choice. Elk Valley members will receive $40, Cranbrook members will receive $50, non-members will receive $20, and all youth (18 and under) will receive $10.

Each of the groups will receive $500 for attending the AGM as well as the real cash equivalent to the Community Cash they accumulate throughout the event. The group who receives the most Community Cash will also receive an additional $500 in funding.

CEO Jody Burk adds, “We’re excited that this process provides a fun and inclusive way to involve both EKC members as well as local youth and the community in selecting the Community Cash Awards recipients.”

During the meeting portion of the event a children’s movie will be shown in another room. Snacks and limited supervision will be provided. Additional supervision by parents and or caregivers may be required. After the meeting, all guests are invited back for the announcement of the winner of the Community Cash Awards.

It’s important to note that members, non-members, supporters and youth who wish to participate in investing ‘Community Cash’ must RSVP that they will attend the AGM by April 23 to Pam Pinch (info below). Cranbrook members are invited to take the free shuttle to Sparwood. The shuttle will depart Cranbrook branch parking lot at 5pm sharp.

For more information on the Community Cash Awards please visit: https://www.ekccu.com/Personal/InOurCommunity/CommunityPrograms/EKCPrograms/CommunityCashAward/

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Media Contact
Pam Pinch
Executive Assistant
Phone 250.426.8223 ext. 3361
ppinch@ekccu.com

Background Information

About EKC
EKC was established in 1950 and has grown to over $343 million in assets and serves over 11,480 members throughout the East Kootenay. EKC is a community based financial cooperative that offers a full range of banking, financial planning (EKC MoneyWorks) and general insurance (KIS Ltd) services. Our community branches are located in Cranbrook, Elkford, Fernie, and Sparwood. Please visit us at one of our branches, Facebook https://www.facebook.com/EKCCU or at EKCCU.COM

To see previous award winners:

https://www.ekccu.com/Personal/InOurCommunity/CommunityPrograms/EKCPrograms/CommunityCashAward/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/PressReleases/2019/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/VideoVault/

 

EKC’s Community Cash Awards Returns to the Elk Valley

January 24, 2019

East Kootenay — East Kootenay Community Credit Union (EKC) announces the return to the Elk Valley of their successful Community Cash Awards. The program supports development of healthy and diverse communities. The Community Cash Awards will offer community groups an opportunity to apply for funding while involving EKC members and the community in choosing the award winners.

Community groups are invited to apply for Community Cash Awards by submitting an application form (available at EKCCU.COM) by Monday, March 18. EKC will select six groups to move forward to the next round. The groups selected will promote themselves and their projects in their local branch of EKC from April 8-13.

The finalists will be invited to set up information tables to promote their organization at EKC’s Annual General Meeting taking place in Sparwood on Tuesday, April 30 at the Causeway Bay Hotel. At the AGM, members, and non-members including youth will receive EKC Community Cash to ‘invest’ with one or more of the community groups of their choice. Each of the groups will receive $500 for attending the AGM as well as the real cash equivalent to the Community Cash they accumulate throughout the event. The group who receives the most Community Cash will also receive an additional $500 in funding. This provides a fun and unique way to involve both EKC members and the community in selecting the Community Cash Award recipients. For those whose children do not want to attend the full AGM a family friendly movie will be shown!

Members, the public, supporters and youth who wish to receive more information are invited to stop by their local Elk Valley branch of EKC.

For more information about the Community Cash Awards and to download an application form: https://www.ekccu.com/Personal/InOurCommunity/CommunityPrograms/EKCPrograms/CommunityCashAward/

The 2017 Elk Valley Community Cash Award gave out $7,718 in total. The recipients included:

  • Elkford Search and Rescue
  • Fernie Nordic Society
  • Fernie’s Wildsight Elk Valley Apple Capture and Tool Share Program
  • Sparwood Skateboard Park
  • #279 Elk Valley Royal Canadian Air Cadet Squadron Band Program
  • Elkford Youth Soccer Expansion Project
  • Sparwood Lions Gazebo

All groups did an incredible job raising awareness about the important work they do within the Elk Valley.



2017 recipients were Elkford Search and Rescue for their ‘Avalanche Rescue Plan’

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Program Contact
Pam Pinch
East Kootenay Community Credit Union
Phone: 250.426.8223 local 3361
Email: ppinch@ekccu.com

Media Contact:
Jane Davies
ekccumarketing@telus.net
East Kootenay Community Credit Union
Phone: 250.421.8687

About EKC
EKC was established in 1950 and has grown to over $343 million in assets and serves over 11,480 members throughout the East Kootenay. EKC is a community based financial cooperative that offers a full range of banking, financial planning (EKC MoneyWorks) and general insurance (KIS Ltd) services. Our community branches are located in Cranbrook, Elkford, Fernie, and Sparwood. Please visit us at one of our branches, Facebook https://www.facebook.com/EKCCU or at EKCCU.COM

To see previous award winners:

https://www.ekccu.com/Personal/InOurCommunity/CommunityPrograms/EKCPrograms/CommunityCashAward/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/PressReleases/2019/

https://www.ekccu.com/Personal/AboutUs/MediaCenter/VideoVault/

 

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