Khalsa Credit Union donates $105,000 to the community
IN keeping with its mission and commitment to care about the good and welfare of the community and support education, culture and religious activities, Khalsa Credit Union (KCU) returns 10% of its net income to various causes each year. For 2016, the total contribution is $200,000.
The cold weather being experienced in the Lower Mainland has resulted in the Corporate Social Responsibility (CSR) Committee of KCU deciding to provide funding for the homeless and less fortunate as follows:
* $14,500 to three shelters, Abbotsford Community Services and Surrey Memorial Hospital in the Lower Mainland for grocery hampers, blankets, bedding, pants, shirts, Jackets, and socks.
* $90,000 to Sikh schools in support of Sikh education in line with KCU’s mission statement.
“During 2016 KCU celebrated its 30th anniversary with a variety of initiatives including scholarships, bursaries, sponsorships, and Community Service Awards,” said Board Chair Harinder Singh Sohi. “At a time when individual giving is down we are pleased to step up our donations on a corporate level and give back to the many communities we serve”.
Chief Executive Officer Dalbir Singh Mehta added, “The management and employees of KCU regularly volunteer their time to help others and we are very grateful to work for an organization that embodies the spirit of people helping people”.
KCU is a full-service credit union with assets exceeding $412 million, nearly 15,000 members and five branches located in Vancouver, Victoria, Surrey (two) and Abbotsford with a sixth branch scheduled to open at 128th Street and 80th Avenue in Surrey in early 2017.
KCU is also very active in providing commercial mortgages and has a centralized department that specializes in taking excellent care of the business borrowing needs of members. KCU thanked its members and its communities for their continued support and wished everyone a Happy New Year.
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