Credit Union Annual Report 2022 - Flipbook - Page 29
OUR COMMUNITY
Community Support is a very important aspect of what
Credit Unions do. Our Credit Union supports the
community in various ways but in particular through
educational grants, sponsorship of various charitable
events, sports, school programmes, and celebrating with
our members on International Credit Union Day ("ICU Day").
In 2021/2022, a total of $248K was given to support our
community, locally and regionally.
During the financial year, our Credit Union's core principle
of members helping members was demonstrated:
$200,000 in grants from the Rupert McCoy
Educational Grant programme was provided
to 141 members to assist with expenses in
pursuit of their educational goals.
57% of the courses are being studied overseas,
24% are studying locally, and
19% online.
Of the 141 applicants,
60% are pursuing a Bachelor's Degree,
14% are pursuing a Master’s Degree,
8% are pursuing an Associates Degree,
3% are pursuing a Certificate,
10% are pursuing their A levels,
1% is pursuing Technical & Vocational
Certification, and
4% are pursuing their PhDs.
The Credit Union takes pride in providing this financial
assistance and wish the recipients every success in their
future endeavours.
The Credit Union also donated $47,997 to
various charities, sports, school programmes,
and special events.
Annually, the Credit Union adopts and provides support to
a government primary school in the Cayman Islands; this
year, George Town Primary school was selected. The
Credit Union was able to assist all year-three students with
their back-to-school supplies.
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Earth Day Cleanup
Credit Union ANNUAL REPORT 2022