Sharing the Wealth

A $350,000 rebate was paid April 22, 2019 proportionately based on interest paid in 2018 by members on borrowed funds and on interest received in 2018 by members on deposits. Review your April 2019 statement to see how much you earned!

PSCU, its members, employees and affiliated companies have contributed over $220,000 to a large group of organizations since 2012.

Some of our major support has been provided to:
Kids Eat Smart Foundation $42,150
Children’s Wish Foundation NL $29,500
Canadian Cancer Society NL-Daffodil Place $26,000
Young Adult Cancer Canada NL (YACC)-Shave for the Brave $23,025
College of North Atlantic $10,500
Resource Center for the Arts/LSPU Hall $10,000
Canadian Armed Forces Resource Center NL $5,000
Association of New Canadians $5,000
Special Olympics NL $3,600
Single Parents Association NL $3,500
Canadian Cooperative Development Fund $2,500
Skills Canada NL Together by Design $2,500
Easter Seals NL $2,000
Marine Institute $1,500
Funding for these contributions has come from three main sources:
(representing 9.2% of after tax profits)
Members and employees $16,687
Affiliated companies $6,415

Public Service Credit Union adopted a Corporate Social Responsibility (CSR) Program in 2012 to support community organizations in Newfoundland and Labrador.

This CSR program formed partnerships with select charitable organizations throughout our community and approximately $25,000 annually has been directed toward helping these organizations achieve their goals. It has been a tremendous success on a number of levels including building a strong presence as a business that is truly invested in the betterment of its community and fostering a strong sense of pride among Members, Board and Employees that the PSCU was actually making a positive notable difference.

Since 2012 the PSCU has supported and fostered strong partnerships with community groups and charitable organizations. We have established ongoing commitments to: the health care sector, Canadian Cancer Society NL Daffodil Place, Young Adult Cancer Canada (YACC), Children’s Wish Foundation; bursaries and scholarships at both Memorial University-Marine Institute and College of the North Atlantic; support to Kids Eat Smart School Breakfast Programs; the arts community, the Resource Center for the Arts/LSPU Hall; Easter Seals, Canadian Armed Forces Resource Center, Special Olympics and many other organizations.

PSCU’s goal is to provide support and to build partnerships with our community groups as we assist in achieving their goals.


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