GENERAL REPORT - Osoyoos Credit Union
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2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
ANNUAL
2019
GENERAL
REPORT
Initially Delivered at Annual General Meeting
Wednesday, June 17, 2020
Committed to Community
Osoyoos Credit Union is the financial institution of choice
with competitive products, professional personal service and a community focus.
—1—
OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT 2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
74 years behind us
— and still growing
I
N 2021, OSOYOOS CREDIT UNION will celebrate its
75th anniversary — and we’ll be doing pretty much
what we’ve been doing for the last 74 years.
We’re embracing our quest to be not only the
OCU celebrates opening
financial institution of choice for the Osoyoos
community but also a corporate and community leader.
The Osoyoos Credit Union has come a long way
from its humble beginnings in 1946 — when just
of Rock Creek branch
18 members turned out for its first annual general
meeting.
A
Now with more than 3,500 members throughout
FTER MONTHS OF WORK, Osoyoos Credit Union Before OCU arrived, people would often have to drive the South Okanagan and West Boundary, OCU is not
opened its second location to the public — 50 km to other nearby communities to get physical access to only the independent financial institution of choice in
east of Osoyoos in Rock Creek. banks and other financial institutions. Osoyoos but also a community leader.
As the credit union’s first-ever expansion That all changed with the the incorporation of the In 2019, we added a second location, setting up a co-
to another location, this was a big milestone West Boundary Community Services Co-operative operative in Rock Creek that provides banking services
many within the community are celebrating. Association in February 2019. Shortly thereafter, OCU to that community and other resources richly received
The newly constructed Riverside Centre is offering and the Rock Creek Farmers Institute purchased land by the Rock Creek community.
in- branch services two days a week — and a whole lot for the Co-op and planning and construction of the Over 74 years, we’ve dedicated ourselves to a
more. Riverside Centre was underway. consistent commitment to our members and people
“We’ve been able to engage the community as a There’s also room on the property for two additional before profits.
whole and go back to our co-operative roots,” says OCU buildings, including potential retail space for local
CEO Greg Sol.
The money invested in the Osoyoos Credit Union
commercial enterprises.
is returned to the community through member
The Riverside Centre boasts many features that are Staff at OCU Rock Creek will be able to help members
great for the local community, including space and patronage and dividends and through commitment to
with account services like opening accounts, lending,
shared resources for other community partners, high- investments, and savings products like Registered
many local organizations and charities.
speed fiber-optic Wi-Fi and an electric vehicle charging Retirement Savings Plans (RRSPs) and Tax- Free Savings We’ve continued to live up to our Together We’re
station. accounts (TFSAs) at this new location. Better mantra, our staff providing community service,
The branch fills a longstanding need in the Rock For additional convenience, a new ATM is available our organization committing financial resources,
Creek community — it’s been ninety years since the outside the building for people to access teller services time and energy to local causes and our combined
community has had financial services available locally. like deposits, withdrawals, balance inquiries and so on. membership, management and team working together
to build a better future for Osoyoos.
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OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT 2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
TABLE OF CONTENTS CEO’s Report to the Membership
O
CEO’s Report to the Membership . . . . . . . . . . . . . . . . 4
Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SOYOOS CREDIT UNION had a successful and To meet our high standard of professional and community
Business Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 productive year in 2019 — one in which our efforts service, we have empowered OCU employees to take action to
continued to be focused on fulfilling dreams for our ensure our core values are maintained.
Independent Auditor’s Report . . . . . . . . . . . . . . . . . . 8 members while ensuring we remain the heart of co- This includes providing each and every team member with the
Financial Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 operative finance in the region and creating enduring authority to make decisions commensurate with their jobs and
OCU in the Community . . . . . . . . . . . . . . . . . . . . . . . 12 legacies by maintaining core organizational values. skills and developing skill sets that ensure they provide sound
We don’t just talk about values; we live them every day. financial advice every time they interact with a member.
As we reflect on our future, how we interact with and advise We want our team members to be proud of the work they do,
The Annual Report is available on the Osoyoos committed to owning up to mistakes — and learning from them
our members today will set the stage for future years as those
Credit Union’s website at ocubc.com relationships strengthen and as our employees work with our — and maintaining a sense of responsibility for understanding and
members to create and achieve their financial goals. filling in knowledge gaps.
For further information, contact: I’m happy to report that OCU team members do take pride in the
Certainly, changing conditions in 2020 make that even more of a
work they perform. This pride is manifest in a collective capacity
Greg Sol, CEO priority for us. to complete tasks fully and accurately, ensuring positive personal
8312 Main Street Community is the heart of Osoyoos Credit Union, which is why presentation daily, and being responsible for their actions.
Osoyoos, BC V0H 1V0 we continue to invest locally in so many ways. Our team culture is built on collaboration. This allows the OCU
Ph. 250.495.6522 | Fax. 250.495.3363 In 2019, we continued our annual Community Giving fund, which team members to make unique choices — and respect the unique
includes a review of submissions in April and November, followed choices of others — knowing that standing together in this effort
Email. contact@ocubc.com creates great organizational strength.
by upwards of $50,000 in grant funding.
We encourage non-profit, service clubs and good causes of all It is this organizational strength and commitment to core values
kinds to review our program posted on our website. that will sustain OCU through this current difficult period. In fact, it
allows us to do more, to turn the challenges into opportunities to
Another way we supported our community was by remaining
improve our service and dedication to our membership, partners
a living wage employer. This is an initiative that ensures workers and others with whom we do business.
receive wages that provide the resources to help their families Thank you for your support and trust in us through 2019.
meet their basic needs. Together, we will build a brighter tomorrow, even as things are
We continue to encourage partner organizations, members and difficult. Together we truly are better.
other businesses in the community to provide similar programming Greg Sol
Osoyoos Credit Union and help their employees also build a healthy and vibrant lifestyle. Chief Executive Officer
is a Living Wage Employer
O OCU’s Board
SOYOOS CREDIT UNION is proud to announce
that we are certified as a Living Wage Employer!
A Living Wage Employer is an organization
of Directors
that provides a “living wage rate” to its
employees that reflects the “true costs of living
in a community and that parents can earn what they need
to support their families.” Pat Wycherley Leo Callarec Alan Bajkov Richard Douziech Kathryn Gudewill
As Living Wage Employers, we not only meet the
Osoyoos Credit Union is governed by a volunteer board of
requirements of providing a “living wage,” but we also
directors elected by membership. Directors are engaged in general
strive to do business with other social enterprises
and specific duties, including attending regular board meetings and
wherever possible to help reduce poverty in our more occasional committee meetings.
communities.
With an emphasis on the local economy, our directors strive to
In 2019, OCU paid out almost $1.55 million in employee represent those who elected them by meeting members’ needs
salaries and beniefts, income that for the most part was through the friendly and local resources an independent credit
invested back into the community. That was an increase of union can provide.
almost $150,000 from 2018. In 2019, OCU’s Directors received a combined $30,387 in
compensation.
Thomas Martin Zachary Poturica Diane Thomas Kevin Nelson
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OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT 2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
Business Analysis Business Analysis
HIGHLIGHTS
A
LTHOUGH financial institutions loans all up significantly (7.55%) from the
provide information in table previous year.
format, the numbers do not In total, Loan Receivables had a net
always provide the full story of
an organization’s performance. carrying value of $84,869,589 in 2019, up
This business analysis is a supplement from $73,891,006 the previous year.
to the provided financial statements, Member Deposits
offering an improved view of Osoyoos
Credit Union’s performance in 2019 and Member Deposits increased to
additional explanation where warranted. $135,057,076 from $130,654,117 in 2018,
At the beginning of 2018, the credit the largest share of that increase coming
union adopted new or revised standards in Term Deposits. increasing more than
substantially different from those it $4.8 million to $47,207,546.
previously used. Demand Deposits account for
This new standard fundamentally alters $63,187,622 of total deposits, down from
the classification and measurement of
financial assets subsequent to initial $65,513,793 in 2018.
Beyond the Numbers Term Deposits
I
Registered plans are included in year for the lending department with all
recognition, including impairment and
Member Deposits – these include of the lenders exceeding their individual
incorporates a new hedge accounting Due by Mar. 31, 2020 824,500
F 2020 WILL BE REMEMBERED as lending targets for the year.
model. retirement savings plans, retirement
a year of continuous adaptation, Members are receiving a high level Due April 1 - Dec 31, 2020 3,249,430
For additional explanation of these income funds, educational savings plans,
2019 will be recalled as providing of service and quality advice from our
changes, please contact OCU staff to and tax free savings accounts. Due on or after January 1, 2021 15,049,852
opportunity to develop the skills lending team. The increase in lending
arrange for a personal consultation.
Osoyoos Credit Union management volume did not negatively impact our Accrued Interest 144,614
Member Equity delinquency in any way with delinquency
Financial Performance As a condition of membership, which is
and staff would need to maintain
rates remaining very low. Total 19,268,396
resiliency through the challenges to come.
required to use the services of the Credit Staff education continued to be a key
The Credit Union’s total assets The Bank of Canada rate remained
area of focus as staff completed various Portfolio Investments
Union, each member is required to hold a unchanged in 2019, however both deposit
increased to $146,352,155 in 2019, courses and topic-specific training in Commercial Bonds 31,371,266
up from $141,892,358 — or 3.04% certain amount of membership shares. and lending rates declined slightly.
addition to their required compliance
— from 2018. This increase is also an OCU paid out $36,581 in dividends on That resulted in a lot of uncertainty in courses. Accrued Interest 172,401
improvement from 2017, when assets Members’ shares. the market with forecasts of a possible
The movement towards having an Total 31,543,667
totalled $144,822,045 at year’s end. recession, in the near future.
Operating Expenses Account Manager assigned to individual
Deposit growth proved to be rather Equity Instruments
Cash Position members has required staff to fill their
The Credit Union’s operating expenses challenging in a low-interest rate knowledge gaps in areas where they were
The Credit Union’s cash position environment, a situation we overcame by Central 1 Shares (Class A) 51,146
declined in 2019, falling to $5,245,911 in 2019 increased about $335,000 from less familiar.
2018. introducing a new investment option for We came into 2020 with a team of well- Central 1 Shares (Class E) 35
from $7,795,913 the previous year.
our members by providing access to Index educated, knowledgeable and caring staff Central 1 Shares (Class F) 528,923
Cash is defined as cash on hand, The largest increases were in operating Linked Term Deposits.
deposits with Central 1 Credit Union Ltd. and Administrative Expense (up $223,517) that take pride in their work and in the Stabilization Credit Union Shares 141
The new option gives members the relationships that they are building with
and balances held within investment and Employee Salaries and Benefits (up CUPP Services Ltd.
option of investing in the market while their members. 43,194
portfolios. $149,813). guaranteeing their principal investment. Cross training efforts with our teller Truvera Mortgage Investment 1,600,000
Member Loans In 2019, a substantial amount of time team were very successful with tellers
Net Income and effort was invested in growing the
West Boundary Community Services 1,000
Outstanding member loans increased now being able to perform many more
in 2019, with commercial and residential Net income for 2019 totaled $261,261, skills of our lenders and the results speak tasks on the front line to assist our Total 2,224,439
mortgages and commercial and consumer down from $323,003 in 2018. for themselves: it was a very successful members.
74
Number of Years
4,128
Number of Members
$135.1m
Member Deposits
$185,457
Amount Paid in Patronage
$146.5m
Osoyoos Credit Union
$261,261 Net Income
OCU has operated in Osoyoos in 2019 in 2019 and Dividends in 2019 Assets in 2019 in 2019
—6— —7—
OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT 2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
Auditor’s Report Financial Position
To the Members of the Credit Union’s ability to continue as a and related disclosures made by
Osoyoos Credit Union
W
going concern, disclosing, as applicable, management.
Osoyoos Credit Union:
E HAVE AUDITED the
matters related to going concern nd using
the going concern basis of accounting unless
• Conclude on the appropriateness
of management’s use of the going Consolidated Statement of Financial Position
management either intends to liquidate the concern basis of accounting and,
financial statements of
Credit Union or to cease operations, or has based on the audit evidence obtained, As of December 31, 2019, with comparative information for 2018
Osoyoos Credit Union (the
“Credit Union”), which no realistic alternative but to do so. whether a material uncertainty exists
comprise the statement Those charged with governance are related to events or conditions that 2019 2018
of financial position as at December 31, responsible for overseeing the Credit may cast significant doubt on the Osoyoos Credit Union is
2019, and the statements of comprehensive Union’s financial reporting process. Credit Union’s ability to continue Assets incorporated under the Credit Union
income, changes in members’ equity and as a going concern. If we conclude Cash 5,245,911 7,795,913
Auditor’s Responsibilities for the that a material uncertainty exists,
Incorporation Act of British Columbia
cash flows for the year then ended, and Investments (Note 5) 53,071,502 56,679,940 and is a member of Central 1 Credit
Audit of the Financial Statements we are required to draw attention
notes to the financial statements, including Members’ loans receivable (Note 16) 84,869,589 73,891,006 Union Limited.
in our auditor’s report to the
a summary of significant accounting policies. Our objectives are to obtain reasonable Income taxes recoverable (Note 6) 9,606 -
related disclosures in the financial The Credit Union operates as
In our opinion, the accompanying assurance about whether the financial statements or, if such disclosures are Advances to related party 70,000 -
financial statements present fairly, in all statements as a whole are free from Property, plant and equipment (Note 7) 2,585,381 2,714,625
one operating segment in the
inadequate, to modify our opinion. loans and deposit taking industry
material respects, the financial position of material misstatement, whether due to Our conclusions are based on the audit Intangible assets (Note 8) 120,115 177,973
the Credit Union as at December 31, 2019, fraud or error, and to issue an auditor’s evidence obtained up to the date of Other assets (Note 9) 136.405 202,280 in British Columbia. Products and
and its financial performance and its cash report that includes our opinion. Reasonable our auditor’s report. However, future Investment property (Note 10) 423,646 430,621 services offered to its members
flows for the year then ended in accordance assurance is a high level of assurance, but events or conditions may cause the include deposit products,
with International Financial Reporting is not a guarantee that an audit conducted Credit Union to cease to continue as a 146,532,155 141,892,358
Standards. loan products and registered
in accordance with Canadian generally going concern.
accepted auditing standards will always Liabilities investment products.
Basis for Opinion • Evaluate the overall presentation,
detect a material misstatement when it structure and content of the financial
Member deposits (Note 12) 135,057,076 130,654,117 The consolidated financial
We conducted our audit in accordance exists. Misstatements can arise from fraud statements, including the disclosures, Income taxes payable (Note 6) - 50,007 statements of the Credit Union as
with Canadian generally accepted auditing or error and are considered material if, and whether the financial statements Other liabilities 508,285 329,990 at and for the year ended Dec. 31,
standards. Our responsibilities under those individually or in the aggregate, they could represent the underlying transactions Derivative financial instruments (Note 11) 32,350 -
standards are further described in the
2019, comprise the Credit Union
reasonably be expected to influence the and events in a manner that achieves Deferred tax liabilities (Note 6) 76,258 55,977
Auditor’s Responsibilities for the Audit of economic decisions of users taken on the and its wholly owned subsidiary
fair presentation. Patronage dividends payable (Note 13) 106,135 187,017
the Financial Statements section of our basis of these financial statements. We communicate with those charged Member shares (Note 13) 1,238,516 1,346,591 OCU Wealth Management Services
report. We are independent of the Credit As part of an audit in accordance with with governance regarding, among other Ltd. Together, these entities are
Union in accordance with the ethical Canadian generally accepted auditing matters, the planned scope and timing of 137,018,620 132,623,699 referred to as the Credit Union.
requirements that are relevant to our audit standards, we exercise professional the audit and significant audit findings,
of the financial statements in Canada, Commitments (Note 17) The Credit Union adopted
judgment and maintain professional including any significant deficiencies in
and we have fulfilled our other ethical skepticism throughout the audit. We also: amendments to the following
internal control that we identify during
responsibilities in accordance with these • Identify and assess the risks of material our audit. Members’ equity
standards, effective Jan. 1, 2017.
requirements. We believe that the audit misstatement of the financial statements, Member shares (Note 13) 224,743 238,277 Adoption of these amendments
evidence we have obtained is sufficient whether due to fraud or error, design had no effect on the Credit Union’s
and appropriate to provide a basis for our Retained earnings 9,288,792 9,030,382
and perform audit procedures responsive consolidated financial statements.
opinion. to those risks, and obtain audit evidence 9,513,535 9,268,659
that is sufficient and appropriate to
• IFRS 10 Consolidated financial
Responsibilities of Management provide a basis for our opinion. The risk Chartered Professional Accountants 146,532,155 141,892,358 statements;
and Those Charged with of not detecting a material misstatement March 4, 2020 • IFRS 11 Joint arrangements;
Governance for the Financial resulting from fraud is higher than for • IFRS 12 Disclosure of interests
one resulting from error, as fraud may Approved on behalf of the board in other entities;
Statements involve collusion, forgery, intentional
Management is responsible for the omissions, misrepresentations, or the • IAS 1 Presentation of financial
preparation and fair presentation of override of internal control. statements;
the financial statements in accordance • Obtain an understanding of internal • IAS 16 Property, plant and
with International Financial Reporting control relevant to the audit in order equipment;
Standards, and for such internal control to design audit procedures that are
as management determines is necessary appropriate in the circumstances, but not • IAS 27 Separate financial
to enable the preparation of financial for the purpose of expressing an opinion Pat Wycherley Thomas Martin statements;
statements that are free from material on the effectiveness of the Credit Union’s Director Director • IAS 38 Intangible assets.
misstatement, whether due to fraud or internal control.
error. • Evaluate the appropriateness of
In preparing the financial statements, accounting policies used and the
management is responsible for assessing reasonableness of accounting estimates
—8— —9—
OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT 2019 ANNUAL GENERAL REPORT OSOYOOS CREDIT UNION
Financial Position Financial Position
Statement of Comprehensive Income Statement of Cash Flows
For the year ended December 31, 2019 For the year ended December 31, 2019
2019 2018
2019 2018
Cash provided by (used for) the following activities
Interest revenue Operating activities
Interest on member loans 3,078,911 2,856,280 Interest received from members’ loans 3,118,972 2,627,746
Interest on investments and deposits 1,812,203 1,599,828 Interest and dividends received from investments 1,868,028 1,791,908
Fees, commissions and miscellaneous income received 404,512 373,167
4,891,114 4,456,108 Cash paid to suppliers and employees (2,709,483) (2,404,062)
Interest paid on deposits (1,294,417) (1,236,035)
Interest expense
Patronage and dividends paid (185,457) (168,124)
Interest on member deposits 1,691,288 1,547,711 Income taxes recovered (paid) (126,107) 27,650
Net interest income 3,199,826 2,908,397 1,076,048 1,012,250
Impairment losses on member loans (Note 16) 4,319 22,983 Financing activities
Financial margin 3,195,507 2,885,414 Net change in member deposits 4,180,141 (3,630,410)
Capital Management Other income 461,215 416,016
Net change in member shares (121,610) (109,979) Credit facilities
In managing its capital, the Credit 4,058,531 (3,740,389) The Credit Union has available
Union’s primary objective is to ensure 3,656,722 3,301,430 to it, through Central 1, a $750,000
it maintains adequate liquidity to Investing activities CAD and $250,000 USD demand
Operating expenses Net change in members’ loans receivable (11,018,644) 2,006,368 operating line of credit secured by a
meet its financial obligations, make
Amortization of intangible assets (Note 8) 61,740 67,236 Advances to related party (70,000) - demand debenture and the general
necessary capital purchases and
Deposit insurance 149,759 114,030 Purchases of investments - (127,886) assignment of book debts.
support ongoing business. Proceeds on disposal of investments 3,430,032 -
The Credit Union monitors and Depreciation of property, plant and equipment (Notes 7 and 10) 123,474 115,754 The outstanding balance at
Purchases of property, plant and equipment (20,969) (119,802) December 31, 2019 was nil.
assesses its financial performance Director and committee expense 41,700 27,175 Purchases of intangible assets (5,000) (17,520)
to ensure it is meeting its objectives. Distribution to members (Note 13) 103,284 182,875
(7,684,581) 1,741,160 The Credit Union had the following
The Financial Institutions Act Employee salaries and benefits 1,568,730 1,418,917 member deposits at end of year:
(British Columbia) requires the Occupancy and equipment 114,023 124,588 Decrease in cash resources (2,550,002) (986,979)
Credit Union to maintain, at all Cash resources, beginning of year 7,795,913 8,782,892 Demand Deposits
Operating and administrative expense (Note 14) 1,079,451 855,934 2019 2018
times, a capital base which is
Cash resources, end of year 5,245,911 7,795,913
adequate in relation to the business 3,242,161 2,906,509 63,187,622 65,513,793
carried on. Term Deposits
The level of capital required is
based on a prescribed percentage
Operating income
Other expense
414,561 394,921
Statement of Changes in Members’ Equity 2019 2018
47,207,546 42,382,348
of the total value of risk weighted Loss on disposal of property, plant and equipment - (48,832) For the year ended December 31, 2019
Registered Plans
assets, each asset of the Credit Loss arising from decrease in fair value of derivative financial instrument (32,350) - Accumulated
Union being assigned a risk factor
other
Member Retained comprehensive
2019 2018
Impairment loss on property, plant and equipment and intangible assets (34,175) -
based on the probability that a loss shares earnings loss Total equity 23,878,938 22,197,160
may be incurred on the ultimate Income before income taxes 348,036 346,089 Dormant Accounts
Balance December 31, 2017 207,740 8,554,661 (311,115) 8,451,286
realization of that asset. 2019 2018
Provision for (recovery of) income taxes (Note 6) Comprehensive income - 323,003 - 323,003
The Credit Union considers its Distribution to members - (4,142) - (4,142) 29,851 28,515
capital to include membership Current 66,494 67,347
Net issuance of member shares 30,537 - - 30,537 Non-equity Shares
shares (member shares and Deferred 20,281 (44,261)
Impact of initial application of IFRS 9 - 156,860 311,115 467,975 2019 2018
investment shares), and undivided 86,775 23,086 32,524 34,524
earnings. Balance December 31, 2018 238,277 9,030,382 - 9,268,659
Comprehensive income - 261,261 - 261,261 Accrued Interest
There have been no changes in Net income 261,261 323,003
what the Credit Union considers to Distribution to members - (2,851) - (2,851) 2019 2018
Other comprehensive income for the year - -
be capital since the previous period. Net issuance of member shares (13,534) - - (13,534) 720,595 497,777
Total comprehensive income for the year 261,261 323,003
Balance December 31, 2019 224,743 9,288,792 - 9,513,535
— 10 — — 11 —
OSOYOOS CREDIT UNION 2019 ANNUAL GENERAL REPORT
Highlighting OCU’s team
2019 proved yet again community activities
• In May, some of our staff participated in
‘together we’re better’
the Hike for Hospice to support Desert
Valley Hospice.
• In June, we rounded up 30 riders to
participate in the Big Bike Ride for Heart
O
and Stroke Foundation. Collectively, we
raised more than $2,200.
• In July, we sponsored a Hole in One
SOYOOS CREDIT UNION community can make such a difference Prize at the Osoyoos Rotary Golf
STAFF are proud to be a part and we are proud to do so. Tournament. We also handed out
of an amazing community. freshly popped popcorn and gave
We work among the Our Staff Volunteer Program everyone a chance to win a wine basket
friendliest, most considerate We took community support to the next with two bottles from Adega on 45th
level and implemented a Staff Volunteer Estate Winery!
and generous people.
Program in 2019. • In August, we organized a barbecue
With fresh fruits brought in to us during Fundraiser for one of our own staff
the summer, wine throughout the year Staff were encouraged to volunteer member, Russell Comerford, who was
and baked goods brought in from across in our community and schedule time raising money for the Ride to Conquer
the border, we are truly blessed to be off from work or take time off in lieu if a Cancer in honour of his mother. We
thought of and appreciated so often. volunteer opportunity was on a day off to raised $1,800 in five hours thanks to
a maximum of seven hours over the year. our hungry supporters! Russell rode
Our members think so much of us and 200 km in two days — and came to
every day we think so much of them — Our OCU team was able to share their work the following Tuesday.
and the community in which we live and knowledge, skills and time with the • We spent August 1 at Area 27 Racetrack
work. following organizations: to support and bring awareness to
Community is one of the four core • Desert Valley Hospice Society-Hike ONSN Child & Youth Development
values that we strive to live by at work for Hospice; Center.
with the people we help and at home • In September at the Rock Creek Fair, we
• Heart & Stroke Foundation-Big Bike participated as a sponsor and had our
with our family and friends every day. Ride; event tent set up to highlight our new
We want to thank everyone in our • Osoyoos Secondary School Drama location at the Riverside Centre in Rock
community for supporting their credit Club; Creek.
union with personal and business banking • In mid October our Board of Directors
needs. That allowed us in turn to support • South Okanagan Association for hosted a barbecue for our community
our community with our Community Integrated Community Living; to celebrate our International Credit
Giving Fund, Staff Volunteer Program and • Osoyoos Secondary School Union Day and the impact the credit
unions have to the community.
complimentary use of our OCU Event Breakfast Club;
• Later in October, we celebrated our
Trailer. • Osoyoos Elementary School Junior sixth annual Trick or Treat Main Street
Together, we’re better! Curling; with our Toy Story Theme. We captured
more than 175 moments for about 200
Community Giving Fund • Osoyoos & District Arts Council; children and parents-dressed up for the
In 2019, we decided that we wanted • Osoyoos Rotary Club; event! Everyone received a copy for
to meet the community members who • Ride to Conquer Cancer-BBQ their memory book.
• In November, to celebrate our
make Osoyoos and our nearby districts so Fundraiser and Oliver Twist Car Customer Appreciation Day, our staff
great — from Rock Creek to the east and Show Fundraiser; and rolled up our sleeves and baked goodies
Princeton to the west. • Junior Achievements BC-Financial for our members to enjoy with their
We decided as a team that we Literacy Programs presented to coffee and hot chocolate before the
wanted to meet the people who make Osoyoos Secondary School, Osoyoos Christmas Light Up show on Main St.
a difference in our community when Elementary School, Greenwood • In late December, we sponsored the
they are the successful recipients of our last hockey game of the year for the
Elementary and Midway-Boundary Osoyoos Coyotes! We brought bam-
Community Giving Fund. Secondary School. bam sticks to give away, threw in $150
We wanted to learn more about their in loonies during the Loonie Scramble
purpose and the impact they make in our Our OCU Event trailer and provided the fans a chance to win
community. With the complimentary rental the prize at Toss a Puck onto the ice.
We all took turns to go out to the And to top off the event, everyone
equipment including a barbecue, two full attending had a chance to win a New
organizations and meet their volunteers propane tanks, popcorn machine, three Year Celebration basket loaded with
and presented their gift from our tables and tent, our OCU Event Trailer goodies!
Community Giving Fund. was out in the community to help with 17
A collective $50,000 we give back to our events in 2019.
— 12 —
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