
Spectra Community Foundation Inc.Spectra Credit Union takes pride in investing in the dreams that help our members succeed. For us, community goes beyond business relationships and therefore we support the charities and volunteer organizations that help make our communities strong. In order to share our financial success with the community, the Spectra Credit Union Board of Directors initiated the Spectra Community Foundation that will allow financial sponsorships to be directed to non-profit groups in Spectra's trading area.
Following a successful financial year in 2007, the Board of Directors of Spectra Credit Union opted to allocate $500,000 toward the establishment of Spectra Community Foundation Inc. These funds will be granted to capital projects or designated programming that will enrich our communities.
The Spectra Community Foundation Inc. will be directed by a volunteer Board of Directors from various geographical regions in the Spectra Credit Union trading area. If you are interested in being part of this foundation, please contact your nearest branch of Spectra Credit Union.
Nov 2008 -
In its first year of operation, the Spectra Community Foundation has donated $477,000 to 24 deserving projects. These projects were submitted from 13 separate communities within the Spectra Credit Union trading area.
The Board of Directors of Spectra Credit Union allocated funds in 2007 toward the establishment of Spectra Community Foundation Inc., which received full regulatory approval in May of this year. The funds were intended to be granted to capital projects that will enrich our communities.
Community Foundation Board President, Marty Lelliott stated “The task to select the projects was a large one. The Foundation received a total of 74 applications totaling over $3.6 million in requests. The Foundation Board Members worked through an objective scoring process to select the final recipients. We are pleased with the results of our inaugural allocations, and we feel that the fabric of the communities served by Spectra will be richer for these efforts.”
Following are the 2008 allocation recipients:
City of Estevan
Town of Bienfait
Town of Carlyle – Carlyle School Playground
Town of Carnduff – Town of Carnduff Swimming Pool
Village of Gladmar – Gladmar Regional School
Village of Kenosee - Volunteer Firefighters
Village of Lake Alma - Lake Alma Recreation Board
Town of Lampman - Lampman Recreation Board
Village of Manor - Manor Community Rink
Village of Minton
Town of Oxbow
Town of Redvers
