Council of Ukrainian Credit Unions of Canada (CUCUC) Appoints New Board of Directors at 2008 Annual General Meeting

Toronto - At the recent Annual General Meeting held on October 25, 2008, 27 representatives of eight Ukrainian Canadian credit unions elected a new Board of Directors as follows:

Olha Zawerucha-Swyntuch – President

(So-Use Credit Union)

Olya Sheweli – Vice President

(United Ukrainian Credit Union)

Oksana Mikouliak – Treasurer

(Buduchnist Credit Union)                

George Wodoslawsky – Secretary

(Ukrainian Credit Union)

Eugene Czolij – Director

(Caisse populaire Desjardins Ukrainienne de Montreal)

Bohdan Halkewycz – Director (Carpathia Credit Union)

Demyan Hyworon – Director

(Carpathia Credit Union)           

Raya Shadursky – Director

(So-Use Credit Union)      

Michael Szepetyk – Director

(Buduchnist Credit Union)

 Supervisory Committee Members also elected are:

Oksana Prociuk Ciz –  Chair

(Buduchnist Credit Union)

Fred Petruck

(Ukrainian Credit Union)

Irena Fedchun

(Ukrainian Credit Union)

Roman Jaworsky

(North Winnipeg Credit Union)

Iwan Terefenko

(St. Mary’s (Toronto) Credit Union)

At this same meeting, the representatives worked through an afternoon of exercises and debates to produce a new vision and mission and identified several potential projects to raise the level of awareness of the value of membership in a Ukrainian Canadian credit union.   The eight credit unions originated for the benefit of Canadians of Ukrainian heritage to access loans and savings without the high service rates imposed by the banks.  The credit unions also provide major support of local community and individual initiatives and support students through scholarship and bursary programs.

One of the Council’s major projects continues to 2010 – Ukraine Project – has helped establish a cooperative movement in Ukraine involving the establishment of hundreds of local credit unions.

Membership in a Ukrainian Canadian credit union does not only provide better financial services to its individual members, but also supports the local initiatives of the Ukrainian Canadian community as a whole.

For more information, visit your local Ukrainian Canadian credit union and pick up a copy of Coordinator – the Council’s yearly publication about its accomplishments and member organizations or call (416) 323-3495 or e-mail cucuc@sympatico.ca