Mr. Speaker, the Saskatoon Credit Union was named winner of the 14th annual Credit Union Award for Community Economic Development at the May 8 gala banquet held in Victoria, B.C. during the Canadian Conference for Credit Union Executives. The Saskatoon Credit Union was recognized for its numerous community development initiatives.
It has committed $2 million in mortgages over five years to several affordable housing initiatives, primarily those managed by Quint Development Corporation. The Saskatoon Credit Union has also invested $675,000 in a micro-loan program for small businesses. Among other initiatives is the credit union's work with environmental groups and organizations helping support disadvantaged youth. The Saskatoon Credit Union has become involved in organizations such as circus arts for inner city kids.
As the award was presented to Paul Wilkinson, president of the Board of the Saskatoon Credit Union, it was stated that:
The Saskatoon Credit Union clearly demonstrates the credit union's commitment to play a leading role in promoting the social and economic needs of less advantaged community members and groups in Saskatchewan.