Thursday, February 13, 2020

UCU is offering six different scholarships to help our student Members reach their academic goals

UCU supports students in our community by continuing to invest in their education. Over the past 10 years, UCU has awarded more than $134,000 in scholarships to post-secondary students recognizing both their academic excellence and their leadership roles within the Ukrainian community and the local community-at-large.

UCU scholarships help offset the rising cost of post-secondary education.

With the cost of post-secondary education skyrocketing including the cost of tuition, textbooks and living expenses, UCU scholarships may help reduce the financial burden many of our students face today.

If you are a student enrolled in a post-secondary institution and a Member of UCU for at least two years, then you are eligible to apply for the UCU scholarship that is geared towards your field of study.

Easy Online Application Process

UCU has simplified the online application process making it easier to apply for one of the six available scholarships.
  1. Select the scholarship that best matches your academic field of study by visiting the Scholarships page on our website.
  2. Follow the step-by-step instructions and upload all required documents
  3. Submit your application by the March 27, 2020 deadline
Please note: The application system is provided by a 3rd party, you will need to create an account before you can apply.

UCU is Now Accepting Applications for Nominations to the Board of Directors.

Ukrainian Credit Union Limited’s Nomination Committee is now accepting applications to fill four positions on the Board of Directors. Nomination Packages are available to download at, or pick up at any UCU branch locations. Completed Nomination Packages must be submitted to UCU Head Office no later than 4:30pm on February 21, 2020, to be eligible for consideration.

The Role

The Nomination Committee is looking for qualified candidates who will support the mission and values of the Ukrainian Credit Union. If elected, the potential Director will play a vital role in furthering UCU’s founding principles to provide exceptional member-driven financial services based on integrity and sound stewardship, to support the activities of the Ukrainian community, and to ensure a sustainable future for the credit union.

In addition to general preparations for monthly Board meetings, each Director is expected to join at least one committee which deals with a specific area of responsibility and oversight. The Director should also be prepared for telephone and on-line consultations when required.


UCU is looking to attract Board candidates who possess a combination of skills and attributes with experience in the following areas:
  • Banking operation, including general, commercial lending, or securitization experience
  • IT systems, security, and project management
  • Commercial real-estate management and development
  • Sales and marketing experience
  • Board governance experience, including strategic planning, human resources, legal, or regulatory compliance experience

·         The ideal Director candidate should also possess the following experience and abilities:
  • At least 5 years of experience in a senior leadership role within an organization that operates in a competitive, regulated, and highly policy-driven environment
  • A high level of business acumen
  • Be well versed in financial and general business knowledge with an understanding of corporate governance issues
  • Build productive business relationships
  • Capable of strategic and innovative thinking

·       Term of Office

During the UCU Annual General Meeting, which will be held on April 21, 2020, in Toronto, UCU members will elect four candidates to the Board of Directors for the following terms.
  • Three Directors will each be elected to a 3-year term
  • One Director - who is ordinarily a resident in the City of Hamilton, the Regional Municipality of Halton, the Town of Caledonia, or the Town of Grimsby - will be elected to a 3-year term

·       Time Commitment

Each Director is expected to attend all mandatory Board and Committee meetings and be prepared to discuss the content of information packages and materials during each meeting. The approximate time commitment of each Director is as follows:
  • Monthly Board Meetings: 3-4 hours, including dinner
  • Committee Meetings:  2-3 hours, generally once per month
  • Strategic Planning Session: 1 full day Saturday in June and October
  • Community Engagement: attend 1 community event per quarter

For more information about the nomination process and application deadlines visit the Board Nominations page on our website.