Libro Financial Group has invested $444,356 – five per cent of its profits – back into southwestern Ontario by awarding seventeen youth-initiated community projects with grants which will fund valuable programs and initiatives to support the people and communities in the region.
The grants were awarded to the youth projects through Libro’s Community Builder Program, which supports community development projects that provide youth, up to the age of 25, the opportunity to develop career and leadership skills.
“The Community Builder program not only strengthens our communities by funding valuable projects and causes, it also provides exciting opportunities for our youth,” said Kelly McEachen, Chair of Libro’s Community Investment Advisory Panel. “We hope to foster confident young leaders who are also focused on community, and over time build more vibrant and prosperous communities.”
Libro awarded six Community Builder corporate grants and eleven branch grants this year. The grants are funded using 5 per cent of Libro’s pre-tax and pre-dividend profit each year. Since 2005, when the program first launched, Libro has contributed more than $3.5 million to local youth-initiated projects across southwestern Ontario.
“As a credit union, our staff, customers and our communities are at the centre of what we do,” said Tania Goodine, VP Brand, Libro Financial Group. “By involving staff and elected owner representatives in the evaluation process, we ensure the grants reflect the priorities of our customer-owners and their communities.”
