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July 2021

Prospera Credit Union announces $500,000 donation to local communities

Prospera’s grant application for charity partners is now open

Surrey, BC: Prospera Credit Union donated $500,000 last month to its newly named Prospera Foundation (formerly known as the Westminster Savings Foundation). This donation brings its total assets under management above $10 million, making it now one of the largest credit union foundations in Canada.

The Foundation supports local charitable projects and programs that focus on local business, preventative health and education in the communities around BC in which Prospera operates. As proud sponsors of local.

The Foundation recently put out a call to local charities who are seeking investment in community programs. The summer grant application cycle will offer funding to programs and projects from registered charities across the province.

TJ Schmaltz, President of the Prospera Foundation and Chief Legal and People Officer at Prospera, notes this donation cements the importance of investing in our communities. “We’re always looking for ways to make our local neighbourhoods healthier and more inclusive places to live. The Prospera Foundation has the power to make a real impact to many lives and we couldn’t be more thrilled to partner with local partners who are advocates in their communities.”

Since 1992, the Foundation has distributed $4.8 million towards supporting local communities. Current partnerships include the Central Okanagan Food Bank, the Canucks Autism Network, and Special Olympics BC, which recently created a new platform to connect and uplift athletes, coaches, volunteers and families through the pandemic.

“The Foundation’s generous support has made a huge difference for Special Olympics BC. Many people with intellectual disabilities have felt the pain of exclusion long before the pandemic, and many of them lost their main source of social connections when SOBC programs had to pause. Their support helped us ensure that athletes continue to feel connected and allowed us to develop resources so athletes can maintain their training and health at home” says Dan Howe, President and CEO of Special Olympics BC.



Summer grant applications close July 30. If you know any local charities that could use funding, please encourage them to apply online for a partnership. For more information about the Prospera Foundation and grant application details, please visit  prospera.ca


About Prospera Credit Union
Built on over 75 years as a BC credit union, Prospera Credit Union is a community based, purpose-driven organization that offers a full range of financial products and services. Prospera is British Columbia’s third-largest credit union, with $9 billion in assets and 120,000 members. With 28 branches, Prospera is proud to serve communities from Vancouver, through the Fraser Valley, and to the Okanagan. Supporting local business through targeted and meaningful investments is a key part of Prospera’s vision.

To learn more about Prospera Credit Union, visit prospera.ca

Media Contact:

Jessica Thiessen, Manager, Communications

mediarelations@prospera.ca