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Interview with:

Taras Rohatyn of the UNF Foundation on Class A Shares

UCU 75th Anniversary Class ‘A’ Shares – available exclusively to UCU Members including charitable organizations

These shares offer individuals, small business owners, and charitable organizations a unique opportunity to invest in Canada’s largest Ukrainian Credit Union†

The purchase of UCU 75th Anniversary Class ‘A’ Shares is not limited to individual Members – Charitable Foundations may also buy the Special Edition Shares

Charitable organizations may purchase UCU 75th Anniversary Class ‘A’ Shares as part of a long term investment strategy that could pay the charity a higher rate of return than a UCU issued 5-year term deposit.

The Ukrainian National Federation Foundation Board of Directors to discuss the purchase of UCU 75th Anniversary Class ‘A’ Shares during their next Board meeting

During the next Board meeting, the UNF Foundation Board of Directors will discuss the benefits of purchasing UCU 75th Anniversary Class ‘A’ Shares as an investment vehicle to further grow the Foundation’s assets. The potential purchase of the Class ‘A’ Shares will also support the Ukrainian Credit Union by adding to UCU’s Regulatory Capital in order to provide for future growth, development, and stability of the credit union.

A conversation with UNF Foundation Board of Directors Chair Taras Rohatyn about the Foundation’s upcoming discussion to invest in UCU.

What is The Ukrainian National Federation Foundation’s Mission? 

The Ukrainian National Federation Foundation has been supporting Ukrainian organizations and charities in Canada since 1978. For over 40 years, the UNF Foundation has provided financial grants to many Ukrainian educational, cultural and recreational organizations in Canada including Ridna Shkola, Children’s Day Camps, scholarship events, educational programs, folk dance groups, choirs, musical ensembles, libraries, museums, and seniors’ clubs, just to name a few.

Why is the UNF Foundation Board of Directors considering buying UCU 75th Anniversary Class ‘A’ Shares?

The UNF Foundation Board of Directors has a fiduciary responsibility to protect the assets of the Foundation and to ensure those assets be used to further the UNF Foundation’s mission.  

Ten years ago, our Board of Directors voted to implement a prudent investment policy that would provide a solid long term return on its investment with minimal risk to the Foundation’s assets. The plan included investing in a financial institution that had a long-standing history of financial success, preferably in the Ukrainian-Canadian community. 

We chose to invest in the Ukrainian Credit Union because it continued to produce very impressive financial results, and as a result, the Board voted to buy UCU 65th Anniversary Shares. During our next Board meeting, the UNF Foundation Board of Directors will consider the purchase of UCU 75th Anniversary Class ‘A’ Shares with the goal to grow UNF Foundation’s assets and to ensure the Foundation’s operations and activities use the assets to further its mission.* 

How would the potential purchase of UCU 75th Anniversary Class ‘A’ Shares benefit the UNF Foundation?

This is the UNF Foundation’s second financial investment. Our first investment purchase was 10 years ago when the Board of Directors voted to buy UCU 65th Anniversary Series Shares which proved to be a solid investment for our Foundation. UNF Foundation has been the recipient of significant returns by way of annual dividends on the UCU 65th Anniversary Series share purchase and as a result, the Foundation has been able to invest these proceeds into our Ukrainian-Canadian community along with other donations its receives from personal and corporate donors.*  

Based on the strength and profitability of UCU, the UNF Foundation Board of Directors is considering the purchase of the 75th Anniversary Class ‘A’ Shares and is hopeful the Shares would produce a similar rate of return for our Foundation.

More information about UCU 75th Anniversary Series Class ‘A’ Shares can be found on the Class A Share page and on the Class A Share FAQ.

To purchase UCU 75th Anniversary Series Class ‘A’ Series Shares contact your local branch.

Disclaimers

* Dividends are not guaranteed, and are entirely at the discretion of the Board of Directors of the Credit Union. Past payment of dividends in no way indicates the likelihood or rate of future dividend payments. Annualized dividend rate, declared and paid on a quarterly basis. Investment shares are not deposit insured.

† This is not an offering statement. Class A Investment Shares are only available by offering statement. Any purchaser of the Class A Investment Shares is required to obtain and review an offering statement before purchasing the shares. To obtain an offering statement, contact your local branch.