To help local families prepare, KCCU has donated 10 fully stocked backpacks to the United Way Kingston, Frontenac, Lennox & Addington Backpack Program!
These backpacks, filled with essential school supplies, will be distributed through United Way and its community partners, supporting students who might otherwise go without. The Backpack Program empowers kids to learn, grow, and thrive because every student deserves a strong start.
Learn more about the Backpack Program here.
Our Fundraiser BBQ in support of the YMCA of Eastern Ontario was a fantastic success. Thanks to the generosity of KCCU members, community supporters, and everyone who joined us at the grill, we raised an incredible $1,200!
These funds will help people of all ages in our community stay active and engaged through the YMCA’s fitness, aquatic, and youth programs.
To learn more about the YMCA of Eastern Ontario click here.
Kingston Pathways to Education, launched in 2010, supports high school students from low-income areas with academic, financial, and social resources to break the cycle of poverty and promote post-secondary success.
While Pathways provides support through high school, it lacks funding for post-secondary assistance. To address this gap, the program partnered with the Community Foundation for Kingston & Area (CFKA) to create a $1 million endowment. This fund will ensure long-term support for alumni through a dedicated Facilitator of Alumni Relationships.
On Friday, Kingston Community Credit Union (KCCU) stop by to fulfill it’s 3rd year of its pledge toward the Pathways endowment fund. Since 2023, KCCU has pledged $25,000 annually over four years, contributing to the lasting stability of the Facilitator of Alumni Relations role and reinforcing the program’s ongoing legacy.
The team at Pathways gifted KCCU with commemorative hoodies that honor Pathways to Education Kingston’s 15 remarkable years of impact in our community!
Team KCCU joined 27 workplaces and 400+ amazing volunteers for the 2025 United Way Kingston, Frontenac, Lennox & Addington Day of Caring!
Volunteers went to 38 local organizations to lend a hand with everything from gardening and painting to cleaning and landscaping. We rolled up our sleeves at Oak Street Community Garden, tackling weeding, staining picnic tables, rebuilding compost bins, and more!
Learn More about Day of Caring here.
We’re thrilled to announce that our Fundraiser BBQ in support of Ryandale Transitional Housing was a HUGE success!
Together, we raised an incredible $1,370 to help provide safe, supportive housing for those in need. A massive thank you to everyone who came out, donated, and made this event so special. Your generosity is making a real difference!
Learn more about Ryandale Transitional Housing here.
No one should have to choose between feeding their family and having access to essential hygiene products. That’s why every year, KCCU proudly supports United Way Kingston, Frontenac, Lennox & Addington Period Promise campaign.
Find out more about the Period Promise here.
Kingston Community Credit Union (KCCU) hosted its 67th Annual General Meeting on March 25th, 2025, bringing together members and guests to review the highlights of another successful year. The meeting featured reports on KCCU’s strong financial performance, solid governance practices, and active community engagement. During the meeting, the board of directors welcomed a new director while two directors were re-elected for renewed terms. Additionally, several staff members were recognized for their years of dedicated service, with special acknowledgment given to a senior staff member who recently retired after 33 years of outstanding contribution to KCCU.
KCCU reported a record year for 2024 with income before taxes and dividends of $1,875,000. Assets and deposits increased by over 6% as members expanded their savings and new credit union members invested locally, taking advantage of high interest rates. Profitability continues to be driven by strong margins and good financial management. After a significant period of credit expansion over the past 5 years, loan portfolio growth was 1%, a sign of the cyclical nature of credit and deposit expansion and how they are tied to interest rates and real estate trends. KCCU now has approximately $288 million of assets under management, including off balance sheet wealth and credit card partnerships.
KCCU continues to have strong capital and liquidity well above regulatory and policy minimums, providing its members with excellent capacity to support future growth, technological developments, and expanded service offerings.
The membership approved a 6% dividend on ownership shares returned in profit sharing, a 5%personal variable loan interest refund and a 15% service charge rebate on chequing account packages, as recommended by the Board of Directors. The value of KCCU membership also extends to low and no fee day-to-day banking services, personal and business credit financing, deposit rates, and exceptional service. Credit unions are collaborative and cooperative financial institutions designed by and for members and their families to assist them through all stages of life, offering holistic full financial support and service solutions.
In his report to the membership, Jon Dessau, CEO, highlighted the role of the KCCU team in accomplishing the strategic goals for 2024. In addition to the excellent financial results, staffinitiatives resulted in an unprecedented level of community engagement and charitable donations, including 487 hours of community service, a $100,000 commitment to the Pathways to EducationKingston endowment fund, sponsorship of the City of Kingston Community Climate Action Fund,45consecutive years of 100% staff participation in the United Way workplace campaign, and aspecial KCCU program to support members that have fallen into hard times. There were significant technical investments made in 2024, especially in further cybersecurity safeguards.
View Kingston Community Credit Union’s 2024 Annual Report here.
Read the full Press Release here.
On Friday March 14th, 2025, Kingston Community Credit Union CEO, Jon Dessau, presented Kingston Mayor Bryan Paterson, and Ian Cholmondeley of Extend-A-Family Kingston with a $5,000 donation toward the Kingston Community Climate Action Fund (KCCAF).
The Extend-A-Family Kingston (EAFK) project was selected as the focus of the Kingston Community Climate Action Fund for 2024/2025. Funding from the KCCAF will support the expansion and enhancement of EAFK’s Growability Hydroponic Greenhouse.
EAFK’s sustainable hydroponic vertical farming greenhouses have the capacity to produce 10,000 heads of fresh produce annually. To put this into perspective, the traditional cultivation of 10,000 heads of lettuce generates approximately 6 metric tons of CO2e emissions. In comparison, hydroponic vertical farming systems are projected to reduce CO2e emissions by 50-60%, generating only 2 to 3 metric tons of CO2e emissions.
Extend-A-Family Kingston is aiming to raise $30,000 in funding to support this initiative. The fundraising campaign through the Kingston Community Climate Action Fund will conclude on March 31, 2025.
To read the full Press Release click here.
We’re excited to share that KCCU’s Annual Sock Drive collected 460 pairs of socks!
Thanks to the generosity of our members and staff, these socks will warm 460 individuals in our community! Socks Kingston is doing incredible work in our community, providing warm socks and essential items to those in need. A huge thank you to them for all their efforts.
Tuesday, March 25, 2025, at 7:00pm
Donald Gordon Hotel & Conference Centre, 421 Union Street, Kingston
All members are invited to attend and participate in Kingston Community Credit Union’s 2024 Annual General Meeting.
As a cooperative, our democratic principles offer our members equal voting rights (one member, one vote) and the ability to participate in setting the credit union’s direction. Your participation is part of what makes our credit union a unique place to do business!
Those who wish to participate are asked to register in advance via our website or to contact Mary Lowdon at mlowdon@kccu.ca or (613) 384-5555 for assistance.
Registration opens March 3, 2025, at noon, and closes on March 24, 2025, at noon.
Board of Director Elections
Voting for Kingston Community Credit Union’s Board of Directors, if required will be completed in advance of the Annual General Meeting. Voting, if applicable, opens March 11, 2025, at noon, and closes March 24, 2025, at noon.
For voting, please visit our website to register or contact Mary Lowdon at mlowdon@kccu.ca or (613) 384-5555 for assistance. All members will be vetted prior to receiving their ballot and election results will be announced at the meeting.
Notice is hereby given that the 2024 Annual General Meeting of Kingston Community Credit Union Limited will be held on Tuesday, March 25, 2025.
The meeting will be held for the purpose of:
For the purposes of this meeting, the Record date is March 9, 2025.
Summary of Proposed By-law Amendments
The Board of Directors recommends that the members confirm the following proposed amendments to the By-law by way of Special Resolution:
Member Proposals
No member has submitted to the Credit Union notice of a proposal for consideration at the Annual General Meeting, as permitted by s.179 of the Credit Unions and Caisses Populaires Act of Ontario.
Documents Available for Review
Copies of the 2024 Annual Report, including the audited financial statements and the Report of the Auditor will be made available on our website 10 days prior to the meeting and to all those who register. These documents will also be made available by request at the branches of the Credit Union or by email request to mlowdon@kccu.ca.
Dated at Kingston, Ontario this 1st day of March 2025 on behalf of the Board of Directors. Mary Lowdon, Corporate Secretary.
In December, with the support of our members, staff, and the community, we collected items to create Winter Care Kits for those in need. These kits are designed to assist marginalized individuals who may be facing hardships during the colder months.
The items included: Warm socks, gloves hats and scarves, hand and feet warmers and personal hygiene products.
Once the items were gathered, some amazing volunteers assembled the kits. Michelle and her sons Jackson and Brooklyn helped put together 75 Winter Care Kits! These kits were then donated to Trellis HIV & Community Care. To learn more about their programs, click here.
Last month, the third annual Youth Imagine the Future Festival came to a close with its Award Gala and Exhibition. The Award Gala celebrated the artwork and stories created by local youth, focusing on a green future.
Our CEO, Jon Dessau, was joined by two KCCU Directors to present awards to the winners in the art and writing categories. The first-place winners in each category received a $500 GIC from KCCU to support their post-secondary education. Congratulations to this year’s winners, as well as to all the youth who submitted their pieces to the festival!
If you missed the art exhibition or the short stories, you can explore them on the Youth Imagine the Future website.
The holiday season is a time for giving, and KCCU’s Christmas Caring program is the perfect way to spread cheer to those in need!
This program is designed to support KCCU members who have faced personal economic challenges throughout the year. Eligible families receive a supply of essential groceries that will last for 2-3 weeks, along with gifts for the children and seniors.
The success of this program is made possible by the generous donations from KCCU members and staff. With the support of our community, KCCU has been able to assist 8 families, 11 children, and 5 seniors with this year’s Christmas Caring Program. To learn more about KCCU’s Christmas Caring Program click here.
Kingston Community Credit Union (KCCU) joins the City of Kingston to support the fifth year of the Kingston Community Climate Action Fund (KCCAF) with a new project announced yesterday at a kick-off event.
The Kingston Community Climate Action Fund was developed by the City of Kingston to support local charities and not-for-profit organizations and their initiatives to reduce greenhouse gas (GHG) and/or air emissions, increase energy conservation or efficiency, reduce, or divert organic waste, or to assist with Climate Change adaptation and technology innovation.
Extend A Family Kingston (EAFK) Growability Hydroponic Greenhouse has been selected as the supported project for the 2024/2025 Kingston Community Climate Action Fund.
Jon Dessau, CEO of Kingston Community Credit Union, stated, ‘KCCU has a long-standing commitment to improving the health and well-being of our community. As climate change remains our greatest emerging challenge, it is a privilege to continue our partnership with the Kingston Community Climate Action Fund for a fifth year, supporting the upgrades to Extend A Family Kingston’s Growability Hydroponic Greenhouse.’
KCCU has supported the promotion and fundraising of the fund since its inception in 2020 and will match donations made at their branches up to $5,000 again this year.
Kingston Community Credit Union invites Kingston residents to support the project by donating at any of their three branches (18 Market Street, 795 Gardiners Road, and 1201 Division Street). Gifts of $20 and more made at a KCCU branch are eligible to receive a tax receipt, issued by the City of Kingston.
To read the full press release, click here.
Kingston Community Credit Union (KCCU) has once again demonstrated their commitment to giving back to the community by raising $13,916 for the United Way KFL&A through their annual workplace campaign. This generous donation, along with a corporate donation from the Board of Directors, will go towards supporting many worthy community organizations in the Kingston area.
KCCU has achieved 100% staff participation in the workplace campaign for an incredible 45 consecutive years. This speaks volumes about the dedication and generosity of KCCU’s staff, who are setting a wonderful example for workplaces in Kingston, Frontenac Lennox & Addington.
KCCU is proud to support the United Way KFL&A and their mission to improve the lives of those in need in our community. With their continued commitment to giving back, KCCU is making a positive impact and helping to create a brighter future for all.
Read the full Press Release here.
Our used book sale benefiting the Kingston Interval House kicked off Monday, October 21st, and ran until November 8th, 2024. Thanks to our members for donating used books and supporting our fundraiser. Thanks to you, KCCU was successfully able to raise $800!
To learn more about the Kingston Interval House, click here.
On September 27th, 2024, KCCU hosted its final Fundraiser BBQ of the season in support of the Alzheimer’s Society of Kingston Frontenac Lennox & Addington. Thanks to those who attended and helped us raise $800 for this great organization!
KCCU is thrilled to announce the appointment of Dominic Naimool as General Counsel, effective June 22, 2024. Dominic represents a new generation of digitally empowered developer lawyers, uniquely equipped to address the ever-evolving technical landscape of cooperative finance and Canadian finance more broadly.
As General Counsel, Dominic’s main responsibilities include ensuring legal compliance, managing legal risks, drafting and negotiating contracts, advising on corporate governance, handling disputes and litigation, and supporting member relations. He will also play a crucial role in policy development, training and education, intellectual property management, and promoting ethical behavior and compliance within the organization.
Join us in welcoming Dominic to the team! We look forward to his contributions to the credit union’s mission and the broader cooperative movement. View Press Release.
Our fundraising BBQ held on July 5th raised $1,200 for Kingston 4Paws! Special thanks to our Social and Fundraising Committee for all their hard work in making the event a success and to all the volunteers from Kingston 4Paws who attended with their dogs.
Kingston Community Credit Union (KCCU) has committed to provide a donation of $25,000 annually to the Pathways to Education Endowment Fund for four years for a total donation of $100,000. The first donation of $25,000 was provided late in 2023 and the second installment today.
These funds from KCCU will provide crucial support to the endowment fund, ensuring its sustainability and impact of the Facilitator of Alumni Relations role for years to come. Details.
A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.
