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____ Thursday October 22, 2015 ____


Prosperity Fund Grants

More than $500,000 Awarded through London's 2015 Prosperity Fund

London – Libro Credit Union announced the recipients of the 2015 Prosperity Fund, where Libro is investing more than $500,000 to support programs and projects across southwestern Ontario that are helping to grow regional prosperity in three focus areas: economic development, youth leadership and money smarts.

“Libro exists to grow prosperity in southwestern Ontario by transforming banking, and the Prosperity Fund is just one of the ways we support that,” said Steve Bolton, Libro Credit Union President and CEO. “We are very excited by the diverse number of projects who received grants this year. Growing prosperity is a collective effort, and we can accomplish so much more through collaboration and partnership.”

Libro’s Prosperity Fund invested in 31 organizations and community groups whose initiatives support entrepreneurship, financial knowledge and career skill development for young people – all aimed at growing prosperity across the region.

“Local decision making is very important to Libro and our unique governance structure allows for that, reflecting the priorities of each community we passionately serve,” Bolton said. “Each branch has a council made up of Owner Representatives who are closely involved in the grant evaluation process and have a voice in the award selection.”

2015 Prosperity Fund Grants
The program offers two funding levels. Larger grants ranging between $10,000 and $150,000 are reviewed by an Advisory Panel, made up of Owner Representatives, members of Libro’s Board of Directors and staff. Branch grants ranging between $5,000 and $10,000 are reviewed by Libro’s individual Branch Councils.

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