The Nelson and District Credit Union's CEO Doug Stoddart presented Helen Lutz of the Osprey Foundation with a $3000 cheque during Business after Business on Thursday.

Business after Business meets at Nelson Credit Union

CEO Doug Stoddart presented Helen Lutz of the Osprey Foundation with a cheque for $3000.

  • Nov. 12, 2015 3:00 p.m.

The Nelson & District Credit Union hosted Thursday evening’s Business after Business soirée, and CEO Doug Stoddart took the opportunity to present the Osprey Foundation with a $3,000 cheque. Before handing it over, he shared some insights with those gathered.

“The challenge in today’s world for people working in financial institutions is our low financial margin. Everything’s gone way down. The spread for credit unions has shrunk and shrunk and shrunk,” he said, after being introduced by local businessman Cal Renwick.

“Our solution to the challenges we’re facing is to grow businesses locally to survive. The best way for us to grow is to help our local businesses grow and together we can grow the economy.”

He pointed to Danny Semenoff (pictured), a commercial account manager at NDCU, as an example of how they operate as an institution.

“He makes us a lot of money that then goes into local businesses,” Stoddart joked.

Helen Lutz of the Osprey Foundation was thrilled by the donation, and shared a video from local filmmaker Amy Bohigian about the work they do.

“We like to think of Osprey as a non-stop hub for local giving,” she said, naming the Nelson Streetcar Society and the Pulpit Rock Trail Society as two recipients of their largesse.

“The support we’ve received from the credit union over the years is way more than just financial. They’ve been a friend since our beginning in 2000. They’ve supported us in numerous ways.”

She invited everyone to come to Osprey’s upcoming retirement dinner for Simon Grypma, where an anonymous donor has pledged to meet 50 per cent of all the donations gathered—a total of $25,000 if they meet their fundraising goal.

In his speech, Stoddart emphasized that local collaboration is the foundation of the economy.

“We’re more successful if we all work together,” he said.






Just Posted

Cardiac arrest survivor saved by passerby

People who know CPR can now register with a new phone app to notify them of nearby emergencies

Police seek witnesses to fatal weekend accident

Wayne Kernachan was struck by a vehicle while responding to an accident

The 10-mile diet all in one place

Order local food from the comfort of your couch.

Pedestrian killed on Highway 22 Saturday evening

Police say 51-year-old man died after being hit by car

LETTER: Concern for fossil fuel subsidies

From reader Marylee Banyard

Six students arrested, charged in sex assault probe at Toronto all-boys school

The school’s principal, Greg Reeves, described the video of the alleged sexual assault as ‘horrific’

Laine scores 3 as Jets double Canucks 6-3

Injury-riddled Vancouver side drops sixth in a row

Deportation averted for Putin critic who feared return to Russia

Elena Musikhina, a vocal critic of the Kremlin, has been granted a two-year visitor’s permit in Canada

B.C. to allow Uber-style ride hailing services to operate in late 2019

Fee will be applied to fund options for disabled people

Auditor general takes aim at Liberals’ fighter-jet plan

Suditor general Michael Ferguson is about to release a new report on Canada’s attempts to buy new fighter jets

B.C. couple converts ambulance into a traveling home

The Revelstoke couple plan on touring B.C. ski hills then driving to Mexico

Cyclist defecates, throws own poop at car following B.C. crash

Man defecates in the street before throwing it at a driver locked in her vehicle

Jamie Koe, other curlers kicked out of bonspiel for being too drunk

‘You don’t kick around other players’ bags, it’s disrespectful and we expect better of our players’

Homicide victim found under B.C. bridge identified as Hells Angels member

Chad John Wilson was one of four men arrested in Spain in 2013 on allegations of smuggling cocaine.

Most Read