Community Grant

We're passionate about funding local projects that leave a long-lasting impact in the communities we serve.

Community Development is a collective action taken by a group of people in a community looking to make a difference. The process of community development is aimed at improving the social, economic, cultural, and environmental state of the community.

The Innovation Credit Union Community Development Grant Program is intended for one-off project-based proposals in which financial assistance is required to start something new or to assist with large purchases that are not normally possible.

Eligibility Expand/Collapse

Innovation Credit Union will provide funding to the following organizations; however, eligibility does not guarantee funding:
  • Non-profit Organizations with a registered charity number
  • Municipalities
  • Educational Institutions*
  • Licensed Early Learning and Childcare Centres
*Innovation Credit Union will provide funding to Education Institutions for the following initiatives and/or projects: after-school programs, playground structures, science fairs and student clubs and organizations.

Eligibility Guidelines
Innovation Credit Union will not provide support for the following purposes:
  • Competition, membership, or registration fees
  • Conferences, tradeshows, conventions, seminars, or annual general meetings
  • Creation and/or publication of books, videos, brochures, or websites
  • Deficit or retroactive funding
  • Individuals or individual pursuits benefiting one or few people
  • Political or religious organizations
  • Recreational team sponsorship
  • Research funding
  • School funding includes career and professional development, classroom supplies, annual fees, salaries, and school field trips/tours
  • Team uniform funding
  • Travel funding (provincial, national, or international)

Grant Amounts Expand/Collapse

Minimum funding request per organization: $5,000/year
Maximum funding request per organization: $25,000/year

Only one application per organization will be considered for review annually. Applicants are welcome to reapply the following year.

Funding may be granted in full or in part.

Application Periods and Response Times Expand/Collapse

Application period: January 1st to July 31st of each year. Applications submitted after July 31st won't be considered.

The Community Development Grant Committee will review and select successful applicants by September 30th.

We'll notify successful applicants by October 15th.

How to Apply Expand/Collapse

Complete the application form prior to the July 31st deadline.
  • All Community Development Grant applications must be submitted through our online application to be considered for funding. You can also visit any of our locations and one of our staff members would be happy to help you complete the form.

  • Any attachments or supplemental material can be sent to community@innovationcu.ca.
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Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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