Latest news with #BCU
Time Business News
3 days ago
- Business
- Time Business News
The Enduring Legacy: BCU Financial's 70+ Years of Serving Canadians Since 1952
For over seven decades, BCU Financial has stood as a steadfast pillar in the Canadian financial landscape, evolving from humble beginnings into a comprehensive financial group dedicated to empowering its members. Since its founding in 1952, BCU (originally Buduchnist Credit Union) has remained true to its core cooperative principles, prioritizing community, personalized service, and financial well-being over corporate profits. The Genesis: A Community-Driven Vision (1950s) The story of BCU Financial begins in 1952, when a group of 25 visionary individuals, driven by a shared mission to build a community-focused credit union, secured an Ontario provincial charter. With an initial capital of $22,000, these founders laid the groundwork for an institution that would grow to serve thousands of Canadians. The early years were marked by foundational achievements, including the introduction of a chequing system and the acquisition of a license to offer mortgages to members in 1955. By 1957, the nascent credit union had already surpassed $1 million in assets, a testament to the community's trust and the founders' foresight. Growth and Modernization: Expanding Reach and Services (1970s-1990s) The subsequent decades saw BCU Financial embark on a path of steady growth and modernization. The 1970s brought about a significant leap forward with the installation of a computerized banking system in 1977, ushering in an era of greater efficiency and enhanced member service. This period also saw the opening of the Bloor St. West Branch, strategically located in the heart of Toronto's vibrant Ukrainian community. The 1980s were characterized by branch expansion, reaching new communities across Ontario. Scarborough and Mississauga branches opened in 1985 and 1986, respectively, demonstrating BCU's commitment to accessibility. By 1988, assets had surpassed $100 million, and in 1989, the introduction of the BCU credit card further broadened its service offerings. The 1990s continued this upward trajectory, focusing on banking convenience. New branches in Ottawa (1990) and a new Toronto Head Office on Bloor St. W. (1991) solidified BCU's presence. The introduction of ATMs and the Interac system in 1992 marked a significant step towards modern banking, providing members with greater flexibility. By the close of the millennium in 1999, BCU's assets exceeded $200 million, underscoring its growing financial strength. The BCU Financial Group: Diversification and Innovation (2000s-Present) The new millennium ushered in a strategic shift for BCU, leading to the formation of the BCU Financial Group. This evolution saw the establishment of complementary entities to offer a more holistic suite of financial services. In 2002, BCU Wealth Management was launched as a dedicated investment arm, followed by the BCU Foundation being granted its charitable status, formalizing BCU's commitment to community support. The official public launch of the BCU Foundation in 2006 marked a significant milestone in its philanthropic endeavors, with over $6 million distributed to various community projects across Canada to date. BCU Insurance Services Limited was launched in 2009, offering life, disability, and group insurance, further cementing the group's comprehensive approach. Technological advancement remained a priority in the 2010s. The introduction of BCU Mobile banking and its app in 2011, and the E-Transfer System in 2014, demonstrated BCU's commitment to digital innovation and convenience for its members. A significant rebranding in 2019 saw 'Buduchnist Credit Union' officially become 'BCU Financial,' reflecting its broader scope and modern identity. The same year, BCU Financial embarked on a renovation of its Toronto Head Office, showcasing its continued investment in its infrastructure and member experience. Today, BCU Financial stands as a robust, member-owned credit union with over $1 billion in assets under management (combined with BCU Wealth Management) and serving over 20,000 members. Its services span daily banking, borrowing, and investments for both personal and business needs, accessible through online platforms, mobile apps, and a network of branches across Ontario. Beyond Banking: Community Impact and Member Focus What truly sets BCU Financial apart is its unwavering commitment to its cooperative roots and its profound impact on the communities it serves. As a member-owned institution, its focus is not on shareholder profits but on empowering its members to achieve financial freedom. This philosophy translates into competitive rates, lower fees, and personalized solutions tailored to individual needs. BCU Financial's community involvement is deeply ingrained in its identity. Through the BCU Foundation and various initiatives, it actively supports healthcare, financial education, and community well-being. This includes supporting youth, providing humanitarian aid for Ukraine, and sponsoring local events. The 'Community Cares' program, for instance, empowers branches to support local people and causes, demonstrating a tangible commitment to the welfare of the communities where its members live and work. From its humble beginnings in 1952 with 25 dreamers and $22,000, BCU Financial has grown into a testament to the power of community-centric banking. Its journey over 70+ years reflects a consistent dedication to its members, a proactive embrace of innovation, and a deeply rooted commitment to making a positive impact on Canadian society. As it continues to evolve, BCU Financial remains a vital and trusted partner for Canadians on their financial journeys, embodying the spirit of cooperation and mutual success that has defined it since its inception. Read also: Writing Smarter: How AI Is Revolutionising eBook Creation TIME BUSINESS NEWS
Newsweek
11-07-2025
- Sport
- Newsweek
How to Watch 2025 HBCU Swingman Classic: Live Stream College Baseball, TV Channel
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. It's time for this year's HBCU Swingman Classic, a celebration of the best HBCU college baseball players. 50 players from Division I HBCU programs will take the field Friday at Truist Park for the event. Tune in to MLB Network on Friday night to watch the action. Jamal George #11 of Alabama State University poses with the trophy following his team's victory in the HBCU Swingman Classic at Globe Life Field on July 12, 2024 in Arlington, Texas. Jamal George #11 of Alabama State University poses with the trophy following his team's victory in the HBCU Swingman Classic at Globe Life Field on July 12, 2024 in Arlington, Texas. Photo byHow to Watch 2025 HBCU Swingman Classic Date: Friday, July 11, 2025 Time: 8:00 PM EDT Channel: MLB Network Stream: Fubo (TRY FOR FREE) The schools with representatives this year are: Alabama A&M University, Alcorn State University, Bethune-Cookman University, Coppin State University, Florida A&M University, Grambling State University, Jackson State University, Mississippi Valley State University, Morehouse College, Norfolk State University, North Carolina A&T University, Prairie View A&M University, Southern University, Texas Southern University, University of Arkansas Pine Bluff and University of Maryland Eastern Shore. Participating players this year are: Broedy Poppell (FAMU), Tyler Smith (NCAT), Irvin Escobar (BCU), Vinny Saumell (UAPB), DeMarckus Smiley (ASU), Jonathan Gonzalez Perez (UMES), Juan Cruz (ASU), Andrey Martinez (BCU), JT Taylor (NCAT), Jalon Mack (SU), Daniel Moore (CSU), Kylan Duncan (AAMU), Jesus Vanegas (BCU), Taj Bates (SU), Elijah Pinckney (MORH), Kade Wood (MSVU), Robert Tate Jr. (JSU), KJ White (SU), Ahmar Donatto (PVAMU), Chenar Brown (GSU), Cardell Thibodeaux (SU), Justin Journette (NSU), Kameron Douglas (ASU), Darryl Lee (BCU), Jacoby Radcliffe (SU), Jordan McCladdie (JSU), Trey Bridges (GSU), Jalan Jones (NSU), Kelton Phillips (TSU), Joseph Eichelberger (JSU), Trey Rutledge (AAMU), Jaylon Burrell (ALSU), Jamal Ritter (FAMU), Cameron Hill (GSU), Edwin Sanchez (BCU), Eric Elliott (JSU), Reagan Rivera (CSU), Jean Carlos Zambrano (BCU), Diego Barrett (NCAT), Jorhan LaBoy (ASU), Erick Gonzalez (JSU), Garrett Workman (FAMU), Nkosi Didder (JSU), Esaid Peña (ASU), Kenney Fabian (UAPB), Jafet Martinez (ASU), Calvin McClendon (TSU), Yoansell Diaz (BCU), Jay Campbell (FAMU), and Nick Luckett (SU). Live stream the 2025 HBCU Swingman Classic on Fubo: Start your free trial now! Regional restrictions may apply. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
Time of India
09-07-2025
- Politics
- Time of India
Renaming of Bengaluru City University after Manmohan Singh draws mixed reactions
Bengaluru: The renaming of Bengaluru City University has drawn mixed reactions from various stakeholders, even as opposition BJP is yet to take an official stand on the move. The varsity, based out of the iconic Central College campus, will be renamed as Dr Bengaluru City University, following a cabinet decision last week. Tired of too many ads? go ad free now The decision to rename the university was first announced by chief minister Siddaramaiah during the budget session of the Karnataka legislative assembly in March this year. Former minister for primary education, S Suresh Kumar opined that the govt should have responded to local sentiments. "Dr Singh gave a positive turn to our economy and we are grateful to him," he said, while suggesting Dr H Narasimhaiah as an alternative. "Dr HN was one of the greatest sons of the soil, especially in academia. He was the vice-chancellor of BU and established the Jananbharathi campus. Coming from a poor rural background, he went on to earn a doctorate in the US," Kumar said. The BJP MLA said the party is yet to discuss this move and come out with an official plan of action. The National Students' Union of India – the student wing of the Congress party, has already stepped up, according to its BCU president Lakshya Raj V. "We welcomed the renaming when it was first announced in March, and have renamed our social media handles already," he said. He also stated NSUI would protest against any opposition to the renaming. "If met with resistance, we will make sure to erect a new name-board ourselves without waiting for the university to do it," he said. Prof BR Supreeth, a member of the university syndicate, said he was sceptical of the name change. Tired of too many ads? go ad free now "A separate academic centre bearing Dr Singh's name could have been established. Bengaluru itself has got a brand value," he said. The academician also expressed concern for any problems the students might face due to renaming, especially in foreign countries, adding the name of the university was changed thrice in the last eight years. "My request to the govt is to not politicise this. Politics should be kept away from education sector," he said. Senior scholar and retired professor Dr G Ramakrishna strongly opposed the move and stressed that he is against naming universities after individuals. Well-known among the progressive intellectual circles in the state, he also lamented that anyone opposing the renaming would now be attributed with political motives, leading to a controversy. The university's first vice-chancellor Prof S Japhet said the govt, through this decision, has expressed gratitude to Dr Singh on behalf of all Kannadigas. "The university is special in terms of its location and jurisdiction, apart from its rich legacy. BCU is probably India's only university with affiliated colleges within a city's boundaries. This was the reason it was renamed Bengaluru City University," he said, adding there are 23 'city universities' across the globe. "BCU was rebranded on that line," he said. Prof Japhet took over as a special officer, and later as vice-chancellor of Bengaluru Central University, following trifurcation of Bangalore University in 2017. The university was renamed Bengaluru City University during his tenure.
Bloomberg
08-07-2025
- Business
- Bloomberg
Uruguay Central Bank Surprises With Quarter-Point Rate Cut
Uruguay's central bank cut its benchmark interest rate by a quarter point to 9% and signaled it might further lower borrowing costs if inflation converges with the target. 'As long as inflation evolves as expected and agents' expectations continue to decline, the BCU believes there could be room to continue lowering the interest rate,' the central bank said in a statement.
The Hindu
05-07-2025
- Science
- The Hindu
One-day workshop on history and computing held
The Department of History at Bengaluru City University (BCU) hosted a one-day workshop on 'History and Computing' on Saturday at the WBC Auditorium for postgraduate students. Inaugurating the event, acting Vice-Chancellor Prof. K.R. Jalaja emphasised the importance of digital technology in making Indian history accessible to younger generations. She affirmed, 'Necessary steps will be taken to ensure PG students have access to digital resources.' Mahesh, deputy director of the Karnataka State Archives, inaugurated the workshop, stating, 'Digitisation not only preserves historical records but also democratises access, making archival materials available to all.' He demonstrated tools used in digital preservation. P. Jayasimha from the Mythic Society noted, 'Digital tools and AI are opening unprecedented avenues in analyzing and preserving historical data.' The event featured thematic sessions by experts and was conducted by faculty members Dr. Malini, Dr. Purushottama, and Dr. Kantharaju. Prof. Jyothi Venkatesh delivered the introductory address.
