The Democratic Nature of Credit Unions: How BCU Financial Operates

Published by Allen Brown

Buduchnist embraces democratic principles and values. Founded based on ethnic commonalities, the Ukrainian credit union empowers long-standing members of the Ukrainian diaspora and recent newcomers from Ukraine to Canada. As new people consider joining, they take an interest in how BCU Financial operates.

Democratic Values in Buduchnist Operation

When people strive to learn more about BCU Financial, they should pay attention to the mission statement the organisation lets to guide its members. The credit union has a mission of empowering the community to achieve financial wellness and prosperity. Although Buduchnist operates as most financial institutions in Canada do, the credit union has no conventional owners.

The benefits of this approach come from the opportunity for members to become co-owners. With no traditional owners like in other financial institutions, BCU Financial creates ample opportunity for members to participate in decision-making. The credit union has a board of directors who represent the interests of clients and make decisions most relevant to modern contexts in Canada.

As a credit union, Buduchnist operates to meet the following financial needs of clients:

• Personal banking
• Business banking
• Financial planning
• Community development

Membership at BCU Financial exposes clients to the services that reflect the democratic orientation of the organisation. As people learn more about BCU Financial, they become part of this pro-people community of like-minded individuals focused on improvements in personal and business finance.

Final Thoughts on How BCU Financial Operates

Seven decades in this field have established Buduchnist as a leading Ukrainian financial institution in Canada. The advantages brought by the organisation drive membership rates. In fact, most of our members reported in a survey that the status of a Ukrainian financial institution was a decisive factor for them to join. People appreciate that Buduchnist operates with democratic principles in mind. Its efforts to empower Ukrainian communities in Canada fuel community projects and involve members in decision-making.

The application of its services to personal and business banking emphasises the commitment to empowerment of individual and corporate clients in line with democratic beliefs. If you wonder how BCU Financial operates, consider its long history rooted in democracy and freedom.