PCU is committed to supporting its local community by providing funding across many areas such as: Education, Arts, Sport, Environment, and Local Community Development. The fund is in place to support charitable purposes and cultural or social purposes including community development.
Every year we allocate a portion of our surplus to this Reserve. Since its inception in 2014, we have given approximately €1.7 million in financial assistance to our local community through this Reserve. These funds have been used across our common bond to fund sponsorship applications for events and groups, promoting social, cultural, and educational activities to the local community.
Your continued support results in our continued support within the local community.
Who Can Apply?
The Community and Social Responsibility reserve is accessible to all members (or member interest groups).
Applications are invited from the following groups or organisations who are located within the common bond of PCU and who have been operating for a period of at least 12 months prior to the date of the submission of the completed application:
- community or voluntary groups
- registered clubs
- schools and colleges
- not for profit organisations, and
- charitable organisations
Commercial organisations, individuals and for-profit organisations are not eligible for funding and organisations/groups who have not been operating within the common bond for 12 months prior to the date of application
Projects Not Eligible for Funding
- Any project/initiative not in keeping with the ethos of the credit union and the intention of the fund and which does not offer a community benefit.
- Annual running costs
- Employment costs.
- Routine maintenance, minor repairs or other ongoing costs
- Legal fees
- Project management fees
- Purchase of land or buildings
- Feasibility studies
- Private or commercial operations.
How to Apply?
- To apply for sponsorship please complete the application form and return to sponsporship@progressivecu.ie
- Please ensure that all sections of the application are completed
- Please ensure you apply for sponsorship at least six weeks before the funds are required
- The application will be reviewed by the Sponsorship Committee in the first instance and depending on the amount requested it may be reviewed by the Board of Directors
- Following the decision to allocate funds, each approved project/initiative will receive an offer in principle of funding. This will be subject to compliance with the relevant conditions and subject to the satisfactory acceptance by the applicant group/organisation of this offer.
- PCU reserves the right to re-assign the funds offered to another project/initiative if all requirements are not made within a defined period.
- PCU reserves the right to offer funding for a lesser amount than that sought by the applicant group/organisation.
- Where a successful application for funding has been made by a group, that particular group may not be eligible for funding for a period of twelve months.
