Sydney Credit Union Wins 2012 Atlantic Business Ethics Award

R.A. (Bob) Coffin, CEO, Sydney Credit Union (center) and Doreen Burke, President, Board of Directors, Sydney Credit Union, accept the 2012 Atlantic Business Ethics Award from (left) Paul Dewolfe, ScotiaBank District VP, SWNS District and (right) Don MacKinnon, BBB President and CEO.

On November 7, 2012, Sydney Credit Union was awarded the prestigious 2012 Atlantic Business Ethics Award in the 16-50 employee category. The award is granted by the Better Business Bureau of the Atlantic Provinces in recognition of businesses that go beyond the average in maintaining high standards of ethical behavior. Businesses are evaluated in the areas of responsibility, ethical decision making, ethical initiatives, ethical leadership and environmental sustainability.

Sydney Credit Union is a full service co-operative financial institution with two branches (Townsend Street and Kings Road), 49 employees and 13,000 members. Sydney Credit Union adheres to the International Co-operative Principles and is committed to service excellence, as they continue to look for ways to enhance their member experience, tailor their product offering to meet the unique needs of their members, and seek opportunities to facilitate positive change within their community, as they aspire to enhance the economic and social well-being of their members and their community.

Sydney Credit Union’s award winning Five Star Success™ program is a profit sharing program which is unique to Sydney Credit Union. As a co-operative financial institution, each year they share their profits with five key stakeholders: their credit union, their members, their staff, their community, and the co-operative sector. Since 1997, Sydney Credit Union has given $4.94 million dollars back to its members alone, just one stakeholder group in their Five Star Success™ program. Sydney Credit Union recognizes the importance and value of its stakeholders and is guided by the grassroots co-operative philosophy of people before profits.

To download the media release and/or the complete award submission, visit