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Korean credit union leader receives Coady Family Global Bursary

Sept. 11, 2015

SeokJo Son, one of two Korean participants in the 2015 Diploma in Development Leadership program at Coady Institute, has been awarded the annual Coady Family Global Bursary.

The award was established by the families of the grand-nephews and grand-nieces of Rev. Dr. Moses Coady, in honour of the late Mary Jesse Coady and her husband Leo. The family will present Mr. SeokJo with a certificate on Saturday when the diploma class visits the family homestead in Margaree. The trip is an annual highlight for participants who are keen to learn more about the history of the Antigonish Movement, StFX Extension Department and Coady Institute.

“The seed of our Korean credit union movement began in Nova Scotia,” said Mr. SeokJo. “Our two pioneers studied credit unions under the guidance of Rev. Dr. Moses Coady here in 1957. Our first credit union in Korea was created three years later. Now we have 913 credit unions and six million members.”

Mr. SeokJo said that as a token of gratitude, he will present two books to the Coady family: One is a memorial book about the two Koreans who studied at StFX; the other is a book about the credit union movement that includes a reference to the importance of the Antigonish Movement.

Dr. June Webber, director of Coady Institute, said the bursary is an important example of local scholarship support that helps bring community leaders from around the world to the StFX campus each year.

“I want to thank the Coady family for its generosity,” said Dr. Webber. “This support represents their deep commitment to the vision of Dr. Coady—a vision that continues through the work of thousands of graduates around the world.”

Thanks to the endowment fund established by the Coady family, a scholarship is awarded every year to a deserving community leader to attend the 20-week Diploma in Development Leadership program in Antigonish.

Moses Coady, grand-nephew of Dr. Coady, said the family is so pleased to support SeakJo Son with the annual bursary.

“It is fitting that Mr. SeokJo is from the credit union movement, a very important component of the Antigonish Movement’s success,” he added.

This year, the bursary recognizes Mr. SeokJo’s leadership in the credit union/cooperative sector, where he is a senior manager with the National Credit Union Federation of Korea. The federation is a non-profit institution that acts as a trade association, financial intermediary and business organization made up of all credit unions. It was established in 1964.

Coady Institute at StFX University equips citizen leaders with the practical tools they need to bring about the changes they want for themselves. Since 1959, there have been more than 7,000 Coady graduates working in more than 130 countries.

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