Innovation Credit Union held its annual meeting March 31 in North Battleford, with livestreaming available at Swift Current, Meadow Lake, Gravelbourg and Wilkie.
The board of directors to announced that 2014 was a successful year for Innovation Credit Union, with strong balance sheet growth and cost management. The credit unions 2015 member distribution is $3.07 million.
According to a press release this included a cash dividend of five per cent on active equity accounts as of Dec. 31, 2014 along with the introduction of a new $20 youth dividend which will be paid to all members under the age of 18 as of Dec. 31, 2014.
“On behalf of the entire Innovation team, I would like to thank our members for their support and patronage in 2014,” says board president Gord Lightfoot. “It’s been such an exciting year with our largest member payout to date, our no-fee free account, and new service enhancements like our mobile app and remote deposit capture. Having the opportunity to reward our members in so many ways is a privilege for our staff and board alike. “
“Educating our members on the new services we provide, guiding members through important financial decisions, our management and staff group are committed to being responsive and providing exceptional service across all of our service channels,” says Innovation’s CEO, Dan Johnson.
“I’d like to thank Innovation employees for living our mission and values each day and to our members for their ongoing feedback, patronage, and involvement in the communities we serve.”
A board election was held in District 2 (Swift Current and area) only this year. The nominating committee received one nomination for one position in District 1 from Darlene Kingwell, therefore, Kingwell was nominated to the board by acclamation. Four nominations were received for one position in District 2: Seymour Fehr, Gregory L. Kinch, Trevor Koot, and Gord Lightfoot (incumbent).
The successful candidate was Lightfoot.
The meeting also had an educational focus this year with attendees learning how to receive a $10 Interac e-Transfer and how to deposit a $10 cheque using remote deposit capture. Guest speaker, Roger Francis from the Conference Board of Canada discussed Saskatchewan’s current and future economic forecast and SaskTel showcased their latest technology.
