AGM Highlights 2016

SCECU 69th Annual General Meeting Highlights

Meeting March 22, 2016

For the year ending December 31, 2015:

  • Proudly serving 2288 members/associations/community groups /businesses
  • Net Assets @ $62,924,275.00 a growth of 7.17% over 2014
  • Deposits @ $58,041,624.00 a growth of 7.10% over 2014
  • Loans @ $47,511,283.00 a growth of 10.38% over 2014
  • Total loans approved to the membership in 2015 $24,077,378.00
  • Equity @ $4,541,942.00 a growth of 5.71% over 2014 representing 7.01% of assets with a board target of not less than 7.0%
  • Patronage refund approved by the board for distribution in 2016 is $45,000.00

*Patronage refunded successfully each consecutive year since 1994 for a total of $1,368,219.00 *(not including the 2016 distribution)


Location:

City Hall, 222 3rd Avenue North
Saskatoon, SK
S7K 0J5

Tel: 306-975-3280
Fax: 306-975-7806