SCECU 70th AGM Highlights

SCECU 70th Annual General Meeting Highlights

Meeting March 28, 2017

For the year ending December 31, 2016:

  • Proudly serving 2243 members/associations/community groups /businesses
  • Net Assets @ $63,794,065.00 a growth of 1.4% over 2015
  • Deposits @ $58,600,630.00 a growth of 0.96% over 2015
  • Loans @ $45,988,177.00 a decrease of -3.2% over 2015
  • Total loans approved to the membership in 2016 $18,563,168.00
  • Equity @ $4,787,576.00 a growth of 5.41% over 2015 representing 7.25% of assets with a board target of not less than 7.0%
  • Patronage refund approved by the board for distribution in 2017 is $70,000.00

*Patronage refunded successfully each consecutive year since 1994 for a total of $1,484,041.00 *(including the 2017 distribution)


Location:

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

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