2018 ANNUAL GENERAL MEETING HIGHLIGHTS

SCECU 72nd Annual General Meeting Highlights Meeting March 26, 2019 For the year ending December 31, 2018: – Proudly serving 2278 members/associations/community groups /businesses

– Net Assets @ $64,208,354.00 a decrease of 2.58% over 2017

– Deposits @ $58,339,621.00 a growth of 2.22% over 2017

– Loans @ $51,632,432.00 a slight increase of 1.62% over 2017

– Total loans approved to the membership in 2018 $17,616,189.00

Equity @ $5,515,905.00 a growth of 8.64% over 2017 resulting in a leverage ratio of 8.48% with a board target of not less than 7.0%

– Patronage refund approved by the board for distribution in 2019 is $91,000.00 *Patronage refunded successfully each consecutive year since 1994 for a total of $1,660,244.00 *(including the 2019 distribution)


Location:

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

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