Nelson and District Credit Union announce 2012 financial results

Nelson and District Credit Union announce 2012 financial results

Credit Union also elects new board and new board chair.

Nearly $160,000 was distributed to over 150 local individuals and organizations through the Nelson and District Credit Union’s Community Investment Program, according to the NDCU’s annual general meeting.

The 62nd annual meeting was held in Nelson on April 17 and the success of the program was the highlight of the year for the credit union, which also has a branch in Rossland.

As well, NDCU also had the successful rol out of the chip Member Card® debit card and the 2012 celebration for the International Year of Co-operatives.

At the AGM it was announced that director Laureen Barker was re-elected while director Colin McClure and returning director Michael Bancroft were elected by acclamation.

McClure and Bancroft will serve the Nelson representative area and Barker will serve as director at large, each for three-year terms.

The board elected long-standing East Shore representative area director John Edwards to the position of chair. Edwards is an East Shore resident and has 16 years experience on the board of NDCU.

Nelson and District Credit Union was established in 1950 and has grown to over $174 million in assets and serves over 10,600 members throughout the Kootenay area.

NDCU is a community based financial co-operative that offers a full range of banking and financial, wealth management and insurance services. Our three community branches are located in Nelson, Rossland and Crawford Bay.

  • Please visit www.nelsoncu.com.
  • People can review this year’s corporate reports online at www.nelsoncu.com/corporate_reports.