1% dividend payment approved – highlights from yesterday’s AGM

Following approval at yesterday’s AGM, we’re pleased to once again announce a member dividend payment at 1%.

The dividend payment has now been posted to all eligible members accounts.

You can check your account balance and dividend payment on our online member access area at: https://secure.co-operativecreditunion.coop/

– If you have not yet registered for online access to your account, simply click on the ‘register’ tab on the link above to get started.

AGM Headlines:

  • 1% dividend approved by members following the presentation of the treasurer’s report.

  • Rebecca Hamilton re-elected: Rebecca stood for re-appointment to the Board of The Co-operative Family Credit Union and was re-elected.

  • The Graham Southall Award was presented to Ken Jackson for his support and volunteering for the credit union on the supervisory committee – read our blog post here on Ken’s award.

  • Motion passed: The proposed change to Rule 105, Director’s Terms of Office was passed by members. The rule change will impose a restriction on the length of service for board directors in the interests of better governance and direction, with new board directors being brought in on a regular basis.

Some highlights from the last financial year:

  • Last year saw share values exceed £5 million for the first time

  • We issued almost 2,300 loans, with a value of over £2.3 million.

  • Loans granted to members in the past year have ranged from £100 to £17,000, with an average loan value of just over £1,000.

  • We have strong liquidity and invite members to consider us for their loan requirements and to recommend us to family and colleagues who may be interested in taking out a loan with us.

The Chair’s Report and Operations Manager’s Report as presented at the AGM can be downloaded here: AGM Papers 2019

Please contact the office if you would like any further information or to request a copy of the full AGM pack with Treasurer’s report and accounts.