Reporting Back on our 2023 Online AGM

We were delighted to have a record number of members join us online on the 25th January for our Online Annual General Meeting (AGM).

A full recording of the session is available below, along with a round up of the meeting highlights, voting results and key information including a copy of our Annual Report.

Watch the full AGM video recording

• We were able to report back on another successful year’s trading despite the economic challenges of the cost of living crisis, which slowed the rate of growth we had achieved last year.

* The Graham Southall Award and Lifetime Presidency was presented to Chris Smith and David Dickman who retired from our Board of Directors – see our news story here for full details

* The board approved an annual dividend of 0.4% – and dividend payments have now been credited to the accounts of all eligible members. This amount is an increase on last years dividend of 0.25%, although we recognise that the amount may be disappointing to some members in the light of recent interest rate rises starting to be offered by some banks. It is worth noting that the dividend is paid for the financial year ending October 2022, by which point some of the interest rate rises that we are now seeing were not yet evident. In future years, we do plan on offering a more generous rate if we are able, however we believe that this fairly reflects the current balance of strategic priorities for the credit union and the reality of the current financial situation.

For the first time ever, we published an Annual Report, shared both in advance of and during the meeting.

The report covers updates on project delivery and key impacts for the year 2021/22. Download a copy here.

Download Copies of the Meeting Papers, Accounts and Voting Results

AGM 2023 Meeting Papers

CFCU Accounts 2021 to 2022

Vote results AGM 2023

If you have any follow up questions or comments in relation to the AGM, just get in touch in any of the usual ways.