![]() New board members added include Brittany Herbertson and Brett Kuhn. Christine Lang, who served previously for nine years, let her name stand when a previous two-year position was vacated but did not wish to continue. Anita Parker’s term was due, but she let her name stand and was acclaimed. Michael Soloski, after serving 12 years on the board, as per bylaws, will take one year off giving an opportunity for new people to join the board. How well received this method is will help make decisions for next year’s annual meeting.Įvery year, three director terms expire. Hauta said that this year’s return to the virtual format would be followed by two in-person events in the branch March 29 and 30, giving members a chance to socialize, ask questions, tour the building and meet the staff in an informal setting. ![]() Relationship pricing was introduced for lending customers and is now implemented as well for investments with the credit union.Ĭurt Wagner from MNP, auditors for Unity Credit Union, presented his report and affirmed that Unity had a strong and stable year. $500,000 was paid in member rewards, along with $50 to every youth member. There was a 1.74 per cent asset growth in 2022. ![]() There are 4,380 CU memberships, and Unity Credit Union is the 12th largest credit union in the province. Some details that came from the AGM included: 2313 online banking users transitioning to the new banking platform. Soloski also noted funds were also used to pay the costs related to the Express banking implementation and the remainder to build capital strength, both of which will benefit the member-owned busines.ĬEO Gerald Hauta stated in the meeting that even without this payment, they still would have had a good year. One was made to the Unity Hospital Auxiliary for new bed purchases and the second was made for walking path enhancements that are ongoing. As well, they continued to show they will always be there for the community they serve by making two $50,000 donations. UCU increased its member rewards allocation in 2022 with some of these funds. Unexpected funds in the amount of $3.2M came from a significant payment of dividends to Saskatchewan credit unions as a result of shares of SaskCentral in Concentra Bank to Equitable Bank. Soloski says this new program aligns with relationship pricing that was developed for loans and newly introduced for investments as both are focused on the merits of a deep relationship with members and credit unions. It is based on the number of credit union services members use, the volume of their lending and investing business and how long they have been a member. Member Rewards, which pays patronage based on the relationship the member has with Unity Credit Union, was adopted. This involved staff preparing for this change and even when the transition occurred, it was still disruptive to members. In 2022, the migration was complete from MemberDirect to Express Online Banking, and the agreement was reached as MemberDirect had reached the end of its life. Recently, Michael Soloski mentioned in both his written and verbal report, SaskCentral began to divest or exit from providing these services. The first change was made by SaskCentral, who had been providing services that credit unions, the size of Unity Credit Union, relied on. UNITY - Unity Credit Union continues to drive home their message to members that they will always be there, and this was evidenced in the information shared at their 81st annual general meeting, held virtually, March 28.īoard president Michael Soloski outlined several changes the business incurred in 2022.
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