Aldergrove Credit Union reports strong financial results

Aldergrove Credit Union reported strong financial results and announced 2016 director election results at the Annual General Meeting

Aldergrove Credit Union reported strong financial results and announced 2016 director election results to 120 members in attendance at the Annual General Meeting held on May 4 at Bradner Hall in Abbotsford.

“It’s a best case scenario when there is nothing but positive results and announcements to share with our membership, and this year was no exception,” says Aldergrove Credit Union CEO, Gus K. Hartl.

“The credit union surpassed an incredible milestone of reaching over $600 million in assets, and experienced strong balance sheet results with loan growth of 8.7% (44.5 million) and deposit growth of 6.5% (32.5 million). The strength of our capital base and liquidity kept us well positioned for growth and profitability despite the current low interest rate operating environment.”

In addition to reporting financial results, ACU announced that incumbent directors Trudi Campen, Denis Desautels and Terry Metcalfe have been re-elected to serve for three year terms as directors.

“We would also like to extend our well wishes and a thank you to Robert Van Belle for his time and interest in running for director in this year’s election,” says Eric Popma, board chair.

Hartl announced that later this year, Aldergrove Credit Union plans to introduce a new loyalty program aimed to reward more members with cash and exclusive offers on products and services.