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.

 

Just Posted

Langley Clothes by the Pound closes

Thrift store that tried to introduce a new approach to bargain hunting may have gone out of business

WIND WARNING: Metro Vancouver expecting 100 km/h gusts Saturday night

Environment Canada issues warns of possibly dangerous conditions

VIDEO: Remember the Voyageurs at Fort Langley

Two-day historical festival underway

Fraser Health asking taxpayers for millions more in health care capital funding

Health authority wants Fraser Valley taxpayers to triple annual contribution to $5.75 million

Guilty plea issued in case where man, 86, was assaulted and robbed

Hughie Stump pleads guilty to break-and-enter in relation to Abbotsford incident

Mom delivers plastic mats to Langley’s homeless

Jenifer Kosman fashions sleeping mats from plastic grocery bags

VIDEO: Vancouver Giants blanked by Portland Winterhawks

Saturday’s 2-0 setback marks first regulation loss for G-Men in 10 games

VIDEO: Thousands join women’s march events across B.C.

Today marks one year since the first Women’s March on Washington

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

B.C. woman who forged husband’s will gets house arrest

Princeton Judge says Odelle Simmons did not benefit from her crime

Snow warning in effect for the Coquihalla

A snowfall warning is in effect from Hope to Merritt as slush and snow is expected on highways this weekend

Vancouver hoping free public Wi-Fi expansion will drive tourism dollars

Mayor Gregor Robertson says expansion bolsters its “leading Smart City” status

Liberals’ 2-year infrastructure plan set to take 5: documents

Government says 793 projects totalling $1.8 billion in federal funds have been granted extensions

Most Read