The Nelson and District Credit Union held its AGM earlier this week in Rossland.

Nelson and District Credit Union holds AGM

The Nelson and District Credit Union board held its 61st annual general meeting in Rossland on Tuesday night

The Nelson and District Credit Union board held its 61st annual general meeting in Rossland on Tuesday night where it released financial results for 2011 and introduced new board members.

The year’s high points were the Community Investment Program, which saw close to $270,000 distributed to over 140 local individuals and organizations, NDCU’s successful banking system upgrade called “SWITCH” and the 70th anniversary celebration of a credit union in the community of Rossland.

“Looking ahead, Nelson and District Credit Union will be completing its migration to chip payment technology by the end of 2012,” said Doug Stoddart, credit union CEO.

“Despite the ongoing challenges in the economy, 2011 was a progressive year for your credit union. We appreciate the great job our employees did to serve the members and help us transition to our next-generation banking system. To the members, thank you for continuing to support your local credit union. And as CEO, I thank the board for their oversight and strategic direction. Our job is to serve in the best interests of the membership; without you, we are not relevant! I encourage all members of our communities and our credit union to consider us first for a great rate, community based mortgage.”

At the AGM, incumbent director Andy Chute was re-elected while directors John Edwards, Mark Martin and Lorne Westnedge were elected by acclamation. Chute will serve the Nelson representative area, Edwards will serve the East Shore representative area and Martin will serve the Rossland representative area and Westnedge will serve as director at large.

The board elected Nelson business owner John Malakoff to the position of chair. Malakoff has several years experience in the role as chair of NDCU.

Nelson and District Credit Union was established in 1950 and has grown to over $167 million in assets and serves over 12,500 members throughout the Kootenay area. The credit union is a community based financial co-operative that offers a full range of banking and financial, wealth management and insurance services. Their three community branches are located in Nelson, Rossland and Crawford Bay. Please visit www.nelsoncu.com.

If you would like to take a moment and review this year’s corporate reports, they can be found online at nelsoncu.com/corporate_reports.

 

Just Posted

RDCK moves ahead with Castlegar rec complex upgrade plan

Board approves grant application for $13 million from provincial, federal governments

Cottonwood Lake preservation group surpasses $50,000 fundraising goal

In 28 days, 393 donors have contributed to the fund

Last of southern Selkirk caribou relocated to Revelstoke area

One cow from the South Selkirk herd and two from the Purcells were moved this week

Scammers using Castlegar home for rental fraud

Local realtors say the problem is happening more frequently with their properties

West Kootenay radio club says local network in need of upgrades

Club president Lane Wilson estimated $100,000 of work required

B.C. opioid crisis to get same world-renowned treatment approach as HIV/AIDS

A program that focuses on treatment as prevention will roll out Jan. 17

Olympian snowboarder Max Parrot diagnosed with Hodgkin’s lymphoma

Each year in Canada, approximately 900 people are diagnosed with Hodgkin’s lymphoma

‘Prince of Pot’ Marc Emery accused of sexual assault, harassment

Emery denied the allegations, but a Toronto woman says she is not the only one speaking out

Vancouver Island photographer makes National Geographic’s 2018 elite

Rare double honour for Marston from the 36 best Your Shots out of nearly 19,000 photos

Ex-Liberal candidate in Burnaby, B.C., says volunteer wrote controversial post

Karen Wang dropped out following online post singling out NDP Leader Jagmeet Singh’s ethnicity

Asteroids are smacking Earth twice as often as before

The team counted 29 craters that were no older than 290 million years

Canada’s arrest of Huawei exec an act of ‘backstabbing,’ Chinese ambassador says

China has called Canada’s arrest of Huawei chief financial officer Meng Wanzhou ‘politically motivated’

In limbo: Leftover embryos challenge clinics, couples

Some are outright abandoned by people who quit paying storage fees and other couples struggle with tough decisions

BREAKING: Jury finds man accused of killing B.C. girl, 12, guilty

Twelve-year-old Monica Jack disappeared in May 1978 while riding her bike along a highway in Merritt, B.C.

Most Read