Lorne Westnedge re-elected chair of Nelson and District Credit Union

Elections happened at the NDCU’s 68th annual general meeting

Nelson and District Credit Union held its annual general meeting recently. File photo

Submitted

Longtime Nelson and District Credit Union director at large Lorne Westnedge has been re-elected board chair. Fellow director at large Laureen Barker was re-elected first vice-chair while Nelson representative area director Michael Bancroft was elected second vice-chair.

The elections followed the credit union’s 68th annual general meeting at the end of last month, which included a discussion of the proposed merger of six credit unions in the Kootenay Boundary.

In a news release, the credit union said the past year’s high points included positive growth in assets, members’ deposits and members’ loans, while also distributing close to $93,000 to community organizations within the West Kootenay region, and completing Trusted Advisor training with its employees.

“We continued to make changes internally by reorganizing management responsibilities to better position ourselves for the changing financial services landscape,” CEO Tom Murray said.

“Also, every NDCU employee completed professional-development training in 2018, with the objective of providing the best possible service and advice to our members. We introduced new tools for members, such as e-Transfer enhancements and Docusign, which enables you to execute documents without coming into a branch, and we installed new ATMs in all our communities.”

Assets increased by 6.3 per cent to over $230 million, members’ deposits increased by 6.5 per cent to $211.5 million, members’ loans increased by 13 per cent to $190.9 million, community investment since 2000 reached $3.53 million, and strong growth was reported from subsidiaries KIS Ltd and NDCU MoneyWorks.

At the AGM, newly acclaimed director Greg Stacey was introduced. He will serve as a director for the Nelson area for two years. Acclaimed directors Bancroft, Barker and Colin McClure were also introduced. Bancroft and McClure will serve as directors for the Nelson area while Barker will serve as director at large, all for three-year terms.

Results from a recent special resolution vote were also announced. The purpose of the resolution was to allow members to vote for directors and other special resolutions electronically, in addition to in person at branch offices or by mail ballot. To enable the board to make this change, amendments to the credit union’s rules must be approved by the credit union’s members. Voting in all branches took place between April 16 and 18. The final vote was in favour of making the required rule changes.

Just Posted

Kootenay Co-op Radio calls for support to avoid deficit

The annual funding drive is important to the station’s financial health

DATELINE 1969: Narcotics seminar hears call for drug law reform

Greg Scott digs into the Nelson Daily News archives

Motion calls on Rossland city council to recognize ‘climate crisis’

Andy Morel wants to raise awareness of urgent need for action by higher levels of government

Police investigating man’s death in Winlaw

Foul play not established, but major crimes unit is investigating

CHECK THIS OUT: Enquiring minds want to know

Anne DeGrace writes about the diverse reasons people use the library

B.C.’s fight to regulate bitumen through pipelines to go to Canada’s top court

BC Appeal Court judges found B.C. cannot restrict bitumen flow along Trans Mountain pipeline

Kootenay man arrested and charged in 2015 murder

Nathaniel Jessup 32 of Creston has been charged with the second-degree murder of Katherine McAdam and offering an indignity to a body.

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

B.C. man, 30, arrested for driving his parents’ cars while impaired twice in one day

The Vancouver-area man was arrested after officers caught him driving impaired twice in one day

New airline regulations bring compensation for tarmac delays, over-bookings

Some of the new regulations will roll out in July, while others are expected for December.

GALLERY: First responders in Fernie return baby owl to its nest

The baby owl’s inability to fly back to its nest prompted a rescue by first responders

More than half of Canadians support ban on handguns, assault rifles: study

Divide between rural and urban respondents in latest Angus Reid Institute public opinion study

Spring rain needed as B.C. sees one of the lowest snowpack levels in 40 years

Snowpack levels in B.C. recorded on May 15 were similar to those in 2015 and 2016

Theresa May to quit as party leader June 7, sparking race for new PM

The new Conservative leader will become prime minister without the need for a general election

Most Read