Annual Report & AGM Information

Our 35th Annual Report is now available for downloading. I am pleased to report that, despite a decrease in overall profitability Companion Credit Union weathered the storm of 2008/2009 incredibly well, and the results shown in the annual report are testimony to this

The main highlights for the year are as follows:
- Total Assets increased by $8.8M to $268.2M as at 30 June 2009. Loan balances outstanding increased $6.1M (or 3%) to total $215.3M at the end of the financial year.
- Loans funded during the year totalled $51.4M, down slightly from the previous year, with home mortgage lending accounting for the bulk of new loans.
- The balance of Members Funds on deposit increased by 6% year on year with Term deposits making up the majority of the $13M in member deposit growth.

Important Dates:
- By 30th October registered members will receive a copy of the Annual Report in the mail
- 23rd November 6.30pm deadline for Proxy forms to be lodged
- 25th November 6pm, Annual General Meeting (Maitland City Bowling Club, Rutherford)

To RSVP for the Annual General Meeting phone 49911744 or email agm@companion.com.au  

Ray

October 26th, 2009 | Leave a Comment »