2023 ANNUAL REPORT
Purpose
in
Action
Cooperative values driving change and enriching lives.
YOU'RE INVITED TO OUR
83rd Annual General Meeting
83rd AGM
NOTICE OF AGM
Annual General Meeting of
Sunshine Coast Credit Union
April 23, 2024, 6pm
Pre-Register for our Virtual AGM:
604-740-2662
[email protected]
AGENDA
- Call to Order
- Introduction of Officers
- Adoption of the Rules of Order
- Appointment of Recording Secretary & Parliamentarian
- Adoption of Minutes of the 82nd AGM, held May 2, 2023
- Business Arising out of the Minutes
- Directors’, CEO, and Financial Report
- Auditors’ Report
- Appointment of Auditors
- Motion to Authorize the
Directors to Set the Audit Fee - Directors’ Election Results
- Member Questions & Comments
- New Business
- Adjournment
From the CEO & Chairperson
Shelley McDade, CEO & Richard Wilson, Chairperson
The financial landscape of 2023 provided Sunshine Coast Credit Union (SCCU) an opportunity to demonstrate why financial co-operatives matter and how we make a positive difference in people’s lives. By coming together within a credit union, our members are able to support one another in their financial needs, help each other realize their dreams, and strengthen our community.
Our solid financial foundation empowered SCCU to meet the needs of our members while navigating rising interest rates and inflationary pressures. Through prudent financial management, SCCU was able to support our members during an unpredictable operating environment. As always, our actions reflected the best interests and needs of the co-operative – like providing competitive interest rates for depositors (achieving $26.2 million net growth in deposits) and supporting homeowners with strong advice to navigate a high-interest environment. SCCU ended the year with solid financial performance, maintained a stable capital position and is prepared to respond and adjust to an ever-changing economic environment in 2024 and beyond.
vision
We enrich lives and community where our members live and work.
mission
We create value for members through:
- Strong financial performance
- Supporting member financial wellness
- Engaged, innovative employees
- Collaborative and co-operative principles
- Unparalleled eco-systems that support members, employees, and community
values
Integrity: We are authentic, fair, honest, accountable, and respectful.
Passion: Dedicated to creating value for our stakeholders.
Member-Centric: Our actions always reflect the best interests and needs of our members.
2023 Highlights
Stronger Together
We’re committed to building stronger communities in addition to enhancing the financial wellness of our members.
We continue to focus on 6 of the Sustainable Development Goals in our mission to affect meaningful change to the pressing issues that impact our world and the lives of those in our community. In 2023, we donated $80,475 to non-profit organizations through community enrichment grants. We will continue to seek out opportunities to empower the communities we serve.
Making an Impact
Feeding together
With our $10,000 grant given to the Salmon Project, One Straw Society was able to bring elders and the community together to experience stories, traditions, and learning the skills of safely preserving the salmon harvest. Over 200 pounds of sockeye and coho salmon were canned and shared with the participants, the elders, and community members in need through One Straw’s subsidized food programs.
Health & Wealth
Wellness Fest brought the Gibsons Public Market to life on Global Wellness Day weekend. It featured enriching workshops, live music, gourmet food, and a market of local wellness vendors. It also offered a platform for community members to connect with local wellness entrepreneurs, highlighting our collective journey toward physical, mental, and financial health. Thanks to everyone who joined us!
Building Together
Tapworks Cup, hosted by Tapworks Brewing company and presented by Sunshine Coast Credit Union, was a co-ed soccer tournament raising funds for more affordable housing projects.
Profits raised went towards Sunshine Coast Affordable Housing Society, a non-profit society with a mission to create affordable homes all around the Sunshine Coast.