MEDIA RELEASE
FOR IMMEDIATE USE
SASCU Hosts 78th Annual General Meeting
SALMON ARM (May 7th, 2024) – SASCU Credit Union hosted their 78th Annual General Meeting for members on Tuesday, May 7th, 2024. The in-person event held at the Prestige Harbourfront Resort provided a lunch buffet to the attendees. Online attendance was also an option, allowing members to join from the comfort of their homes, offices, or remote locations.
The meeting included a review of 2023 financials, including a presentation from auditors MNP. SASCU finished the year strong with pre-tax earnings of $4.3 million.
Board Chair Dave Witt shared his pride in SASCU’s success amidst a year of excessive inflation, inconsistent employment opportunities, and Bank of Canada high interest rates. “Our ability to maintain profitability bolsters member confidence and ensures we are able to continue to have a profound impact in our communities,” Witt said.
“I’m incredibly pleased with SASCU’s success throughout 2023,” said SASCU President & CEO Barry Delany. “Looking ahead we anticipate continuing and heightened challenges, which we have well-positioned SASCU to navigate and continue moving forward.”
The results of SASCU’s Board of Director election were also announced. Five fellow members put their names forward for the three spots available to join SASCU Board of Directors. Dawn Dunlop was successfully re-elected, joined by Steve DeBoer and Riley Boudreau. DeBoer is a finance and accounting professional who maintains strong community connections serving as longstanding volunteer and board member with several organizations in the Shuswap. Boudreau is a self-described serial entrepreneur and philanthropist, with substantial contributions locally and internationally. His career focus has been in the Technology sector. Former directors John Schlosar and Joan Ragsdale were appreciated and recognized for their contributions and commitment during their tenures.
The 2023 Annual Report can be found at http://www.sascu.com/about/governance under resources or at any SASCU branch.
ABOUT SASCU
SASCU Financial Group offers a broad range of personal and business financial services through SASCU Credit Union and its three lines of business, SASCU Insurance, SASCU Wealth and Commercial banking. SASCU Credit Union branches are in Sicamous and Sorrento, plus two in Salmon Arm. Insurance offices are located in Salmon Arm and Enderby. Established in 1946, SASCU has more than 20,000 members, 165 staff and $1 billion in assets. In addition, SASCU stewards $235 million in client investments and serves more than 5,000 insurance customers. Learn more at sascu.com
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MEDIA CONTACT
SASCU Financial Group
Barry Delaney
President & Chief Executive Officer
250.833.1310 | barrydelaney@sascu.com
