The Flin Flon Credit Union held their Annual General Meeting Wednesday night.
President Rod Gourlay reported a successful 2016 noting the Credit Union passed the 50 million dollars asset milestone ending the year with 50.9 million in assets and a net income of 207 thousand dollars after taxes and allowances for doubtful loans. Financially the Credit Union improved its capital position bringing total equity to 3.5 million dollars to help ensure a strong and stable future for the organization.
The Credit Unions newest director Lorna Quinn was officially welcomed to the Board as her recent appoint was ratified by the membership. Three Board positions were up for election this year and incumbents Tom Fehr, Frank Fieber and Tina Tait were all returned to the Board by acclamation.
Copies of the summary financial statements will be available from the Flin Flon Credit Union website www.ffcu.ca.