Local News

The Flin Flon Credit Union held their 81st Annual General Meeting virtually on April 20th due to continuing caution with COVID-19.

General Manager Kory Eastman summarized the financial results for 2021 as total assets increased to just over 71.7 million dollars up 4.42 percent. The wealth management area also increased to over 17.3 million dollars in assets
under management as the Credit Union partnered with a new investment group Journey Wealth in2021 to provide further digital options for investments and a larger product lineup. Net income increased 55 percent from 2020 to end the year at just under 238 thousand dollars. Although the Board was unable to allocate any
funds towards patronage in 2021 both the President and GM provided positive expectations that the Credit Union has put in place a new plan to prioritize payout of previously allocated surplus shares and to return to a financial position to again disburse additional profits to members.
The Board of Directors saw a change as Tiffany Mohr’s appointment to replace Lorna Quinn was ratified by the general membership and Darren Grant and Don Scott were returned through acclamation. The other Board members still serving out their terms include Tina Oulette, Dawn Hlady and Ian Lee.

Copies of the summary financial statements are available for download from the Credit Union website.

 

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