CCEC’s Board of Directors invites you to join us to discuss the future of the credit union and the upcoming Annual General Meeting.
CCEC is a member-owned financial co-operative and the Board seeks your thoughts about our future.
The credit union sector in British Columbia is facing enormous pressure with ever increasing regulatory requirements, rising costs and low margins resulting from historically low interest rates.
While CCEC’s financial position is strong and we will be reporting healthy earnings in the year ending September 2020, our long term financial planning indicates we will face challenges. Across the province, over 25% of credit unions are currently considering a merger or acquisition.
CCEC’s Board has initiated some informal discussions with other credit union boards about what they are experiencing and what, if any, opportunities there may be to collaborate and/or join forces.
This is also a great opportunity to learn more about CCEC if you are interested in running for the Board at the AGM on February 4, 2021.
Please RSVP to Joanne and we’ll send you a Zoom link closer to the date. Thank you and we look forward to seeing you at a virtual town hall meeting.
Virtual Town Hall Dates:
- Thursday, December 10th 7:00pm – 8:30pm or
- Saturday, January 16th 10:30am – 12:00pm