Message from the Chair of the
Board of Directors
To say that 2015 was an exciting year would be an understatement! We asked you, our members, to consider a merger with Access Credit Union at our Annual Meeting in April of 2015, at which you showed tremendous support. Of our members who voted on the merger proposal, 95% voted in favour. The Board of Directors was overwhelmed by this show of member support. In the end, the merger was not approved by Access Credit Union members. We believe that this proposed merger was the right thing for our credit union and although the outcome was not what we had hoped for, with that experience came learnings and the confirmation that we are a strong, independent credit union with a great deal of opportunity ahead of us.
The proposed merger process affirmed the importance of our values to our whole credit union, members and employees alike. In order to deepen our communication of our commitment to values-based banking, Assiniboine launched a new positioning line, money doing more. I am proud we are able to use financial services to add value to our members and the communities we serve. While our greatest impact is right here in our communities, we are also proud to be part of a growing global movement through the Global Alliance for Banking on Values (GABV). I had the honour of building relationships and learning from our peers at the GABV AGM in Paris this past March as well as at the GABV Governing Board Forum meeting in Copenhagen in early November.
As the board of directors you have elected to govern the credit union, it is important to connect with our peers, but it is most important that we connect with you our members. We are very passionate about serving you and take steps each year to ensure that our connection with members is strong. We continued with our annual branch visits in the fall, participated in volunteer and community events and had a great opportunity to network with many of you at the annual meeting in April where we had record member attendance.
This year, we welcomed Paul Lacap as a new board member and celebrated the retirement of our good friend and long-standing board member, Craig Lee. I would like to say a special thank you to Margaret Day for her leadership as Board Chair. Margaret played a key role managing the merger discussion, was critical to the very successful onboarding of our new CEO and was indispensable to me as I took on the role as Board Chair in August.
As we look forward to 2016, I am excited by the opportunity ahead. Our board will ensure ACU remains a strong, financially sustainable, growing credit union with a vision no different from that of our founders who understood that every dollar into the credit union was a dollar reinvested locally. Supported by over 450 highly committed branch and head office employees, we have strategies in place designed to ensure we compete in this ever-changing, very challenging financial environment.
On behalf of our board of directors and every employee of ACU, I would like to thank you for showing us your support every day by choosing to be members of our credit union and making us your financial institution of choice.