#Locations for unity credit union full#

UCU staff continue to demonstrate the business’s commitment to community, volunteering more than 750 hours in the community which included delivering 112 meals through the meals on wheels program. The financial successes we experienced as a credit union were hampered by the need to book allowances for potential losses due to the economic challenges present in our world.” The projections that economic conditions were improving were hampered by prolonged challenges for members caused by the extended effects of COVID. There was anticipation that the agricultural industry would lead economic recovery but that anticipation was hampered by extremely hot dry weather for an extended period of time drying up crops and pastures. The year began with the anticipation and excitement that vaccinations might curb the coronavirus disease, but these expectations were hampered by the arrival and spread of new variants. “I would prefer to use the word hampered to describe 2021.

#Locations for unity credit union full#

In his first year as president, Soloski said the word he would use to describe 2021 would be 'hampered' and his full statement is available in the annual report available to all members. Soloski also noted UCU allocated $400,000 for member patronage in 2021. Our margin between interest received and interest paid continued to be impacted by low interest rates and a very competitive interest rate environment.' 'Through the year, members began to borrow cautiously again, resulting in an increase in our loan portfolio for a new all-time high of $210 million. In his address to members, board president, Michael Soloski, said, “We grew over $26.5 million in 2021 to end the year with an asset base of $324.7 million, the highest result in our history. UCU remains the largest single-branch credit union in the province and the 12th largest credit union in Saskatchewan. While 51 people, including staff, were present online, it was noted the meeting was being recorded and would be available online as well. UNITY - For a third straight year, Unity Credit Union held their annual general meeting virtually.