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AGM Summary Report 2022

Wednesday 20th Dec, 2023

 

We held our 24th Annual General Meeting (AGM) in online on 6 December.

 

Dividends

Members voted to declare Dividends on savings accounts of:

• 1.0% on all Adult and Junior Saver Accounts;
• 1.0% on Community Accounts;
  based on the daily balances during the year to 30 September 2022.

 

Elections

Chloe Birr-Pixton, Tony Craggs, Alan Hignett and Andy Stankard were elected to the Board of Directors for three years.

 

Annual Report and Accounts

Members received the Annual Report and Accounts and re-appointed the Auditors, Jacksons Accountants.

Questions were asked and answered on the interest rates charged on loans, where members’ funds are invested and the impact on the Credit Union of the recent spike in energy costs.

 

Rule changes

The meeting considered two Rule change proposals from the Board of Directors.  The first was to amend Rule 7 (Eligibility for Membership criteria) to include anyone who lives or works in any part of the YO postcode area, or works for named employers or in named occupational groups.   The second was to amend Rule 14 (Junior savers) to raise the age at which Junior savers convert to full adult membership from 16 to 18.    Both proposals were approved by the necessary two-thirds majority.

 

Other Business

It was agreed to give a donation from the Credit Union to eight organisations supporting the communities we serve:

The Cherry Tree Centre, Beverley (advice, food and a credit union contact point); Love Driffield (community hub); The Hinge, Bridlington (resettlement, community support for children and families); The Two Rivers Community Pantry, Goole; Health Tree Foundation, Scunthorpe (supporting local hospitals); The Shores Food Bank, Withernsea; Unity in Community, North Hull; West Marsh Community Centre, Grimsby.

 

The work done by our Workplace Champions to promote credit union membership among their colleagues was recognised by the award of Certificates and small gifts, and members were updated on the progress of our Friendly Folk Members’ Lottery.

An interesting presentation was made by Neville Styles of the Yorkshire Adventurers about their forthcoming challenge to complete the Paris Dakar Rally to raise funds for Help for Heroes.

A closing prize draw was held and ten members were selected at random to receive a £10 gift voucher.

We thank all members who supported our virtual meeting and all our helpers, especially Jackie at ABCUL for running the meeting so smoothly and Melisa for the brilliant Twitter feed.

 

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