Best Year Ever For Hi-Scot Credit Union
23rd December 2019
As 2019 draws to an end, the staff and volunteers at HI-Scot credit union are reflecting on a successful year for the organisation.
"We are pleased to report that 2019 was another twelve months of growth for HI-Scot," said Margaret Ann MacLeod, Chair of the Board of Directors, "This is good news not only for the credit union, but for our members and the communities we serve across the Highlands and Islands."
At the recent HI-Scot AGM, the members attending approved a 0.5% dividend. The AGM took place in six venues across the Highlands and Islands, using tele-conferencing to allow members from different areas to participate.
"In the current financial climate, this year's dividend is a positive indicator of HI-Scot's position in the community," said David Mackay, HI-Scot's General Manager, “We are proud to offer a range of services to our members and provide a real alternative to high street banks.”
One of the benefits of banking with HI-Scot is that members' money stays within the financial community of the Highlands and Islands. Owned completely by their members, the credit union does not have external shareholders, so any profits are ploughed back into the organisation - for example, in the form of an annual dividend.
“Of course, your money is completely safe with HI-Scot, as we are covered by the Financial Services Compensation Scheme,” adds David Mackay, “Saving and borrowing with the credit union makes a lot of sense.”
Why not make it your New Year's Resolution to check out what HI-Scot can offer you?
For more information see www.hi-scot.com
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A new £15 million fund has been announced to support affordable lending services. It will support Credit Unions and Community Development Financial Institutions (CDFIs) which offer financial help to those who have poor credit and are often turned away from high street banks.
International Credit Union (ICU) Day celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences.
If your business would like to support employees in building a regular saving habit, call HI-Scot Credit Union..
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Hi-Scot Credit Union covers the Highland and Islands and is membership organisation covered by the Financlal Services Authority Directors are elected each year and are unpaid volunteers with professional staff running the day to day business. Online banking has recently become available for members.
Hi-Scot Credit Union is a membership organisation covered by the Financial Services Authority who guarantee savings in credit unions. It makes sense to save with us Everyone benefits from regular saving, as it allows us to work towards our financial goals and gives peace-of-mind should an emergency arise.
COVID-19 (coronavirus) information. We're here to help We're here to support you in a number of different ways.