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Hi-Scot Credit Union Annual General Meeting - Extension Meeting In Wick

10th December 2018

Photograph of Hi-Scot Credit Union Annual General Meeting - Extension Meeting In Wick

Hi-Scot Credit Union has its Annual General Meeting on Wednesday 12th December 2018 at 4.00pm.

The office of the credit union is based in Stornoway and due to the geography of Highland and Islands has moved more and more online.

This year for the first time the AGM wlll be connected to Wick to allow any local members to attend. In Wick the meeting will join from Pulteney Centre.

AGM's do not usually last long and it is anticipated to last around 15 minutes. It is also chance to come along and ask questions or to find out more about joining.

Growth over the last financial year has been strong by any measure — record member numbers, record deposits and record lending. This has only been possible thanks to our staff, and the support of the volunteers who assist the work of the credit union. What the credit union does — savings and loans — looks fairly straightforward. However, to make this happen and to maintain business viability takes a dedicated team and I would like to thank each one of them for their commitment and professionalism over the last 12 months.

Membership has increased to around 3000 members.

Hi-Scot now has £3.7m of members savings with £1.9m of this on loan to fellow members.

Hi-Scot has merged with Shetland Islands Credit Union a few months ago.

Last 12 months

• £1.4 million in loan applications

• £1.1 million in loan approvals

• £2.2 million in member deposits

• 34,000 member transactions

 

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