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2017 Annual General Meeting

Copperfin Credit Union Announces Strong Financial Results At AGM
Local Company Grows While Putting Members First And Giving Back More

Kenora, ON – Copperfin Credit Union announced financial results at their Annual General Meeting on Thursday, April 19, as well as welcomed new and returning Directors.

Highlights from 2017 included growth in both assets and profit, the opening of a new branch in Thunder Bay, and increasing investments in staff, Members and communities.

“This past year has been both challenging and momentous as we’ve really started to find our stride as an organization.” stated Dennis Alvestad, CEO of Copperfin. “We were happy to welcome many new Members as we continue to provide sound financial advice in their best interests. And, we’ve done this while creating a great organization for our team members, and continuing to give back more to our local communities.”

Highlights
• Assets increased by 10% to almost $400,000,000
• Net Income increased 7% to $2,500,000
• Gave back eight times more to the community than Big Banks for every dollar of business
• Added a third Thunder Bay branch, the 7th branch in Northwestern Ontario
• Sharing over $400,000 in profits with Members, the fourth straight year they’ve returned profits
• 2018 will focus on investing in the people and systems needed to continuously improve the honest, advice-based Member experience they provide

At the AGM Copperfin welcomed back Directors Kevin Burns and Robert Jankovic, and new Directors Jordan Calonego and Lindsey Roehrig, for three-year terms. Scott Kennedy was also welcomed back for a one-year Director term.

Full financial results available at copperfin.ca/annualreport