AGM & SGM 2025 – Key Highlights and Annual Report

Last week, we held our Annual General Meeting (AGM) and Special General Meeting (SGM), and it was fantastic to see such a strong turnout from our members. Thank you to everyone who joined us on the night and took part in shaping the future of the credit union.

The session was hosted by Jackie Littlewood from ABCUL, with updates and insights shared by Jim Stott (Chair), Ciara Davies (CEO), and Carol Strand (Treasurer). Together, they reflected on the past year, celebrated key achievements, and outlined what’s ahead.

One of the major highlights was hearing about the progress the credit union has made over the last year. Our CEO, Ciara Davies, shared that we’ve smashed the targets set by the Board, with the credit union now supporting an additional 1,400 members and providing £1.1 million more in loans compared to this time last year. This growth reflects the continued trust and support of our members, and our commitment to improving financial wellbeing across our community.

Members also voted to approve a 2% dividend, rewarding members for saving with the credit union. In addition, a £1,500 charity donation was agreed, which will go to Beacon Counselling Trust, who offer free, confidential support for gambling-related harms.

During the SGM, members approved an extension to our common bond, an important step that will allow our planned merger with The Money Co-op to go ahead. This marks a significant milestone for the credit union and will help us grow, strengthen our services, and support even more members in the future.

Take a look at our Annual Report and the AGM/SGM presentation slides. We’ll also be sharing clips from the evening across our social media channels over the next week, including key moments from the speeches and updates from the night.

Once again, thank you to all our members for your continued support - and to everyone who joined us to make this year’s AGM and SGM such a success.