Thank you to everyone who took the time to attend our 33rd AGM on Monday 24th February. We were very pleased with the turnout and the interaction from our members.

Our chairperson opened the meeting by addressing four key areas:

• Common Bond Extension: We have been approved by our regulator to work with members of the following Trade Unions or Governing Bodies: UNITE, UNISON, PFA and PFA Scotland.
• Interest-Bearing Shares: We rolled out our first and second interest-bearing share accounts at rates of 5.25% and 4% respectively.
• Consumer Duty: We were one of the credit unions selected to submit all our work on Consumer Duty to the regulator. As a result of this, we have had excellent feedback on our approach to the Consumer Duty, and our efforts in ensuring this forms part of our culture and how we do business day-to-day.
• Sunday Times Listed Best Small Place to Work: Our team strive every day to deliver brilliant service to our members and we were delighted to feature on this list.

Dividend

Members in attendance at the meeting approved a rate of 1% paid to all eligible savings accounts. This rate is paid on the balance held from October 1st, 2023, and September 30th, 2024.

CUB Finance Ltd.

Our common bond has expanded to include CUB Finance Ltd. This means we can now offer car finance to all our members. We are working behind the scenes and will bring you more details soon.

Annual Fee

We have removed the £5 annual membership fee to make managing your membership simpler and more accessible. This change also makes it easier for new members to join and enjoy the benefits of being part of our community.