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Enterprise Credit Union pays out over £240,000 to members in dividends after AGM

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15 Feb 19

Enterprise Credit Union shared with members at their AGM this week that a staggering £5 million was lent to members during a busy Christmas period.

After their AGM, the Merseyside-based credit union confirmed that all members will be awarded a 2% dividend – a total pay-out of over £240,000.

Chair Anthony Denny, welcomed members to the 30th anniversary AGM and shared significant milestones that the credit union has reached since its humble beginnings. Since its launch, a total of £100 million has been lent to members and in 2017 a record best of £20m was lent to members. Board member Paul Jones, introduced some of the big changes to ECU this year, including adding the area of Warrington to its common bond, as well as offering United Utilities staff payroll deduction in the area.

Chief Executive, Karen Bennett reflected on the growth during her 20 years of service at ECU saying: “I can’t thank enough everyone who’s played a part in getting us this far. We’ve passed some outstanding milestones since 1988. 30 years, 6 branches, £100m lending so far and 28 staff members later, we’re all beaming with pride at how far we’ve come”.

ABCUL President Robert Kelly spoke to members at the AGM and is proud to see the growth of the credit union, Robert said: “To see the growth and success of the credit union over the years has been fantastic. ECU will continue to thrive under the leadership of Karen and her dedicated staff team. They are a shining example of the credit union ethos of ‘people, helping people’ and I look forward to seeing ECU maintain its position as a valuable asset in the communities they serve in the many years to come”.

 

 

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