MEDIA RELEASE
FOR IMMEDIATE RELEASE
Members Join at SASCU Annual General Meeting
SALMON ARM (May 7th, 2025) – SASCU Credit Union hosted their 79th Annual General Meeting for members on Tuesday, May 6th, 2025 at the Prestige Harbourfront Resort. A record 108 members attended the event with a few joining virtually.
After a period of visiting and enjoying the lunch buffet, the proceedings began. The meeting opened with an Aboriginal welcome by Kenthen Thomas, a member of the Secwépemc Nations and Peoples.
Board Chair Dave Witt served as Master of Ceremonies, noting among other highlights the return of $220,000 in community support in 2024. President & CEO Barry Delaney discussed SASCU’s path forward with a new strategic plan including five areas of focus: Community Impact, Engage Members, Be Resilient, Differentiate Locally, and Embrace Partnerships.
A review of 2024 financials, including a presentation from auditors MNP, highlighted steady financial returns from the credit union and its subsidiaries SASCU Wealth and SASCU Insurance Services Ltd. Significant is the growth of SASCU’s capital base to $75 million, a key indicator of stability and resilience. SASCU finished the year strong with pre-tax earnings of $4.3 million.
Vice Chair Constance Ladell shared insights into the fresh strategic alignment of committees of the Board and the new strategic plan. Nominating Committee Chair Dawn Dunlop announced SASCU’s Board of Director election results. Newcomer Doug Easterbrook joins incumbents Constance Ladell and June Stewart for the new term.
The 2024 Annual Report can be found under Reports on the News and Events page at sascu.com/about/community/news-and-events/ or at any SASCU branch.
About SASCU
SASCU Financial Group offers a broad range of personal and business financial services through SASCU Credit Union and its three lines of business, SASCU Insurance, SASCU Wealth and Commercial banking. SASCU Credit Union branches are in Sicamous and Sorrento, plus two in Salmon Arm. Insurance offices are in Salmon Arm and Enderby. Established in 1946, SASCU has more than 19,000 members, 150 staff and $1 billion in assets. In addition, SASCU stewards $235 million in client investments and serves more than 5,000 insurance customers. Learn more at sascu.com.
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Media Contact
SASCU Financial Group
Barry Delaney
President & Chief Executive Officer
250.833.1310 | barrydelaney@sascu.com
