Robust Asset Growth and Plans for New Head Office Highlights 2015 Successes for North Peace Savings & Credit Union

North Peace Savings & Credit Union’s financial results and year in review highlights were shared at their Annual General Meeting


Fort St John, February 10th – Members were eager to hear more about North Peace Savings & Credit Union’s (NPSCU ) financial success and future expansion plans at the credit union’s 69th Annual General Meeting.

Modernization. Innovation. Dedication.
These three words define NPSCU’s strategy leading to their success this past fiscal year. Transforming the way they continue to serve members’ financial needs lead to increased member satisfaction and ability to simplify and enrich member’s lives with locally relevant solutions. Modernizing the Hudson’s Hope Service Centre not only reinforced NPSCU’s long term commitment to the community of Hudson’s Hope, but it also allowed them as the sole financial institution in the area to provide 72 hours of service for members each week.  

NPSCU’s evolving service innovation ensured that they continue to meet the personal and business financial needs of North East British Columbia. Remaining committed to meeting their members’ needs was at the forefront of their organization and they look forward to continuing to establish themselves as the go-to financial services provider. Mitchel Chilcott, CEO expressed that, ‘ Building a new service centre gives us the opportunity to contribute to positive growth and development in our community, while preparing for continued growth of our credit union.” In doing so, the credit union upholds its vision of being the preferred financial institution among small and medium sized businesses and residents in every community that they serve, delivering a service experience where, when and how a members wants. Planning for the new building is still is the discovery stages and will be developed and communicated later in 2016.

Snapshot of NPSCU’s financial numbers for the fiscal year ending September 30, 2015
Membership growth of 5.7%
Asset growth of 18% to $461,287,000
Invested  $ 94,568,153  in business loans to support local small and medium enterprises
Supported community programs with $131,377 in funding
Total asset under administration $968,982,275

Pushing Boundaries
Momentum for success builds into 2016 as NPSCU continues to grow.  Announced for 2016, NPSCU will be expanding outside of the North Peace and Northern Rockies regions! The credit union will be landing in the South Peace region with a branch in Dawson Creek as well as increasing its brand awareness to the North Coast area of British Columbia as well.  NPSCU is looking forward to providing service to its existing membership in these regions, while meeting the unmet financial needs of small and medium sized businesses in these areas.

For a complete version of our 2014/2015 annual report, please click here.

About North Peace Savings & Credit Union
North Peace Savings & Credit Union (NPSCU) is a full-service financial organization offering retail and business banking, investment and insurance products.  Located in Northeast British Columbia, NPSCU has proudly served the north for over 65 years.  With 13,000 members amongst its four branches, NPSCU remains committed to the social and economic well-being within the communities it serves.  NPSCU is the recipient of the National Credit Union Innovation Award, Canada and runner up for the Innovation Award through the Credit Union Executive Society.

  
  
For more information, please visit npscu.ca or contact:

Heather Desarmia
Public Relations and Social Media Specialist
North Peace Savings and Credit Union
10344 100 St. Fort St John, BC V1J 3Z1