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2023 AGM Reports and Board Election Results

NLCU’s 66th Annual General Meeting (AGM) took place on April 16, 2023, as a virtual event. Major highlights reported for 2023 included:

  • The adoption of a new five-year strategic plan for NLCU;
  • The Board of Directors' decision to hold all future AGMS in a virtual setting;
  • The launch of Small Business Loan Guarantee Program by the Provincial Government, and;
  • The product launch of the First Home Savings Account for first-time homebuyers.
NLCU’s financial position remained strong at the end of 2023. Assets grew by approximately 3.0%, loan portfolios, by 1.6% and deposit balances, by 5.3%. Net income after tax of $1.1 million was transferred to retained earnings for a year-end total of almost $27.3 million. Click here to access the 2023 Annual Report and here for the audited financial statements.

This year, three eligible candidates ran for three available seats on NLCU’s Board of Directors. The following candidates were elected by acclamation: Patrick Collins, John Dyall, and Raymond Piercey. An election of Board officers was conducted in a Board of Directors meeting immediately following the AGM. Maureen Singleton remains as Board President and Chairperson, Allan Skanes, as 1st Vice President, and Patrick Collins, as 2nd Vice President.

Suspicious Website Alert for collabriacreditcards.life

Our credit card partner, Collabria, recently identified a suspicious website, collabriacreditcards.life, which appears to be a phishing site designed to capture Collabria cardholder details. While not yet live, the placeholder site currently being displayed is likely to be modified to closely resemble the official Collabria website. The page description is identical to that of Collabria Financial. Please be assured that Collabria’s security team is actively working to address this risk and mitigate any potential harm to cardholders.

Official Collabria Websites and Applications

Please note that the following are the only official Collabria websites and applications:

Protect Your Credit Card Information

We want to remind our members of the importance of remaining vigilant when conducting any credit card transactions or managing your credit card accounts online. Please be sure to take the following precautions:

  • Always exercise caution when providing your Collabria credit card details online.
  • Regularly review your credit card statements for any suspicious activity and promptly report any unauthorized transactions to Collabria.
  • Only access the above-noted official Collabria websites and applications when managing your credit card accounts or submitting a card application.
  • Avoid clicking on links from unknown sources.
Learn more about securing your accounts online by visiting Get Cyber Safe.

Begin Your Estate Planning Journey:

A Free Estate Pre-Planning Workshop

Have you made plans to take care of yourself now and in the future? Do you have plans in place to care for the people closest to you when you are no longer around?

You understand the importance of estate planning, but you don’t know where to start. NLCU is pleased to host a special online workshop featuring guest presenter Doug Carroll, resident estate expert at Aviso Wealth. The goal of this workshop is to give you the comfort, confidence, and certainty to get started with your estate planning, and to complete the task.

Register Today

Date: Tuesday, April 23, 2024, beginning at 7 p.m. NDT (7:30 p.m. in most of Labrador)

Speaker: Doug Carroll, Tax & Estate Specialist at Aviso Wealth

Platform: Zoom

Cost: Free

Click here to register.

Estate Planning Workshop Materials 

Click the links below to download the documents for the estate planning workshop:

About the Presenter

Doug Carroll is the Tax & Estate Specialist for Aviso Wealth Inc., a wealth management partner to credit unions across Canada. He previously ran an estate planning law practice, and was an advanced case consultant with a life insurer and a mutual fund provider. Doug also holds a business degree and a Master of Law specializing in Tax, and is qualified as a Certified Financial Planner and a Trust & Estate Practitioner. He’s been doing this for 25 plus years, now supporting our financial advisors, from written articles to individual case consultations, and online sessions like this one.

Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Credential Qtrade Securities Inc. (including Credential Securities, Qtrade Direct Investing, Qtrade Advisor, Qtrade Guided Portfolios and Aviso Correspondent Partners), Credential Asset Management Inc., Credential Insurance Services Inc., Credential Financial Strategies Inc. and Northwest & Ethical Investments L.P.


NLCU Named one of Atlantic Canada's Best Places to Work 2024

Presented annually by Atlantic Business Magazine, the Best Places to Work in Atlantic Canada ranking recognizes employers that are taking the lead when it comes to creating attractive and supportive work environments for employees. NLCU was chosen from 179 nominations based on performance in the areas of: corporate culture; work/life balance; diversity, equity and inclusion; benefits/remuneration; incentives/rewards, and; professional development and opportunity for career advancement.

In its January/February 2024 edition, Atlantic Business Magazine recognized NLCU as a best place to work in Atlantic Canada for its flexible work hours, remote work opportunities, employee service awards, health benefits, employer contributions to RSP plan, professional development and mentorship opportunities, and more. NLCU has made top employer lists in Atlantic Canada 22 times and won two best employer awards.


Celebrating 75 Years of International Credit Union Day®

On Thursday, October 19, 2023, NLCU and other credit unions in our community and worldwide will come together to celebrate the 75th anniversary of International Credit Union Day® and the role that financial cooperatives play in improving the communities we serve and the lives of members the world over.
We invite you to join us in recognizing this important day:

  • Make a donation to the NLCU Fall Food Drive at any one of our 12 branch locations by October 31, 2023.
  • Drop by your nearest NLCU branch and say hello to our amazing team members.

All credit unions share a common goal: To offer access to affordable financial services to members, providing people and businesses with the tools and opportunities to be financially successful. Making life choices and dreams a reality is the credit union difference that makes a real impact in our world. The credit union movement’s cooperative spirit is embraced by 393 million members who are served by more than 87,000 credit unions in 118 countries worldwide.

International Credit Union Day 2023 is a celebration of the impact credit unions and other financial cooperatives have made and continue to make for members.


Media Centre

Annual Report and Audited Financial Statements Available

NLCU's Annual General Meeting was held virtually on April 16, 2023. During the meeting, the Board of Directors reported on governance activities and the CEO reviewed operations and financial results for 2023.

LEARN MORE

Notice of Suspicious Website, collabriacreditcards.life

Collabria recently identified a suspicious website, collabriacreditcards.life, which appears to be a phishing site designed to capture Collabria cardholder details.

LEARN MORE

Begin Your Estate Planning Journey: A Free Estate Pre-Planning Workshop

An estate plan helps you take care of yourself now and in the future, and to take care of loved ones when you are no longer around. Learn how to get started with your plan.
 

COVID-19 Update to Members

NLCU is committed to keeping our lines of communication open to inform you of our latest COVID-19 safety measures.
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