Cypress River Credit Union Reports Milestones and Baldur Branch
About 140 members attended the 39th Annual Meeting at Cypress River Memorial Hall on November 30. Tim Klassen and Glenn Young highlighted a year of growth including the Baldur branch opened January 6 1998, staff expanding from 7 to 13, and expanded hours in October 1998. Directors reported 12 regular and 9 special meetings for 1997 98 with total board pay of 7780 and expenses 1558.75. A Refund of 7231.64 from the Rewards Program was noted.
MENTIONED IN THIS ARTICLE
Cypress River Credit Union
Cypress River Memorial Hall
Tim Klassen
Glenn Young
Baldur
Martin Anderson
Board of Directors
Credit Union Deposit Guarantee Corporation
Martin
Glenn
Stilwell Urges Community Strength for Growth At Cypress River
Stilwell author of Scenic Secrets of Manitoba spoke at Cypress River Credit Union's 40th annual meeting on November 30. He urged identifying local strengths to drive development and cited Neepawa's Lily Festival as a small start that grew into a regional commercial project. He noted 15,000 visitors to Neepawa this year and highlighted 1998 gains including US dollar chequing, Ethical Funds, and $20 million in assets. General manager Tim Klassen reported loans up 27 percent deposits up 19 percent and net income up 67 percent, maintaining equity above the 5 percent reserve.
MENTIONED IN THIS ARTICLE
Ill Stilwell
Manitoba
Cypress River Credit Union
Cypress River Memorial Hall
Bill
Stilwell
Neepawa
Winnipeg
Cypress River
Baldur
U.S
Tim Klassen
Cypress River News and Community Notes
Dorothy Young hosted a week with Marlene and Walter Arndt and Regina plus other relatives. Visits included lunch with Bill Wendy Sheri and children. Sympathy extended to Jim McCulloch and Ken Fraser on deaths in Winnipeg. Elaine and Dr Richard Bush visited Josephine Chewings in Cypress River. Baldur branch assets 3 405575 17 percent. loans 3 941418 25 percent as of Sept 30 1998. Profile Banking System cost 75439 paid over six years. Year 2000 systems alignment discussed. Net income 117092 boost retained surplus to 1096936. Directors Jim McCulloch and Yvonne Delichte elected by acclamation.
MENTIONED IN THIS ARTICLE
Dorothy Young
Marlene
Walter Arndt
Regina
Walter
Bill
Wendy
Sheri
Dorothy
Jim McCulloch
George McCulloch
Winnipeg
Ken Fraser
Josephine Chewings
Elaine
Richard Bush
Chesapeake
Virginia
Baldur
Klassen
Cypress River
Credit Union
Cypress River Credit Union
Credit Union Central
Yvonne Delichte
Also Mentioned on This Page
Cypress River News
Ager
Glenboro Legion Hall
Carberry Ag
Glenboro Developoment Corporation
Manitoba Agriculture
The
Canada
Government of
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