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Vanguard Credit Union posts 2014 profit with no patronage payments
Vanguard Credit Union Ltd reports a 2014 profit of 2.2 million while deciding not to allocate patronage payments amid Basel II regulatory uncertainty. CEO Ian Gerrard notes cautious growth, retained earnings, and use of Canada Mortgage Bonds for liquidity. assets rise to 413 million, deposits up 19 million, loans up 18 million, equity 28 million. Board chair Guy Huberdeau highlights community donations totaling over 130 thousand.
MENTIONED IN THIS ARTICLE
Vanguard Credit Union Ltd
Ian Gerrard
Binscorth
Canada
Gerrard
Vanguard
Guy Huberdeau