Kelowna, BC – Elmer Epp of Kamloops was re-elected as chair of the board of directors of Interior Savings Credit Union after its annual general meeting held April 28. Mr. Epp is an associate at the law firm of Cates Ford Oien Epp in Kamloops. He now begins his 14th year as chair of the Interior Savings Board.
At the annual general meeting, which was held in Kelowna, Interior Savings members heard about the credit union’s 2014 financial results, recent accomplishments and plans for the upcoming year.
“Interior Savings faced many challenges in 2014,” Epp began. “Interest rates remained low and competitive pressure remained high. Despite these challenges, the credit union achieved positive results overall; finishing with nearly $2.1 billion in assets and maintaining a strong capital position.
“In 2014, members earned $2.8 million through the Member Rewards program and 174 members qualified for a $1,000 bursary through the Credit Union’s Million Dollar Bursary program.”
Epp also noted it was a year to reflect back on the credit union’s roots and to celebrate 75 years of service to the community.
“Founded on Sept. 20, 1939 with 20 members and $100 in deposits, Interior Savings has grown to over 71,000 members and nearly $2.1 billion in assets,” he said.
At the agm, results of the recent board of directors election were delivered to the membership. In the Central/North Okanagan Region, nominees Stacey Fenwick and Pat Ryan were elected, each for three year terms. In the Thompson/South Okanagan Region, incumbents Jeff Holm and Shelley Sanders were re-elected, each for three year terms. A special resolution to amend the credit union rules was also approved.
About Interior Savings
Interior Savings Credit Union is the largest credit union based in the Interior of B.C. with assets nearing $2.1 billion. Through its 21 branches, 15 insurance offices, member service centre, and two commercial services centres, the credit union offers personal and commercial banking and a full range of insurance and wealth management services to members in 14 communities, including Clearwater.