Special meetings scheduled to outline changes at Innovation Credit Union
Innovation Credit Union will be hosting a pair of special meetings for their members in January to explain a series of changes which are currently occurring. One meeting will be hosted Jan. 27 in North Battleford and the other on Jan. 28 in Swift Current. The meetings will provide an opportunity to respond to members’ questions regarding recent management changes at the credit union. The meetings will also provide an opportunity for members and the board of Innovation Credit Union to discuss the recent involvement of Credit Union Deposit Guarantee Corporation (CUDGC), which will begin supervision of the credit union as of Jan. 21.
“Innovation’s board and management welcome the involvement of CUDGC and are looking forward to working in collaboration with the Corporation through this period of transition,” said Maxine Leschuk, President of Innovation Credit Union. “We are strongly committed to responding to the concerns of members and we will work closely with CUDGC toward that goal.”
Both Innovation Credit Union and CUDGC confirmthat the current situation is not related to any monetary issue.
“While the management restructuring at Innovation is not related to any financial matter, the oversight provided by CUDGC will entail a higher level of monitoring and reporting than would normally be the case,” says GarthMelle, CEO of CUDGC.“The credit union remains strong and profitable and is proactively responding to the challenges of operating in today’s business environment. There is certainly no risk to depositors and it is business as usual for members seeking service from their credit union.”