(April 10 – 16:30 ET) – Nova Scotia’s credit union system strengthened its position as a viable alternative, says Robert J. Mowbrey, CEO of Credit Union Central of Nova Scotia. “Nineteen ninety-nine was another positive year for both Central and credit unions,” says Mowbrey.

Both Central and Nova Scotia’s 52 credit unions saw their assets increase during 1999. Central’s assets grew by $30 million to $557 million, while combined credit union assets increased by 5.5 percent to $912.9 million, a rate that compares closely to 1998’s growth rate.

On April 11 and 12, Credit Union Central of Nova Scotia will be holding its annual general meeting. Credit union leaders from across the province will be gathering to discuss and vote on key issues, policies and plans for the system. They will also be honouring the achievements of their members at a banquet on Tuesday evening.

Credit Union Central of Nova Scotia is a financial and trade services organization that represents 52 Nova Scotia credit unions with more than 162,000 members and $1 billion in assets. Nova Scotia’s credit unions are independent, community-based alternatives to banks, regulated and insured by the provincial government.
-IE Staff