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Kawartha Credit Union reveals 2013 financial statements

It was another successful year for one local credit union.  Kawartha Credit Union held their 62nd annual general meeting yesterday where board of directors informed members of a solid financial result in 2013, putting them in the top 10 in Ontario.  CEO, Robert Wellstood says assets grew by 4 percent to end the year at $1.05(B) billion and income from operations provided an annual pre-tax return on average equity of 7 percent.  Chair of the Board of Directors Carl Silvestri states that the credit union gave out $2(M) million in profit sharing to its members in the form of dividends and Affinity shares.  Also in 2013 Kawartha Credit Union contributed $200,000 to the causes that matter most to our members through our Community Involvement Program.

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