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Kawartha Credit Union reveals 2013 financial statements

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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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