UNI, a choice that counts: $30 million in surplus - UNI Financial Cooperation
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UNI, a choice that counts: $30 million in surplus


UNI, a choice that counts: $30 million in surplus

Bathurst, March 29, 2023 - At its annual general meeting held on Wednesday, March 29, UNI released its financial results and those of its subsidiaries for the fiscal year ending December 31, 2022.

The UNI board of directors and president and chief executive officer were proud to report a very positive performance in 2022. “For the fiscal year ending December 31, 2022, our surplus earnings before taxes and other items totalled $30 million, making it our best consolidated result since our great UNI cooperative was created. Our cooperative has reached a historic milestone of $4.1 billion in loans to reach a total of $5.4 billion in assets. These results reflect our exceptional growth and set us up to succeed going forward ” said Robert Moreau, President and Chief Executive Officer of UNI.

Given these outstanding financial results, UNI’s board of directors has authorized the payment of individual dividends for the second year in a row. In addition to $5 million in individual dividends, another $2.5 million in group dividends will be redistributed to communities in the form of donations, sponsorships, partnerships and scholarships.

In keeping with our cooperative spirit, we want to share this exceptional prosperity. UNI, a choice that counts!

With a technology transition over the summer, members and clients will be fully supported. Among the new features, UNI will introduce a debit card designed with additional functionality for today's digital client. There will also be transitional changes with the credit card. UNI will keep members and clients informed as needed throughout this transition. As usual, UNI will always be there to accompany you.

“UNI has an 86-year track record of success. The major initiatives we’re undertaking to ensure our sustainable prosperity and that of our members and clients shows how central our communities are in the decisions we make. We still carry the dream and aspirations of our founding members, who saw collective wealth as the best way to a future where our young people can thrive in our communities and our seniors will feel supported. We intend to keep that promise by building a brighter future for and with the people in our communities,” said Pierre-Marcel Desjardins, Chair of the UNI Board of Directors.

 

Highlights:

  • While remaining true to its roots
    • UNI logo will undergo a refresh to connect better with current and future clients with a new signature "UNI, a choice that counts"
  • 3rd edition of the Voilà! contest hands out $300,000 in awards to community organizations based on a vote by our members
  • UNI won four major awards:
    • Impact Award from Opportunities NB
    • Named one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital
    • Atlantic Business Magazine awards:
      • Atlantic Canada’s Best Places to Work
      • Atlantic Canada’s Top Employers
  • UNI hosted the LCUC (Large Credit Union Coalition) at the annual meeting of Canada’s 20 largest financial cooperatives, including UNI.

 

About UNI Financial Cooperation
UNI Financial Cooperation is a major economic player that contributes actively to a thriving, growing economy in New Brunswick and beyond. UNI is committed to values of solidarity, responsibility and courage for the sustainable prosperity of the organization and its members and clients. For additional information, visit www.uni.ca.

 

Press relations
Ginette Hébert 
Director of Communications 
UNI Financial Cooperation 
ginette.hebert@uni.ca | 506-724-1123

 

FOR MORE INFORMATION

Communication Team
295 Saint-Pierre Blvd. West
P.O. Box 5554
Caraquet NB E1W 1B7

E-mail: communication@uni.ca