UNI's Financial Results | Growth is Back!
UNI's Financial Results | Growth is Back!
Caraquet, April 7, 2025 – UNI Financial Cooperation’s 2024 Annual Report is now online. UNI cites growth in its business volume, including $199 million in funds managed by our Wealth Management team and $111 million in business financing for the fiscal year ending December 31, 2024.
"Our financial results show a deficit of $2.9 million. This deficit is situational as certain non-recurring expenses were essential to equip UNI with efficient and functional tools. These investments should generate significant benefits in the coming years, strengthening our market position and improving our operational efficiency," explains CEO Éric St-Pierre. Indeed, according to Mr. St-Pierre, these investments are necessary to implement long-term strategies and deliver effective solutions for members, clients and employees. "UNI has the capacity to support these investments as equity stands at $482 million, an increase of $8 million, and holds liquidity and investments of $615 million," he says.
The financial institution's assets are $5.3 billion as of December 31, 2024. Insurance subsidiary Acadie Vie’s results went from a loss of $300,000 to a profit of $5.4 million in 2024. UNI also experienced growth in its loans and deposits portfolios over the past year.
"Our financial situation remains solid. Our priority is to continue improving our services and better meet the needs of our members and clients. Our return to growth, especially in member deposits, demonstrates that people still trust UNI to manage their money, and we are very proud of that," says Mr. St-Pierre.
Check out the details of the 2024 Annual Report here.
Strategic Planning 2025-2027
UNI is adopting a strategic plan that targets benefits for its members and clients and improves internal tools for its employees, thereby reducing wait times at the counter or for making appointments easier.
The offer of accessible, competitive financial services aligned with cooperative values, while generating efficiencies for UNI to prosper, is the cornerstone of this plan. "We are united and committed to consolidating the trust that members and clients place in us," says Mr. St-Pierre.
UNI, a choice that counts
UNI's new raison d'être, Proud to be at the heart of your dreams, is a reminder of the active presence of our cooperative movement in supporting initiatives that help the development of francophone and Acadian communities. "UNI gives back to its community and will always continue to do so to the best of its ability," explains Mr. St-Pierre, as the institution's social engagement report stood out with nearly $2.6 million awarded in donations, sponsorships and scholarships.
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About UNI Financial Cooperation
With $5.3 billion in assets and 1,000 employees, UNI Financial Cooperation is an important lever and active contributor to New Brunswick's economic development ecosystem and beyond. Proud to be at the heart of its members' and customers' dreams, UNI is driven by its values of agility, courage, mutual aid, humanity and integrity. For more information, visit www.uni.ca.
Press relations
Annie LeBlanc-Levesque
Communications Advisor
annie.leblanc-levesque@uni.ca