Metro Moneywise report on its anniversary year at first online AGM

Wednesday 17 January 2024

87 members of Metro Moneywise Credit Union logged on to its very first virtual AGM last month – a 200% increase in attendance compared to last year’s face-to-face meeting.

Members heard from Chief Executive, Ciara Davies who reported on a year of highlights and progression for the Rochdale based credit union. The Credit Union was established in 1990 and this year celebrated a landmark anniversary of 30 years of service.

Fast-forward to 2020 and the credit union reported in its milestone year, it welcomed just under 1,000 new members adding to its total membership of over 10,000 members, holding over £10m of members’ savings, has lent in excess of £50m.

Despite a challenging year, the Credit Union was pleased to be able to pay a 1% dividend on members savings.  Ciara told members, “As a not-for-profit organisation we aim to pay a decent return on your savings, so paying 1% is a big thank you to our members and a sign that we are financially fit and ready for whatever 2021 throws at us.

“Metro Moneywise has built up a strong financial buffer over 30 years which means that we remain financially strong and ready for the next 30 years.”