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Eastend Credit Union About Us
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History Mission Statement Values Membership Location/Business Hours Staff & Board of Directors
Eastend Credit Union's History In the winter of 1942-1943 a group of people from the Knolly’s area would meet once a week and listen to a radio program called “Family Farm Forum”. It was through this program that they were introduced to the idea of “How to form a Credit Union” and advanced through the process. The study group consisted of: Mr. & Mrs. Clarence Johnson, Mr. & Mrs. Clarence Gregory, Mr. & Mrs. Louis Arendt, Mr. & Mrs. Robert Johnston, Mr. & Mrs. John Garven, Mr. & Mrs. Shorty Arendt, Mr. & Mrs. Douglas Anderson, Mr. & Mrs. Len Gregory, and Mr. & Mrs. Andy Anderson. All through the winter of 1942-1943 this group met and studied the process of forming a Credit Society. It took some time for the approval and on July 19, 1944 they held the first organizational meeting. Each member of the group contributed $100 to start the fund. At the end of 1944 the total membership was 63 with assets of $1,429. As of December 31, 2007 there were 1396 members with assets of $24,917,528. In October 1999, Eastend Credit Union was approached by Credit Union Central to see if they would be interested in purchasing the local branch of the Bank of Montreal. The purchase was to include all the loans and deposits, real estate, equipment and the re-employment of the BMO’s existing personnel. The Board of Directors decided that this opportunity was a win for everyone involved because it benefited bank customers and employees, the credit union and the community. After some intense negotiations an agreement was struck and on April 7, 2000 the business was transferred to Eastend Credit Union. This resulted in memberships increasing to 1,466 and our assets to $26,350,000. The loan portfolio increased to $11,295,000 or 45% of assets . Eastend Credit Union provides full financial service. For a listing of products, services and fees refer to the home page to go to the corresponding selection. top
Eastend Credit Union's Mission Statement "We provide full financial services for our valued members through personal service and technology. Together we secure the future of our community." top
Eastend Credit Union's Vision: "Building your future secures our future. That's the Spirit of Community Pride!" top
Eastend Credit Union's Values: Community Impact We actively support the development of our community. Our community is stronger because of our credit union. Employee Satisfaction We respect our employees and their contribution to our success. We encourage employee involvement and participation. We recognize and reward them for their creativity, teamwork, and achievement. We support their development by providing training and education opportunities. We respect their need to balance personal and professional lives. Professional Conduct Members' financial affairs are conducted with integrity and in a professional manner. Our ethical principles are rooted in concern for the individual. Confidentiality is an integral part of the way we do business. Product and Service Excellence We work with our members and community to understand their needs and respond with innovative, high quality products and services. Our employees provide friendly, knowledgeable and helpful service. We communicate in an open, effective and timely manner. Co-operation and Accountability We work together through a belief that we can accomplish more together than alone. We take into account the effect of our actions on others. In the tradition of our founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others. Financial Strength Our strong financial performance allows us to invest in members and the community for future growth. We balance the need for financial results with the need of our members and community. The trust and confidence of our members is maintained through sound business practice. top
Eastend Credit Union's Membership: Ownership of Credit Unions by its members is what makes the Credit Union system unique. Every member is required to hold one share of the credit union, ($25.00) Membership for adults and $5.00 Membership for children under 16 years of age). These shares will be returned to the member when all other accounts are closed.As an owner, you have an equal say in the overall direction of the Credit Union. Each member gets one vote regardless of the amount held on deposit. You have a voice in your Credit Union. At the local level, the Board of Directors - members elected by other members - oversee the general operation of each credit union, while qualified staff assures efficient day-to-day operations. Credit Unions are regulated by provincial legislation, and each undergoes external audits and annual inspections to ensure strict adherence to sound financial practices. Credit Unions are local financial institutions. So, it is not surprising that they are strong supporters of community development. Local Credit Unions draw their membership and assets from the community in which they operate. Funds are put to work locally and remain in the community. top
Eastend Credit Union's Location/Business Hours: We are located at: 340 Redcoat Drive in downtown Eastend. Office hours: Monday to Friday: 9:00 a.m. to 4:00 p.m. Closed weekends and stat holidays. top
Eastend Credit Union's Staff & Board of Directors Meet our Staff: Patrick Watkins: General Manager Wendy Breton: Loans Manager Trevor Wilson: Loans Officer Tannis Topham: Accounting Clerk Sandra Hanson: MSR Supervisor Mark McKechnie: Member Service Representative Arlene Arendt: Member Service Representative Bea Meyer: Member Service Representative Meet our Board Of Directors: Trudy Wig: President Clifford Allen Arnal: Vice- Director Geraldine Jacobsen: Director Gwen Humphrey: Director Darren Holmberg: Director Stephanie Morris: Director Deb Mortimer: Director Jannis Hanson: Jr. Director top
Copyright © 2009 Eastend Credit Union, Eastend Saskatchewan Phone: (306) 295-3551 or (306) 295-3779 Fax: (306) 295-3607