April 20, 2022

Sunrise Credit Union held its annual general meeting virtually Tuesday night, attended by more than 160 members and staff.

The meeting included the release of the Sunrise Credit Union 2021 Annual Report, which included the audited financial statements. The statements reflect a Net Income of $7.5 million, Loan Growth of 5.7%, Deposit Growth of 7.0%, and Total Equity of 6.5%.

"2021 was another record year for Sunrise Credit Union. Our assets topped $1.7 billion, and our profit reflected a 300% increase over 2020." said Sunrise President and CEO Tim Klassen, "We also continued to work on improving processes to increase efficiency and enhance member service.”

Klassen reviewed some of the highlights for Sunrise Credit Union in 2021, including supporting many community projects, sponsorships, and events financially and through staff volunteerism. He also highlighted some of the support Sunrise provided to members during the pandemic, including more than 1,100 residential mortgage and loan deferrals.

In his remarks, Sunrise Credit Union Board of Director Chair Glenn Young thanked his fellow directors for their dedicated governance, highlighted Sunrise's 2021 Member Survey results, and spoke about working closely with members during challenging times.

"Additional economic challenges surfaced in 2021 as the global pandemic impacted countries worldwide. Those challenges include inflation, cost of housing, labour shortages, and supply chain issues." said Young, "We continue to emphasize understanding our members' needs and providing the proper support and financial advice to help them succeed. We are proud to have supported our members as they meet these challenges head-on and continue to move forward."

Chair of the Nominating Committee, Jan McClelland, welcomed Gordon Dearsley and Steve Langston and announced Glenn Young and Craig Spencer as re-appointees to the Board of Directors.

About Sunrise Credit Union
Sunrise Credit Union formed in 2008 and offers personalized service from 20 branches located in Baldur, Boissevain, Brandon, Cypress River, Deloraine, Grandview, Hartney, Holland, Laurier, Melita, Minnedosa, Oakburn, Reston, Sandy Lake, Shoal Lake, Ste. Rose du lac, Strathclair, Treherne, Virden, and Waskada. Sunrise Credit Union has approximately 33,000 members and about 220 employees.

For more information, please contact:
Terri Roulette McCartney
Marketing Manager
Phone:  204-726-3659 (w)
Email: tmccartney@sunrisecu.mb.ca