2022 Annual Report

The 2022 Annual Report, themed "New Beginnings," detailed PECU's resilience during the ongoing COVID-19 pandemic. Despite economic challenges affecting its core membership, the credit union achieved a net surplus of $9.15 million and grew its assets to $195.3 million. Key initiatives included advancing digital transformation with online loan processing, continuous training for staff and officers, managing a 3% delinquency rate, and progressing with the construction of the new Tobago office. The report proposed a 4.5% dividend to members, reflecting a profitable year driven by member loyalty and astute management.