2023 Annual Report

Celebrating its 50th Anniversary, PECU's 2023 Annual Report reflected a period of steady performance amid lingering global economic challenges. The credit union grew its assets to $199.3 million and increased its loan portfolio to $96.9 million. While the net surplus decreased to $6.24 million, the organization remained profitable thanks to the continued loyalty of its members. Key priorities outlined were the continued push for digitalization, member and staff training, managing a 4% delinquency rate, and awaiting final approval for the Tobago building project. A 4.5% dividend was again proposed, reaffirming PECU's commitment to member returns.