What Happened at the Sheffield Credit Union AGM 2025

Sheffield Credit Union held its Annual General Meeting (AGM) on 25th March 2025, bringing together members both in person at The Circle in Sheffield and online. It was a great opportunity to look back at what’s been achieved over the past year and to make some key decisions about what comes next.

Highlights from the Reports

The meeting kicked off with a warm welcome and a quick recap of last year’s AGM. After that, the Chair, CEO, Compliance Chair, and Treasurer each gave their updates. These reports covered the union’s progress over the last 12 months, including financial performance, new initiatives, and the ongoing mission to support members with fair and accessible financial services.

The financial accounts for the year ending 30th September 2024 were presented and officially adopted by the members.

Decisions and Voting

This year’s voting session included some important decisions:

1. Board of Directors – New and Familiar Faces
Members voted to re-elect three directors:

• Bob Savage
• Maxine Stavrianakos
• Christine Ursell

And three new faces were welcomed to the board:

• Katrina Cleary – a retired NHS leader with loads of experience supporting local causes
• Colin Havard – a community development expert who’s no stranger to credit unions
• Jenny Wright – a passionate advocate for financial wellbeing, currently working with the Money and Pensions Service

2. Dividends and Interest Payments
Three separate motions were approved to share some good news with members:

• A 1.5% dividend will be paid to adult members based on their savings from 2023–2024.
• 1.5% interest will go to junior savings accounts.
• LASER Credit Union members will also receive a 1.5% payment to match what SCU members are getting—this helps keep things fair across the board.

3. Auditors Reappointed
Members agreed to continue working with both Jacksons Accountants (external) and TIAA (internal) for another year.

Open Floor and Member Chats

There was also time set aside for members to raise any other business, followed by informal round of discussions. Everyone had the chance to chat in small groups about ideas for the future of Sheffield Credit Union. Notes from these conversations will be reviewed by the board to help shape future plans.

Wrapping Up

Overall, the AGM was a positive and collaborative evening. Members had their say, important updates were shared, and new board members were welcomed. Sheffield Credit Union continues to grow with its members at the heart of everything it does.