Save, Borrow, Invest in Tomorrow

Eden & South Lakeland Special General Meeting and Annual General Meeting

22 January 2020

Please arrive in good time for the meetings and sign in when you arrive.

NOTICE OF SPECIAL GENERAL MEETING

Thursday 13th February 2020 at 6.30pm

to take place at Penrith Parish Centre, St Andrew’s Place, Penrith CA11 7XX

NOTICE OF ANNUAL GENERAL MEETING

Thursday 13th February 2020 at 7.30pm

to take place at Penrith Parish Centre, St Andrew’s Place, Penrith CA11 7XX

 Agenda for the Special General Meeting

  1. Apologies and welcome
  2. Chair’s report on the background to the merger proposal, discussions with Affinity Credit Union and the proposal to merge with Affinity Credit Union
  3. Questions and discussion
  4. Resolution to be voted on:
    This meeting of members of the Eden and South Lakeland Credit Union hereby resolves to transfer the whole of the stock, property and other assets and all engagements of the credit union to the Affinity Credit Union, in consideration of the Affinity Credit Union issuing to each member of the Eden and South Lakeland Credit Union paid up shares equal to the amount standing to the credit of each member in the share ledgers of the Eden and South Lakeland Credit Union, debiting each member of the Eden and South Lakeland Credit Union with the like amounts of loans as are debited to each member in the books of Eden and South Lakeland Credit Union, on the date when the transfer of engagements to Affinity Credit Union becomes effective.
  5. Next steps

Agenda for the Annual General Meeting

Agenda Items Relating to the Year ended 30th September 2019

  1. To receive the report from the Board of Directors
  2. To receive the report from the Treasurer (Including the Accounts and Balance Sheet)
  3. To receive the report from the Auditor
  4. To receive the report from the Supervisory Committee
  5. Distribution of surplus
    The Board of Directors advises that no recommendation for the distribution of any surplus, including the payment of a dividend on qualifying share accounts, has been made.

Other Business

  1. Elections:
    a. To the Board of Directors
    b. For Members of the Supervisory Committee
    c. For Members of the Credit Committee
  2. Meeting Close