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2024 ANNUAL REPORT

Possibilities

75th Annual General Meeting

APRIL 3, 2025 - AGENDA

  1. Call Meeting to Order
    Confirmation of quorum
  2. Approve Minutes of the April 4, 2024 Annual General Meeting
  3. Election of Directors
  4. Reports
    Board of Directors Chair and CEO
    Diversity Report
    Executive Committee
    Audit Committee
  5. Review of the 2024 Financial Statements
  6. New Business:
    Appointment of External Auditors
  7. Other Business
  8. Adjournment

Report of the Board of Directors Chair & CEO

This year, we have embraced the theme of “Infinite Possibilities.” We have done this in recognition that while we face a list of global and economic challenges, we are confident there are incredible opportunities for growth and success that lie just ahead for both our members and our credit union. As always, we also want to thank each of our members for their unwavering support. To each of you, we are deeply grateful.

Reflecting on the past year’s achievements, the board and staff at Luminus Financial remained committed to our four core pillars:

Financial Stability – Ensuring long-term growth and resilience.
Core Operations – Strengthening our internal systems to serve you better.
Member-Focused Banking – Putting our members at the heart of every decision.
Assurance & Trust – Building confidence through transparency and reliability.

These principles have guided every step we’ve taken, helping us navigate challenges and create new opportunities for our members.

As we look to the future, we remain committed to our core values of adaptability, responsiveness, commitment, and cooperation. We will continue to invest in innovative solutions, sustainable practices, and community enrichment. We encourage our members to embrace the possibilities that lie ahead, as we work together to achieve new milestones and create a brighter future.

2024 Financial Results 

Net income

$2.4 Million

Members' deposits

$276.6 Million

Financial income

$14.1 Million

Total assets

$293.4 Million

Loans to members

$185 Million

Interest paid to members

$7.6 Million

Members' equity

$14.8 Million

Discover financial summaries and much more in the full annual report.

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