A busy board meeting last week saw the approval of the latest Management Accounts and Loan Book reports and we were pleased with the results of a series of new reports presented by our internal auditors.

The Board confirmed, as stated in last month’s AGM, that no dividend will be paid on Members’ savings for the coming quarter due to the ongoing uncertainty around any effect the Covid-19 virus and continuing restrictions could have on the business.

We were pleased to hear from the wider Scotwest team on how well they have been adapting to the new ways of working brought on by the lockdown restrictions. The Scotwest management team are looking at developing new working practices that will allow our colleagues to feel safe, happy, healthy and productive at work.

Myself and the Board would like to wish all of our Members a safe and Merry Christmas and a Happy New Year.