As part of our on-going training and development, the Board spent two days this weekend training on Credit Unions Principles and Practice, before moving onto last night’s Board meeting. The four Scotwest members who were elected to the Board at the 2016 AGM were also in attendance last night and officially take up post on 1st February. This was therefore the last meeting for Danny Dickson who has stepped down due to work commitments. We wish him well for the future. Last but not least, we were delighted to welcome our new Financial Controller, Alan Howat to his first Scotwest Board meeting.
At the meeting itself we were pleased to mark the launch of the new Car Loan product at a market leading rate of 3.9%. Given the popularity of the previous seasonal car loan, this time we have decided that it will be available all year round. We also considered several policy updates and proposals for an upgrade to our core IT system in order to improve member service.
Yours in co-operation
David McRiner, Chair