Libro Credit Union

Libro Credit Union announces record growth – again

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Monday, April 4, 2022
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LONDON, ON, April 04, 2022 (GLOBE NEWSWIRE) -- LONDON, ON Libro Credit Union is celebrating another successful year, including record growth of more than $1 billion for the second year in a row.

Key Points: 
  • LONDON, ON, April 04, 2022 (GLOBE NEWSWIRE) -- LONDON, ON Libro Credit Union is celebrating another successful year, including record growth of more than $1 billion for the second year in a row.
  • Some of the highlights of Libros annual results are:
    For a second consecutive year, Libro posted the largest growth in its history.
  • The credit unions total portfolio grew to $10.9 billion, an increase of $1.3 billion (14%) over the previous year, when Libro reported then-record growth of $1.1 billion (12.8%).
  • Libro Credit Union is a cooperative and certified B Corp which is led by a social purpose beyond profit.

Libro Credit Union offers online ID verification tool to Owners

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Thursday, December 2, 2021
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London, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union announced today it has adopted Government Sign-in by Verified.Me as a new, real-time way to verify peoples ID online when logging into Government of Canada websites.

Key Points: 
  • London, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union announced today it has adopted Government Sign-in by Verified.Me as a new, real-time way to verify peoples ID online when logging into Government of Canada websites.
  • Government Sign-In byVerified.Meoffers a convenient way to access government services, provided byInterac.Instead of creating and managing a new User ID for accessing government services, Libro Owners can sign in with Libro online banking credentials which they already know and trust.
  • Once Owners sign in with their Sign-In Partner, they are returned to the government service.
  • Steve Bolton, CEO and Head Coach with Libro Credit Union, said: Were excited to announce this partnership.

Sara Bertens and St. James Town Community Co-op to be Honoured With Co-operative Spirit Awards

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Tuesday, September 14, 2021
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One individual and one co-operative organization will be honoured virtually during the OCAs Annual General Meeting on September 21, 2021.

Key Points: 
  • One individual and one co-operative organization will be honoured virtually during the OCAs Annual General Meeting on September 21, 2021.
  • Sarah Bertens who will be recognized with the Individual Co-operative Champion award, is an owner/representative of Libro Credit Union in the London area.
  • Nominator Carol Fleming, Director, Co-operative Young Leaders says: Sara consistently demonstrates her support, passion and continued interest in the co-operative sector.
  • St. James Town Community Co-operative (SJT) of its namesake community in Toronto, will be recognized with the Organizational Co-operative Champion award.

Libro Credit Union a founding investor in Venture Capital Fund, Emmertech

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Monday, August 23, 2021
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SOUTHWESTERN, ON, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Today, Conexus Venture Capital Inc. (CVC) announced the launch of a second venture capital fund, Emmertech, focused on Canadian agtech and agribusiness innovation.

Key Points: 
  • SOUTHWESTERN, ON, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Today, Conexus Venture Capital Inc. (CVC) announced the launch of a second venture capital fund, Emmertech, focused on Canadian agtech and agribusiness innovation.
  • Among its founding investors include Libro Credit Union, which is the largest credit union in southwestern Ontario and has the largest ag lending portfolio of any credit union in Canada.
  • Emmertech reached an initial close of $45 million CAD and expects to cross $60 million CAD by the final close at the end of the year.
  • This new fund was built from an industry-first approach, with investors being some of Canadas most innovative farmers, agribusiness owners, and agriculturally centered financial institutions including Connect First Credit Union, The Co-operators Group Limited, Gulf and Fraser Fishermens Credit Union, Innovation Credit Union, UNI Financial Cooperation, Interior Savings Credit Union, and Libro Credit Union.

Libro Credit Union appoints new Chief Financial Officer

Retrieved on: 
Monday, July 19, 2021
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LONDON, ON, July 19, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union has announced Janet Johnson as its new Chief Financial Officer and Executive Vice President, Finance, effective August 3, 2021.

Key Points: 
  • LONDON, ON, July 19, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union has announced Janet Johnson as its new Chief Financial Officer and Executive Vice President, Finance, effective August 3, 2021.
  • Janet, previously the credit unions Vice President Finance and Risk, has been with Libro since December 2018, following over fifteen years in assurance and risk management at EY.
  • Janets appointment provides continuity and stability, while also creating exciting opportunities for the credit union.
  • Libro Credit Union warmly welcomes all approaches from the media.

Libro Credit Union teams with MX to empower financial wellness in southwestern Ontario

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Wednesday, June 16, 2021
Mixed economies, Economic systems, Articles, Libro Credit Union, Credit union, Cooperative

Southwestern Ontario, and LEHI, Utah, June 16, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union, the largest credit union in southwestern Ontario, announced it has launched a new money management app, Yooli, designed to help people take control and improve their financial wellness by using data-driven technology.

Key Points: 
  • Southwestern Ontario, and LEHI, Utah, June 16, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union, the largest credit union in southwestern Ontario, announced it has launched a new money management app, Yooli, designed to help people take control and improve their financial wellness by using data-driven technology.
  • The new Libro app includes an interactive financial health score tool FinStrong; as well as MXs personal, predictive and proactive financial alerts and guidance.
  • A cooperative financial institution with more than 106,000 owners, 700 employees and 36 locations across southwestern Ontario, Libro Credit Union believes in the power of working together.
  • Libro Credit Union is a full-service financial institution serving more than 106,000 member-Owners through a network of digital service and 36 physical locations.

Libro Credit Union switches to responsible investments for all new mutual funds

Retrieved on: 
Monday, April 26, 2021
Libro Credit Union, Economy, Socially responsible investing

b"Southwestern, Ontario, April 26, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union is making a bold step by exclusively offering responsible investment options for all new mutual fund accounts.\nThe move means people doing business with Libro can be confident their money is driving positive change in society.

Key Points: 
  • b"Southwestern, Ontario, April 26, 2021 (GLOBE NEWSWIRE) -- Libro Credit Union is making a bold step by exclusively offering responsible investment options for all new mutual fund accounts.\nThe move means people doing business with Libro can be confident their money is driving positive change in society.
  • It also makes Libro, the biggest credit union in southwestern Ontario, the first Canadian credit union to exclusively offer responsible investments through our existing partner organization NEI Investments .
  • While already in place in practice, the official launch date is May 1, 2021.\nLibro CEO and Head Coach Steve Bolton said: \xe2\x80\x9cThis is\xc2\xa0a bold statement and we know it.
  • We know consumers are driving this demand and the potential for positive impact is huge.\xe2\x80\x9d\nResponsible investment considers environmental, social and governance factors when selecting and managing investments.

Libro Credit Union tells Story of Strength at annual general meeting

Retrieved on: 
Monday, April 19, 2021
Mixed economies, Libro Credit Union, Credit union, Economy

We all know someone directly affected by Covid.\n\xe2\x80\x9cAt the same time, we have our Story of Strength, which is the title of our annual report this year.

Key Points: 
  • We all know someone directly affected by Covid.\n\xe2\x80\x9cAt the same time, we have our Story of Strength, which is the title of our annual report this year.
  • I am so proud of what Libro Credit Union has done in this last year, and how we have shown strength through our values.
  • In 2020, we learned just how agile Libro can be.
  • Libro\xe2\x80\x99s total portfolio grew to $9.6 billion, an increase of more than $1.1 billion, or 12.8%, on the previous year.\nThe credit union\xe2\x80\x99s income was affected by the pandemic but remained strong.

Libro Credit Union accepting applications for Canada Emergency Business Account

Retrieved on: 
Thursday, April 9, 2020
Economy, Libro Credit Union, Mixed economies, Bank, Credit union, ONTARIO

Ontario, April 09, 2020 (GLOBE NEWSWIRE) -- Libro Credit Union has announced it is ready to help southwestern Ontario businesses access the Government of Canadas new Canada Emergency Business Account.

Key Points: 
  • Ontario, April 09, 2020 (GLOBE NEWSWIRE) -- Libro Credit Union has announced it is ready to help southwestern Ontario businesses access the Government of Canadas new Canada Emergency Business Account.
  • Businesses can now apply through Libro for an interest-free government loan of up to $40,000, to help cover the businesss operating expenses.
  • Martin Kihle, Libros Vice President, Business Banking, said: Libro is ready to support our business Owners across southwestern Ontario with the launch of the Canada Emergency Business Account.
  • Libro Credit Union provides financial coaching to businesses, other organizations and individuals across southwestern Ontario, with more than 106,000 Owners all sharing in Ownership of the credit Union.

Libro Credit Union announces record profits during online AGM

Retrieved on: 
Monday, April 6, 2020
Dividend, Shareholders, Business models, Libro Credit Union, Cooperative, Economy, Articles

Ontario, April 06, 2020 (GLOBE NEWSWIRE) -- Libro Credit Union has announced another record-setting year.

Key Points: 
  • Ontario, April 06, 2020 (GLOBE NEWSWIRE) -- Libro Credit Union has announced another record-setting year.
  • Owners and staff joined its 2020 Annual General Meeting on Saturday, April 4, to hear leaders deliver the annual results for southwestern Ontarios largest credit union.
  • As a co-operative company owned by its shareholders, Libro redistributes profits to customers in the form of profit shares and investment share dividends.
  • Libro had a record year for profit sharing, we exceeded our overall growth target and ended 2019 stronger than it has ever been before.