The Board of Directors and Management of Adjala Credit Union Limited are pleased to invite you to attend the Annual General and Special Meeting of members to be held at 7:00 p.m. on June 25, 2025.
Adjala and St. Stanislaus St. Casimir’s Polish Parishes Credit Union Limited (St. Stans) have entered into a purchase and assumption agreement providing for Adjala to transfer substantially all of its assets to St. Stans and the St. Stans would assume substantially all of Adjala’s liabilities. The Transaction will involve St. Stans acquiring Adjala’s business and the members of Adjala being given membership in the St. Stans.
The Transaction is subject to the approval of Adjala’s members by way of a special resolution. Accordingly, at the Meeting, you will be asked to consider a special resolution to approve the sale. Click on the link on the main page under the Notice to Members message for more information.
The Board shall provide the following to members for the AGM portion of the meeting:
- the audited financial statements of the credit union;
- the report of the auditor;
- the report of the audit committee; and
- such further information respecting the financial position of the credit union and the results of its operations as the Board determines should be presented to the members
Copies of the 2025 financial statements and the reports of the audit committee and the auditor will be available at the offices of the Credit Union ten (10) days before the date of the meeting