As 2019 drew to an end, the staff and volunteers at HI-Scot credit union were reflecting on a successful year for the organisation.

“We are pleased to report that 2019 was another 12 months of growth for HI-Scot,” said Margaret Ann MacLeod, Chair of the Board of Directors. “This is good news not only for the credit union, but for our members and the communities we serve across the Highlands and Islands.”

At the recent HI-Scot AGM, the members attending approved a 0.5% dividend. The AGM took place in six venues across the Highlands and Islands, using tele-conferencing to allow members from different areas to participate. 

“In the current financial climate, this year's dividend is a positive indicator of HI-Scot's position in the community,” said David Mackay, HI-Scot's General Manager. “We are proud to offer a range of services to our members and provide a real alternative to high street banks.”

One of the benefits of banking with HI-Scot is that members' money stays within the financial community of the Highlands and Islands. Owned completely by their members, the credit union does not have external shareholders, so any profits are ploughed back into the organisation – for example, in the form of the annual dividend.

“Of course, your money is completely safe with HI-Scot, as we are covered by the Financial Services Compensation Scheme,” says David. “Saving and borrowing with the credit union makes a lot of sense.”

Why not make it your New Year's Resolution to check out what HI-Scot can offer you, adds David. 

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