Save, Borrow, Invest in Tomorrow

Eden & South Lakeland Special General Meeting 21/1/20

2 January 2020

NOTICE OF SPECIAL GENERAL MEETING

Tuesday 21st January 2020 at 6.30pm

to take place at Penrith Parish Centre, St Andrew’s Place, Penrith CA11 7XX

Please arrive in good time for the meeting and sign in when you arrive

Agenda for the Special General Meeting

  1. Apologies and welcome
  2. Chair’s report on the background to the merger proposal, discussions with Affinity Credit Union and the proposal to merge with Affinity Credit Union
  3. Questions and discussion
  4. Resolution to be voted on:
    This meeting of members of the Eden and South Lakeland Credit Union hereby resolves to transfer the whole of the stock, property and other assets and all engagements of the credit union to the Affinity Credit Union, in consideration of the Affinity Credit Union issuing to each member of the Eden and South Lakeland Credit Union paid up shares equal to the amount standing to the credit of each member in the share ledgers of the Eden and South Lakeland Credit Union, debiting each member of the Eden and South Lakeland Credit Union with the like amounts of loans as are debited to each member in the books of Eden and South Lakeland Credit Union, on the date when the transfer of engagements to Affinity Credit Union becomes effective.
  5. Next steps