H.R.C.U. posts record results

It’s one of the nation’s largest financial institutions and with nearly thirty-five thousand members, the Holy Redeemer Credit Union is an economic powerhouse whose significance is difficult to overestimate. Last night the H.R.C.U. held its fifty-ninth annual general meeting and to absolutely no one’s surprise, once again reported impressive results. Total assets reached almost one hundred and eighty-six million dollars, loans exceeded one hundred and fifty million and net profits stood at fourteen point six million. Shareholders were rewarded for their loyalty and thrift with the payment of seven percent dividends on savings and a ten percent rebate on interest paid in a timely fashion on loans during the financial year. A major highlight of the last twelve months was the opening of Holy Redeemer’s new headquarters building on Hyde’s Lane.