Wrap up of our 56th Annual General Meeting
MOVE Bank’s AGM was held on 14 November 2024.
We always enjoy the opportunity to connect with our members in person and appreciate your participation in the Bank’s governance. The AGM provides a great opportunity for members to connect with each other and with the Bank’s Board and Management.
Scott Riedel, the Bank’s Chairman, discussed MOVE Bank’s ongoing commitment to the financial education and support of the rail community. He noted our record loan growth of $86 million during the year, with the vast majority of which was used to help members purchase homes to live in.
Mike Currie, our CEO, discussed the Bank’s achievements during the year. We remained profitable despite large investments in technology and strong competition in the finance sector. We have received over 100 industry awards over the past 7 years and are continuing to simplify our product mix whilst offering highly competitive rates for both borrowers and depositors.
Members voted to reappoint Rachel Adair and Sarah Dixon to the Board, and to provide the Board with an increase in remuneration of 4.2% in line with Wages Price Index of the Bank.
We would like to extend our gratitude to the members who attended the AGM and those who voted online for the important role they are playing in MOVE Bank’s governance. Thank you all for your continued support and your participation.
