19 CONSOLIDATED FINANCIAL STATEMENTS 2024 Regulatory Compliance and Risk Management In an ever-changing regulatory environment, maintaining compliance and managing risk are paramount. We are committed to continuously monitoring and adapting to new regulations to ensure that we remain compliant with regulatory requirements while concurrently protecting our members’ interests. By adopting robust risk assessments and risk mitigation strategies, we will continue to safeguard the financial health of members, the Group and the wider financial services sector. Collaboration and Sectoral Development The success of the wider credit union movement is inextricably intertwined with the success of our Credit Union. In the coming year, we will continue to foster strategic partnerships from our position of leadership and, where it does not cause a conflict or negatively impact our operations, will collaborate with other Credit Unions and financial institutions to drive innovation, potentially through shared services, for the benefit of all. We will also become greater advocates for the Group by actively and visibly participating in forums that promote the benefits of the Group to a wider audience. 2024-2025 promises to be a period of growth and positive change. We are excited about the opportunities ahead and are confident that, together, we will continue to build a stronger, more resilient Group that meets the needs of our members and our community – a Group where every member can proudly say, “This is where I belong.” Thank you for your continued trust and support as we embark on this journey forward.
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