April, 2014



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Press Release

Thursday April 24, 2014

The Caisse Populaire Kahnawake
posts a surplus of
$2,065,000 for 2013

Kahnawake, April 24, 2014 - For the fiscal year ending December 31, 2013, the Caisse Populaire Kahnawake declares its surplus earnings to be at $2,065,000. Thanks to the excellent performance and the strength of its capital, the Caisse Populaire Kahnawake will distribute its owner-members returns totalling $874,347. In addition this year, the members have voted to contribute an additional $60,000 to the Community Development Fund, $150,000 to future member dividend reserve and $782,154 to the General Reserve.

The Annual General Meeting of the Caisse Populaire Kahnawake took place on Wednesday, April 23, 2014 at the Lafleur’s Golf and Dining in Kahnawake. Members present voted to distribute the total of $874,347 in individual member dividends. The Caisse is pleased to announce that the personal returns approved by its members corresponds to 4% of user fees, 31.75% of the interest received on savings and 10.15% of the interest paid on loans for the period between January 1, 2013 and December 31, 2013.

Members who are entitled to returns will receive their funds in early June, 2014.

Board of Directors and Board of Supervision of the Caisse Populaire Kahnawake

The terms of Stephen Lafleur and Wayne Rice for the Board of Directors and Mark Standup for the Board of Supervision ended on April 23, 2014.

Members were asked to submit their nominations for the three positions no later than March 28, 2014.

The nominations of Stephen Lafleur, Wayne Rice and Mark Standup were submitted by the deadline of March 28, 2014, and accepted by the nomination committee. At the Annual General Meeting held on April 23, 2014, Stephen Lafleur and Wayne Rice (Board of Directors) and Mark Standup (Board of Supervision) were re-elected by acclamation.

As of December 2013, the global assets of the Caisse Populaire Kahnawake are established at $241,651,000 for a growth of 5.2% over last year.

Nia:wen’kowa to all our members who continue to support the Caisse Populaire Kahnawake.

There has to be a link for the newsletters newsletter 8 pages, e-news 1 page

  • Newsletter - Published 4 time a year—the next being June 15, 2014
  • E-Newsletter - next publication August 2014.

Personal Financial/Commercial Advisor—The primary duty of a personal financial/commercial advisor is to establish and maintain personalized business relationships with current and potential members and advise them on attaining their financial objective.