Innovation Federal Credit Union (“Innovation”) was proud to share its 2025 financial results and community achievements at its Annual General Meeting on Thursday, May 7th. Members could attend virtually or in person at the Meadow Lake Co-op Centre.

Michele Wilde, Innovation’s Board Chair, noted two key highlights for 2025: the first-ever Canadian interprovincial merger between Innovation and ABCU Credit Union and Innovation sharing $5.4 million with Innovation’s member-owners as part of its Member Rewards program.

“In a world with countless banking options, our members’ choice to stay with an organization dedicated to co-operative values is truly commendable,” says Board Chair, Michele Wilde. “We want to truly thank our members for their continued loyalty. We look forward to more exciting enhancements to better serve them in 2026.”

Innovation’s financial year concluded with total assets under administration of $5.8 billion, reflecting a 5.7% increase from 2024.

“What stands out most about this past year is how our people responded to ongoing disruption, regulatory evolution, and rapidly changing member expectations,” says Innovation CEO Daniel Johnson. “Our teams leaned into industry disruption rather than resisting it. We saw staff embrace new ways of working, adopt digital tools, leverage artificial intelligence (AI), and collaborate across traditional boundaries to deliver better outcomes for members.”

Other meeting highlights included:

• Welcome to new Director Brent Trombley from ABCU Credit Union.
• Innovation awarded $1.2 million in the form of sponsorship, naming rights, community development, legacy funds, grants, and scholarships.
• Innovation awarded $265,000 to 20 Saskatchewan organizations for major community projects in 2025.

As a special addition, Innovation spent the day of their Annual Meeting in Meadow Lake focused on youth engagement and financial empowerment. They delivered Financial Empowerment sessions at Carpenter High School, Transition Place Education Centre, and North West College. Part of the visit included providing a $1,000 donation to each school in support of youth learning and financial literacy.