Board of Directors Report ' 2007 '

This year's Annual report is our opportunity to define 3M Employees' (Ontario) Credit Union Ltd. in more depth. For most of you, it's also an opportunity to renew ties with an old friend, the credit union we all own. This is an celebration of positive change, of an successful year and, most important, an glimpse into what the future holds for our owners and your credit union.

Our name change last year created quite a buzz within the 3M Canada Corporation located in Ontario. The ability for 3mers to become credit union members has been extended to several locations in Ontario.

When you look below the surface of the name change, you'll discover the values we built together are intact and flourishing. Ontario, in a word is simply an easier way to get the message out. It means inclusion, to all those who belong, who are proactive, to foster mutual success, and to grow through accountability.

Ontario: Generates new potential for the credit union while remaining true to our legacy. It opens the door to others who are connected to our credit union at different locations through the name, It does not replace our credit union status; it simply gives us more possibilities. 

The cosmetic name change makes it easier to engage in a new conversation with all our stakeholders- one that will help your credit union realize its vision throughout Ontario. 

Our continuing goal is to build a relationship with every member by exceeding your expectations, ensuring your financial needs are fully met within our scope, and providing you with the services offered, and to better serve you. 

The 3M Credit Union mission is to foster the safety and soundness that our members have come to expect from their Credit Union. 

I would hereby like to congratulate the volunteers who presently make up the various committees and serve our members as volunteers to the Board of Directors. Their professionalism and progressive attitude is and will always be the driving force of our successful Credit Union.

We must contribute a large portion of the success of the Credit Union to our staff. Their tireless effort and professionalism have added value and prestige to our Credit Union. Thanks to Marg Dempsey and Kevin Stewart.

The board would also like to acknowledge that it was the long range vision of our Charter Members that set forth our path. These members were comprised of both salaried and hourly personnel, 3M'ers in the 1950's that have made this venture successful.

The Board of Directors sincerely hope that you are pleased with year 2007 results, and we appreciate the continuing support of the member shareholders.

Sincerely, Sam Cornelisse
President: 3M Employees' (Ontario) Credit Union Ltd.