Page 7 - CU Solutions Group Annual Shareholder Report

of Canada-based CU Training and its learning governance structure. Board Directors Mark
management system (LMS). Together, these Shobe and Bill Lawton have retired from their
three investments represented a record-high credit unions, and Gary Moody has resigned
$17.25 million invested in companies and from the Board. Therefore, CUSG will welcome
products that will help CUSG clients serve, three new Board members in 2022 as part of
grow, and remain strong. the annual meeting process. We want to thank
Mark, Bill, and Gary for their tremendous
Also in April 2021, the Board approved the service on the Board.
purchase of CUSG’s new collaboration center
to support the company’s recent move to a As we look to the balance of 2022, the Board
“Work from Anywhere” culture. Significant has confidence in our leadership and the staff
cost savings and culture enhancements come of 128 dedicated employees. Although
with this change, and the company sees an change is constant in new partnerships, high-
ongoing need to create opportunities for quality investments, and a challenging
groups of employees to network, plan, and business climate, we remain bullish on our
socialize. The center, known as “The Outback,” future.
opened in July 2021, and numerous staff,
Board, and partner meetings have been held I want to thank the Board for its support and
there since. confidence in me as Chairman. It’s a great
honor for me to serve alongside this fine
As noted in the Treasurer’s report and audited group of leaders. Thank you to our staff, the
financial statements, CUSG finished the year Board, and CUSG’s customers and
strong with earnings of $6.7 million. This shareholders for all they do. You make the
resulted in shareholder dividends of $3.4 CUSG team successful and a pleasure to work
million, up 62 percent from 2020. The balance with.
sheet remained strong with $98 million in
assets at year-end and equity of $79 million. Many thanks,
Placing additional private investments in
companies that strengthen the balance sheet
and add value for our customers remains a
high priority.
Pete P. Dzuris
In 2022, we will see more changes in our Chairman of the Board, CU Solutions Group

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