Libro Credit Union to create 10 jobs in Oxford County

Wednesday May 22, 2019

 

Libro Credit Union to create 10 jobs in Oxford County

WOODSTOCK, ON – Libro Credit Union announced today (Wednesday, May 22, 2019) it plans to open a new location serving Oxford County before the end of 2019, creating 10 jobs.

It will be located at 383-427 Norwich Avenue, Woodstock, near the southern access point to the city from the 401. Of the 10 new jobs, seven will be full-time and three will be part-time.

Making the announcement at an event at Woodstock Museum, Steve Bolton, Libro’s President, CEO and Head Coach, said: “We’re thrilled to be expanding our network of locations to Woodstock, serving the wider Oxford County and inviting people here to become Libro Owners and to share in our goal of growing prosperity together.

“Although we have had Owners in this area for many years, this announcement today could be seen as our first step into Oxford County. It feels like home. Every community served by Libro has its uniqueness, and they all have common values. 

“This county is a place I recognize because it shares Libro values: here, people understand what it means to work together, to achieve our goals together, and to prosper together.”

Libro is the largest credit union in southwestern Ontario. With this announcement, and other recent announcements including a new site in Old East Village, London, it expects to have 36 locations open by the end of 2019.

Garrett Graham, Regional Commercial Manager for London, Elgin and Oxford, said recruitment for the 10 new staff is well under way.

He said: “We want the right people, who share our values, to help us to build prosperity in this community and across southwestern Ontario. And we invite the people of Oxford County to bring us their business, to open accounts with Libro, talk to us about loans, investments and more. The more people join us, the stronger we become together.”

Some key facts about Libro:
•    It is a registered Benefit Corporation (B Corp – pledging to use business as a force for good) and a Living Wage company.
•    Everyone who does business with Libro is called an Owner because they own part of the company. 
•    For 2018, Libro returned a record $11.6 million to Owners as profit shares, investment shares and dividends.
•    In 2018, direct reinvestment in the community totalled $1.5 million through sponsorships, donations, student awards, strategic partnerships.
•    Libro is run as a democracy, with a Board of Directors made up of Owners and elected by Owners. 

 

For further information, please contact:
 Mike Donachie, Communications Manager, Libro Credit Union 
P: 519-672-0130 ext. 4344, C: 226-926-4068, mike.donachie@libro.ca 

Leaders at Libro are happy to be interviewed by the media.