Attributes

Integrity and Accountability:
Ability to demonstrate high ethical standards, integrity in personal and professional dealings, willing to act on and remain accountable for boardroom decisions.

Informed Judgement:
Ability to provide wise thoughtful counsel on a broad range of issues, develop depth of knowledge of financial services in order to understand and question assumptions on which strategic and business plans are based and judge the probability of success.

Financial Literacy:
Capable of reading financial statements and develop an understanding in the use of financial ratios and other indices for evaluating performance.

Team Player:
Ability to value board and team performance over individual performance and value respect for other.

Education:
Willingness to partake in director educational courses to develop an understanding of cooperative principles and gain valuable insight into the financial services industry.

BEING A DIRECTOR

The duties and responsibilities of Directors are set out in the Credit Unions and Caisse Populaires Act, 1994 (The Act), in the regulations under The Act and in the Deposit Insurance Corporation of Ontario By-law No. 5 (Standards of Sound Business and Financial Practices).

The Board of Directors is responsible for managing the business affairs of the Credit Union, including the following functions:

• Establish policies for the organization
• Review and approve each year the organization's policies and annual business plan
• Oversee management in the implementation of risk measurement techniques and risk management procedures
• Monitor the performance of the Credit Union to ensure adherence to policies and the annual business plans
• Oversee community relations and protecting member's rights

As an individual Director you are responsible to:

• Carry out your job honestly, in good faith and in the best interest of the Credit Union
• Comply with all relevant sections of The Act, The Regulations, the Credit Union's By-laws and other applicable laws and statutes
• Hold in strict confidence all transactions by members and the organization
• Know when there is, or may be, a conflict between your personal interest and the interest of the Credit Union - disclose the conflict and in most cases withdraw from discussions and abstain from the vote

The Board's mandate is to meet at least monthly to accept reports from management, to raise questions that encourage open discussions and provide guidance to ensure the Credit Union continues to meet the financial service needs of its members and to the communities it serves.

If you are interested in becoming a Board Member please call General Manager - Tony Doucette at 519-383-8001 or send a letter to him at Head Office.