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Call for Nominations - 2025 Directors Election

 
You’re invited to consider running in our directors election.

If you, or someone you know, would like to play an important part in the future of the largest credit union based on Vancouver Island & the Gulf Islands, then we want to hear from you.

The Call for Nominations period runs from January 13, 2025 to February 18, 2025. 

Knowledge and Expertise

Having a diverse board that represents the communities we serve and shares the vision we have for our credit union is extremely important. As a result, we encourage members with strong governance backgrounds and a commitment to our values to consider running for director regardless of their particular skill sets. Although all competencies are valuable, we would like to further strengthen our existing Board expertise in the following areas:

Relevant experience including the oversight or management of retail and commercial lending including an understanding of approval processes, with an emphasis on reporting, credit and geographic risks and regulatory issues surrounding lending activities as they pertain to a financial institution.

Relevant experience including the understanding of liquidity management, interest rate risk management, foreign currency risk, asset liability management and derivative and balance sheet management as it pertains to a financial institution, and supported by relevant courses and/or designations.

Relevant experience, background and knowledge including reading and interpreting corporate financial statements, understanding the relationship between financial performance and strategic plans and the ability to identify/describe organizational risks and controls, and supported by relevant courses and/or designations. A CPA designation would be an asset.

Relevant experience, background and knowledge as a lawyer or other legal expert preferably with knowledge of the business, commercial or financial services sectors. The candidate should have the ability to identify legal and regulatory issues relevant to a financial institution and an understanding of the legal and regulatory framework under which a B.C. provincially regulated credit union operates and of the responsibilities, accountabilities and liabilities of a director of a B.C. credit union, including the Board’s role in ensuring the credit union has sufficient policies, procedures and standards in place to comply with the credit union’s legal and regulatory obligations. The credit union engages independent legal counsel when seeking legal advice on specific issues and candidates will not be expected to provide legal advice to the Board in their capacity as a Board member.

Read our Call for Nominations Letter

How to apply

 
Click here to fill out the application form on Do Some Good. This powerful free community platform simplifies the application process. You will need to complete the form by February 18th. The information provided will be used for the sole purpose of the 2025 Directors Election.

Please keep in mind that if you don’t have an account, you will need to create one to access the form. It’s easy! Just follow the prompts on the screen. It’s safe, secure, and takes less than a minute. If you experience any issues, please contact us at communications@cccu.ca.

Find Important Candidate Materials

2025 Call for Nominations Letter
Call for Nominations Letter 

Candidate Nomination Form
2025 Candidate Nomination Form  

Candidate Sponsor Form
2025 Candidate Sponsor Form 

 

Read the Directors Election Resources

Coastal Community Rules
CCCU Rules 

Becoming a Director Brochure
Becoming a Director Brochure 

Directors Election Guidelines
Directors Election Guidelines 

Received a Call for Nominations notice in the mail? This notice was sent to all Coastal Community members, including junior members and estates, who are not active on online banking (a separate electronic notice was sent to these individuals.). All Coastal Community members in good standing, including junior members and those administering estates, are able to sponsor a candidate.

We look forward to your participation in the Board of Directors Election in 2025.

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Coastal Community Credit Union acknowledges that we are located on the Lands of the Coast Salish, Nuu-chah-nulth and Kwakwaka’wakw ancestors and families, whose historical relationships with the Land continue to this day. We are grateful to have the opportunity to live, learn, work and play in their traditional and unceded territories.

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