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Board of Directors
Other Resources Financial Planning Tool Financial Fitness Your Credit Union Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our three branches. What is a Credit Union Director?
A Credit Union Board of Directors is a group of volunteers who’s decisions direct OMISTA’s operations. They are local policy makers and instrumental in effecting positive changes for ensuring growth and prosperity for your Credit Union and your community. Directors encourage change by improving management practices, encouraging technological innovation and updating services to respond to owner needs.
As an OMISTA director you’re on a track record for success, and work in a team oriented environment with exciting opportunities. All directors take part in an accredited national training program, Credit Union Director Achievement (CUDA). This well recognized financial industry program allows you to develop the skills necessary to function as an effective credit union director.
OMISTA Credit Union is a democratic financial institution that operates with the best interests of our owners, community and environment in mind. You could play an integral role in shaping the future direction of this progressive, dynamic organization.
What is the General Role of a Director?
As a director, you are the Credit Union’s link to the ownership, ensuring OMISTA is accountable to owners for all policies and decisions. A director is also responsible ensuring sound management of the Credit Union, governance and safeguarding the owner’s assets.
Specific Responsibilities of OMISTA’s Board of Directors Include:
• Approving and monitoring OMISTA’s Mission, Vision and Code of Ethics Back to top Time and Capacity: • Willingness to serve on the board • Willingness to complete CUDA, accredited training program Team Player: • Ability to function as a member of a decision-making body (e.g. ability to participate in group decision-making using pre-established principles of the group, ability to support board decisions in a majority rules environment
Communication Skills: • Communication skills (expression, listening, comprehension)
A director is elected by owners by voting at OMISTA’s Annual General meeting. He or she holds office for a term of 3 years for a maximum of 3 terms. He or she must be re-elected for each term as prescribed by the Charter By-Laws of OMISTA Credit Union.
Who is Eligible to become a Director? A person who is a citizen of Canada, 19 years of age or older, and an owner of OMISTA Credit Union who satisfies the requirements set out in the by-laws of the credit union may be a director, unless he or she is
How do I apply for a position on OMISTA's Board of Directors?
To apply for a position on OMISTA's Board of Directors, you can print out and complete the application below and drop off at any of our three branches. Applications can also be picked up at any of our three branch locations. Applications are accepted annually each fall. The 2008 applications will be made available in September 2008.
Who may vote? Every owner who is 19 years of age and in good standing* is entitled to one vote. *Share balance of not less than $50, the first name on the account or have full owner status as of the date of the Annual General Meeting. The Credit Union Act (Section 74(2) and Section 76) does not allow owners to vote more than once per question or to vote by proxy. If a corporation or association is an owner of OMISTA Credit Union, the Credit Union shall recognize a natural person authorized to represent the corporation or association by a resolution of the directors of governing body of the corporation or association.
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