Boards and Elections
Boards and Elections
Members have the opportunity to participate in the governance of OMISTA by becoming a Director on OMISTA's Board.
OMISTA’s Board seeks candidates who possess some or all of the following skills and experience:
- Ability to understand and assess financial statements and reports
- Experience and complex decision making serving on Boards or Committees with budgets
- Competence in the areas of Credit granting, Legal, Risk Management, or Governance
Board Selection
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, and caring organization.
Who is Eligible to become a Director?
Regulations outline minimum requirements for individuals who wish to become credit union directors. A person who is a citizen of Canada, 19 years of age or older, an owner of the credit union and who satisfies the requirements set out in the by-laws of the credit union may be a director, unless he or she is:
- a person who has the status of bankruptcy;
- an employee of a credit union, a trade association or the guarantee corporation;
- not bondable; is an auditor, or a member of the auditor's firm, of that credit union;
- a parent, child, spouse, brother or sister of a current employee of the credit union;
- the solicitor of that credit union;
- a public employee whose official duties are concerned with the affairs of credit unions;
- a person who has a loan with the credit union on which principle or interest is in arrears for a period established by regulation.
