Boards and Elections

Meet the New Board Directors

Nominations for OMISTA's 2023-2024 Board closed January 20, 2023. There were three vacancies that have been filled by acclamation. Meet these three individuals below!

Meet Claire Fanning Expand/Collapse

Claire Fanning is a retired leader from the insurance industry.  Her career of 40 years at Cooperators

Insurance included many roles, both technical and managerial, and upon retirement she was responsible for the operation of the NB/PEI Regional operations.

Claire has 9 years of experience as a Director for OMISTA Credit Union, serving on various committees, Chairing Governance and Nominating Committees, and Chairing the Board itself.

Claire’s co-operative background shows her appreciation and commitment to the value of collaborative management styles, democratic business structures and the operation of a business for the common social good, while balancing this with the need for financial stability, reasonable profits, and sustainable operations.

Meet Ajit Gautam Expand/Collapse

Ajit Gautam, CPA, CGA, is a Saint Francis Xavier University graduate and current partner with Gautam Leblanc MacPhee in Moncton.  Ajit worked with Co-op Atlantic for approximately 20 years, Province of New Brunswick for 6 years, and Office of the Comptroller and Department of Finance as lead project manager and senior auditor.  Ajit is an avid volunteer and has worked with MAGMA, Indo-Canada Association of Greater Moncton, the CGA board, and more. 

Reoffering for a 3rd term with OMISTA, Ajit has been actively involved on the Audit Committee for 8 years (current Chair) and the Sustainability Committee for one year.  Ajit is a strong believer in the values and principles of cooperatives.

Meet Simon Pacey Expand/Collapse

Simon Pacey was born and raised in Fredericton and has been a member of OMISTA since 1980. He grew up in a family of Credit Union members and was raised with the co-operative values of community service, cooperation, and compassion.

Simon has been an OMISTA board director since 2016 and has served on the Audit, Sustainability and Nominating Committees. He is dedicated to furthering OMISTA's business goals while remaining true to the value system at the core of our history.

He is a father of two young OMISTA members and active in the Fredericton community.

Boards and Elections

Save the date!

OMISTA's 2022 Annual General Meeting will take place Thursday, March 30, 2023 at 3:30 PM. THe AGM will be fully virtual. More details coming soon.

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:

  1. a person who has the status of bankruptcy;
  2. an employee of a credit union, a trade association or the guarantee corporation;
  3. not bondable; is an auditor, or a member of the auditor's firm, of that credit union;
  4. a parent, child, spouse, brother or sister of a current employee of the credit union;
  5. the solicitor of that credit union;
  6. a public employee whose official duties are concerned with the affairs of credit unions;
  7. a person who has a loan with the credit union on which principle or interest is in arrears for a period established by regulation.

Would you like to make a difference in your credit union? Learn more about becoming a director.