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As a member-owned financial institution, we're proud to work where we live and invest back directly into our communities.
2025 Corporate Updates
Board of Director Election
took place March 27 - April 17
Find out who was elected at the April 29 OMISTA Annual General Meeting.
2024 Annual General Meeting
April 29 at 3:30pm
Explore more about the OMISTA Credit Union Annual General Meeting and how to attend.Why choose us?
Our Purpose
The principles we live by every day.
We care for members and empower them to succeed.
Get to know us better
As your neighbours, helping the community thrive is our #1 priority.
We’re always looking for great talent to join our team and support our members.
Join a financial institution that really cares about helping you reach your goals.
Meet our Board
Board of Directors
Jack Low
Chairperson
Linda Schofield
Vice-Chairperson
Shawni Beaulieu
Secretary
Claire Fanning
Director
Simon Pacey
Director
Pat Duffield
Director
Ajit Gautam
Director
Rayanne Brennan
Director
Roxanne Reeves, Ph.D
Director
Board of Directors
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:
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
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.
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.
General Role of a Director
As a director, you help ensure OMISTA is accountable to customers for all policies and decisions. A director is also responsible for ensuring sound management of the Credit Union and safeguarding the assets.
Criteria for OMISTA’s Directorship
Director responsibilities:
- Approving and monitoring OMISTA's mission, vision and Code of Ethics
- Contributing to the development of OMISTA's strategic direction and approving the strategic plan
- Ensuring that OMISTA's principal risks are identified and that appropriate systems have been implemented to manage these risks
- Selecting, evaluating, providing training and development, and setting salary range for the CEO; ensuring the CEO performs to specific standards
- Monitoring the organization's progress against annual business plans and strategic plans to ensure the effective operation of the organization
- Establishing key strategic policies
- Ensuring the quality of products and services offered to customers by OMISTA
- Approving OMISTA's financial structure and budgets
- Assuring OMISTA's stakeholders about the integrity of the organization's reported financial performance.
- Maintaining the confidentiality of the Board's business and affairs
- Reviewing the written description of the Board's responsibilities annually as part of the Board's annual policy review process and sharing the written description of the Board's duties throughout the organization
Time and Capacity:
- Willingness to serve on the board
- Willingness to complete the Credit Union Director Achievement (CUDA) program
- Ability to meet the scheduled time and commitment (attendance at board meetings, committee meetings, required director training, and additional preparation)
- Capacity for attention to the organization
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.
- Ability to function in a team context and to respect and support the Board's decision-making process.
Communication Skills:
- Communication skills (expression, listening, comprehension)
- Ability to probe and question material issues without being offensive or overly aggressive
- Ability to communicate electronically
- Participate actively in all meetings
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Copyright 2024 OMISTA Credit Union. All rights reserved.
Copyright 2024 OMISTA Credit Union. All rights reserved.
