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Where you bank can

CHANGE EVERYTHING

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

March 27 - April 17

Find out more about the 2025 Board of Director Nominees and how to vote.

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?


 

Get to know us better

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As your neighbours, helping the community thrive is our #1 priority.

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We’re always looking for great talent to join our team and support our members.

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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
 
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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:
  • 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:

  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.
 

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

  • 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
  • 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
  • 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 (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