Board and Elections

Be a part of something bigger!

Every year, East Coast Credit Union holds its Board of Directors Election for available director positions. Members are invited to run as a candidate in the election, and to vote for candidates who will represent the membership as a Board member. Our members involvement and engagement is critical in maintaining East Coast Credit Union’s success, and in shaping the future direction of this progressive, dynamic, and caring organization. East Coast Credit Union’s Board of Directors is built on leadership, dedication and excellence.

Overview of the Director Nomination and Election Process - 2018

  1. Call for Nominations for the position of Director (February 14th)
  2. Call for Nominations closes and all completed Nomination packages submitted (March 14th)
  3. Nominations Committee approves the candidates (March 21st)
  4. List of approved candidates posted in all branches and on the ECCU website (includes candidate’s biography and photograph) (March 26th)
  5. Voting Period (in-branch and online) (March 29th – April 20th)
  6. Election ends; results of election announced at the Annual General Meeting (April 25th)

Are you interested in becoming a Director? Would you like to nominate someone?

For the 2018 Board of Directors election process, there are four vacancies and members will elect candidates to fill these four positions for a three-year term. A minimum of two sponsors are required and both sponsors must be East Coast Credit Union members.

Please see the details outlined in our Official Invitation to Apply. To put forward your name as a candidate, please submit a completed Nominations package to your local East Coast Credit Union branch by close of business day March 14th, 2018.

Please view our Election Calendar for key activities and timelines throughout the election process.

Who is Eligible to become a Director?

A person who is a citizen of Canada, 19 years of age or older, a member of the credit union and who satisfies the requirements set out in the Credit Union Act and the Charter By-Laws of the credit union may be eligible to hold the position of director, except:

a. an undischarged bankrupt;
b. a current employee of a credit union, or anyone who, in the past two years, has been an employee of the credit union, Atlantic Central or the Credit Union Deposit Insurance Corporation;
c. an auditor or a partner of the auditor's firm of the credit union;
d. the solicitor or a partner of the solicitor’s firm of the credit union;
e. a civil servant whose official duties are concerned with the credit union;
f. a member person who is in arrears for more than 90 days under a debt obligation to a credit union;
g. a person who is in breach of any policy of the credit union;
h. a person reoffering for further terms, after having served on the Board for a total of three years or more, but who has not completed the director training requirements as set out in the Credit Union Act 82(3), and has not submitted in wiriting a commitment and plan as to how they will complete the training in the following twelve months;
i. a person who fails to attend three consecutive Board meetings, without cause satisfactory to the other members of the Board of Directors, or fails to attend at least (50%) of regular meetings including the Annual General Meeting and Strategic Planning Session.

Are you Eligible to Vote?

Every member who is 19 years of age and over, and in good standing* is entitled to one vote.

*Share balance of not less than $5. The Credit Union Act 71(1) and 71(2) does not allow owners to vote more than once per question or to vote by proxy. If a corporation or association is a member of East Coast Credit Union, the Credit Union shall recognize an individual to represent the corporation or association by a resolution of the directors of governing body of the corporation or association.

What is the Nominations Committee?

Each year, the Board of Directors appoints a Nominations Committee, which reports directly to the membership at the AGM. The committee makes its best efforts to identify and encourage nominations from eligible members that are representative of the diversity of the credit union, and who possess the skills, knowledge and expertise required to serve on the Board of Directors. The Committee reviews the nominations to ensure the nominees are eligible candidates for the Board of Directors.

 

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