Board of Directors

SPECIAL RESOLUTION

Message from the Board of Directors Expand/Collapse


DEAR MEMBER,

We ask for your participation in this important vote by special resolution. A special resolution is a resolution of the members of the Credit Union that is passed by a two-thirds majority of votes cast and is one way to enable members to have a say in important decisions. In this case, we are proposing to update the Credit Union’s Rules in a manner that is consistent with best practices in corporate governance. In order for the proposed, revised Rules to proceed, we are required to receive approval from our members by way of a special resolution vote.

Every credit union has Rules, which are similar to bylaws, approved by its members that outline how the organization will operate as a legal entity. While our Rules are a legal and regulatory requirement, they also help to ensure the organization runs efficiently and successfully.

We encourage you to read the information found below to be fully informed of the proposed Rule changes, as well as the special resolution voting procedures and regulations and to exercise your vote. You may obtain a full set of the proposed, revised Rules by requesting a complete copy from one of our branches or by phoning us at 1-866-585-0978 to request that a copy be emailed or mailed to you directly. The proposed, revised Rules are also available below.

Your Board of Directors endorses the proposed changes to the Rules. A lot of thought has gone into updating and improving upon the current Rules for the benefit of our membership and Credit Union. We hope that you will support the special resolution being presented to you.

Thank you on behalf of the Board.

Voting Process and Regulations

Details Expand/Collapse


As per Rule 9 of the Rules of First Credit Union, we hereby notify our membership of the following special resolution being proposed by your Board of Directors:

“BE IT RESOLVED, as a special resolution, that the rules of First Credit Union be altered by deleting all of the existing rules in their entirety and replacing them with the rules attached hereto as Schedule “A”, which rules are hereby adopted as the rules of First Credit Union.”

Schedule “A” as referred to in the special resolution means the proposed, revised Rules that will become the Rules of the Credit Union upon adoption of the special resolution. Copies of First Credit Union’s current and proposed, revised rules (the Schedule “A”) can be found on our website at www.firstcu.ca/AboutUs/Board or can be requested at any one of our branches. You may also phone us at 1-866-585-0978 to request that a copy be emailed or mailed to you.

The majority of the proposed changes to the Credit Union’s Rules are aimed at clarifying and improving provisions of that deal with the nomination and election of directors. The current in-force Rules are based on the standard template that was adopted by a majority of the credit unions in British Columbia at or about the time that the Credit Union Incorporation Act (B.C.) and the Financial Institutions Act (B.C.) were brought into force. Some changes to the Rules have been made over the years, but First Credit Union is now looking at modernizing and updating its Rules.

Among other things, the proposed Rules address the following issues:
  • The new Rules implement a logical flow for the provisions that relate to the nominations and elections process.
  • Higher standards are included for director qualifications, including the requirement that a director be ordinarily resident in a geographic area where the Credit Union has a branch or office.
  • The Nominating Committee will be able to identify skill sets and experience that are needed on the Board of Directors and communicate those requirements to members.
  • The Nominating Committee will be able to recommend and endorse candidates for election as directors.
  • Failure of a director to meet stated requirements will result in a possible removal from office.
In addition, the proposed Rules will update some aspects of the current Rules that are out-of-date. These changes include the removal of references to the Business Corporations Act (which, for the most part, does not apply to B.C. credit unions) and deletes Non-Equity Shares as a class of shares. Non-Equity Shares are no longer used by the Credit Union and they reflect historical practices that are generally not utilized by credit unions in today’s market. There are currently no issued Non-Equity Shares; therefore, there will be no impact on existing shareholders.

Proposed Rules Expand/Collapse

How to Vote Expand/Collapse


Details regarding how and when to vote on this special resolution are as follows:

1. Method of voting:

  1. Personal members who are eligible to vote have the option to vote in one of the following ways:
       a. By electronic means through MemberDirect® online banking, provided the member is set up for this service;
       b. By mail-in paper ballot; or
       c. By paper ballot, cast at any one of our branches.

  2. Members that are non-personal legal entities (i.e., limited companies, registered societies, or other legal entities) and are eligible to vote must appoint an individual to vote on their behalf and complete the authorization section on the ballot. The appointed individual must be 19 years of age or older. Voting on behalf of a non-personal legal entity can only be done in-branch or by mail-in ballot.

2. Voting will commence on Thursday, April 5th, 2018, and will end on Thursday, April 19th, 2018.

3. Voting by paper ballot can occur in any of our branches during regular operating hours, from April 5th, 2018, up until the end of the business day on April 19th, 2018. Ballots submitted by mail must be post-marked no later than April 19th, 2018, and received (to the address noted on the ballot) no later than 5:00 PM on April 26th, 2018.

4. Only members in good standing of First Credit Union, who are not junior members, can vote. A member in good standing is a member who holds the required number of Class “A” Membership Equity Shares and has not been more than 90 days delinquent in any obligation to the Credit Union.

5. In addition to voting by electronic means, members also have the right to either:

  1. request in writing, by telephone, or in person at a branch of the Credit Union, not less than ten days prior to the close of voting, that a ballot be mailed to them, which ballot may then be cast by mail or by deposit at a branch of the Credit Union; or
  2. request in person at a branch of the Credit Union, prior to the close of voting, that a ballot be made available to them, which ballot may then be cast by mail or by deposit at a branch of the Credit Union.

Meet our Board

Our Board Of Directors are elected by the members at the Annual General Meeting.  They are a dedicated group of individuals who live in our community and come together to represent the membership in setting the strategic direction of the organization.

Guy Chartier, Chair Expand/Collapse

Guy is an executive leader with extensive experience in organizational management and innovation. He has been the Executive Director for the Powell River Division of Family Practice since 2013. Prior to healthcare management, Guy held various positions in international education in the Middle East and Asia-Pacific. He earned a bachelor’s degree in Education at University of Montreal and a master’s degree in Business Administration at Royal Roads University. He is an active member of the Institute of Corporate Directors (ICD) and the Canadian Society of Association of Executives (CSAE). Guy served on the board of Powell River Community Futures and is passionate about community development for a sustainable future. Guy brings strong financial literacy and risk management experience, along with experience working in the highly complex healthcare sector as well as commitment of service to First Credit Union.

 

Gerry Wray, Vice-Chair Expand/Collapse

Gerry was born and raised in New Westminster and moved to Powell River in 2005. She has over 30 years of experience working for financial institutions. Gerry volunteers for many organizations; she served as a director for the 2007 Disability Games and treasurer for 3 years for the non-profit charity responsible for 9 Villages in Malawi Africa. Gerry also volunteers at the Powell River Health Care Auxillary, Kathaumixw, and Festival for Performing Arts on a regular basis. It is Gerry’s passion for volunteering and community involvement that inspired her to become a First Credit Union board member in May 2009. She enjoys working in a dynamic environment, on a variety of projects, with a diverse group of people; all working on behalf of credit union members.

Dan Dyble, Director Expand/Collapse

Dan Dyble works as a consultant to small and midsized organizations implementing strategies through start-up or growth phases. His background in industry and conflict resolution across cultures serves a growing portion of clients as smaller firms globalize.  Prior to his consulting practice, Dan spent many years working in the oil and gas industry in a variety of roles including both manager and advisor, managing projects designed to increase operational efficiency,  review and implement policy, and standardize procedures. Dan is also an Executive member of the Powell River Yacht Club and a Director of the Fermenters Guild BC.

 

Michael Matthews, Director Expand/Collapse

Michael grew up and was educated in Oxford, UK.  After university, he taught Physics and Philosophy in the UK and Belgium before coming to Canada and taking Canadian citizenship. His career has been spent in leadership positions in independent schools in Canada and the UK, and international schools in Brussels, New York, Bangkok and Zurich.  He sat on the Board of the International Baccalaureate organization, and chaired the World Council of IB Heads. Michael is also a Director of the Johanna Heumann Foundation, a Swiss charity that funds university education in developing countries. Michael and his wife retired to Powell River in January 2012; since then he has continued to lead accreditation teams to schools around the world on a pro bono basis on behalf of the Council of International Schools.  He has been looking for opportunities to contribute to his adopted community, and in 2014 he joined the board of  the Pacific Region International Music Academy (PRISMA).  Michael brings strengths in organizational structure, financial management and strategic planning to the First Credit Union board.

Susan Clark, Director Expand/Collapse

Susan moved to Texada Island from Prince George in 2013 and has been a member of First Credit Union since that time. She has experience as a director on several boards, including Texada Arts Culture Tourism, Powell River Tourism, and more. Susan has been Principal of project management services and communication for S. Clark and Associates since 2009. Prior to moving to Texada, she held a variety of positions including Program Officer for Union of BC Municipalities, Executive Director for North Central Local Government Association, amd Manager of Smithers Chamber of Commerce. Susan understands the importance of a vital financial institution in small centres, and appreciates the community support provided by credit unions.

Catherine Bell, Director Expand/Collapse

Born and raised in the Comox Valley, living in Cumberland for the past 17 years with her spouse Roger Kishi, Catherine is the mother of two sons, and grandmother of three. Her Grandfather was one of the founders of the Courtenay Credit Union, and her parents were strong believers in credit unions as a means of investing in local businesses and community, a passion she inherited.

Catherine's diverse professional background includes Vice President for the BC Government and Service Employees Union, MP for Vancouver Island North, as well as owner of Zocalo Cafe and Gallery in Courtenay. Her financial experience includes fiduciary responsibility of approving and monitoring her Union’s multimillion dollar budget. As Member of Parliament, she participated in the federal budget process. Catherine has also experienced the financial responsibilities of being a small business owner.

Tim Wall, Director Expand/Collapse

An energetic finance professional, Tim Wall has full knowledge of GAAP and provides vast experience in full cycle accounting and reporting, budgeting and forecasting.

His extended skills include many financial software applications (Sage, Cognos, Oracle, PeopleSoft, etc.), office management software (Word, Excel, PowerPoint, etc.), negotiations, mediations, business case development and software implementations.

Tim has over 25 years development and oversight of Annual budgets, financial reporting and internal control development and review in Municipal, Provincial and Private sector environments, ensuring adherence to GAAP and PSAP.

Tim is excited for the opportunity to provide his experiences to First Credit Union, as it will enable him to take advantage of his professional strengths.

Eligibility

Rule 4.4 – Eligibility for Election as a Director – An active member in good standing on the date nominations close, other than a person disqualified by Rule 4.5, shall be eligible for election as a director.  For the purposes of being eligible to vote in an election, a person must be a member, other than a junior member, in good standing 90 days prior to the date on which the balloting is to commence.

For more information on eligibility requirements, please contact our Administration Office at 604-485-0978.

AGM

The Annual General Meeting is held each year in the spring and members are encouraged to attend.  Notification of the AGM's date and location is sent to members prior to the meeting.

 

Online Banking

Find Branch/ATM

Enter address, postal code or branch name