Becoming a Director of Northern Birch Credit Union Limited (“NBCU”)
If you strive to make a difference and want to give back to our community, you may wish to consider seeking nomination for position on our Board of Directors.
The Role of a Director
The role of a credit union Director in today’s environment is demanding and complex. Stakeholders (including the Financial Services Regulatory Authority of Ontario, our regulator) require more from Directors than in the past, and consequently the Director’s role is rewarding, yet challenging. Directors are typically elected for terms of up to 3 years. Candidates must be NBCU members in good standing and must bring to the organization the required skills and experience as set out below.
The Board’s mandate includes overall responsibility and authority for the strategic direction of the credit union, including leadership, stewardship, corporate governance and policy, and performance. As such, Directors of NBCU are required to have a broad range of knowledge and depth of experience, as well as have a demonstrated commitment to, and even better, passion for the principles, values and success of cooperative community-based financial services in our Estonian and Latvian and broader Baltic region communities. Ideally applicants would demonstrate this commitment by being active in their NBCU membership.