The credit union structure values the input and opinions of its members.
Unlike other financial institutions, such as banks, each person who opens an account with G&F Financial Group becomes an owner.
As a member, you receive a Membership Equity Share, making you a partial owner of the credit union. Your membership entitles you to vote on policies, elect Board members, and even run for a seat on the Board of Directors.
As a financial co-operative, G&F Financial Group is guided by the seven international principles of co-operatives:
- Voluntary and open membership
- Democratic member control
- Member economic participation
- Autonomy and independence
- Education, training and information
- Co-operation among co-operatives
- Concern for community
Governance and leadership at G&F Financial Group is divided into two units: the Board of Directors and the CEO’s Office. Each with their own areas of responsibility, these two units work in partnership to achieve the objectives of our credit union.
G&F Financial Group Credit Union Rules
The Credit Union Rules were established by G&F Financial Group and are governed by the Credit Union Incorporation Act of British Columbia. The rules were updated in April 2019.
Download this document to read the rules for membership, shares and deposits, borrowing and lending, the Board of Directors, the election process, the annual general meeting, and other aspects of the credit union.