Call for Board of Director nominations

Join the G&F Financial Group Board of Directors

Call for Board of Director nominations

On Tuesday, April 12, 2022, Gulf and Fraser Fishermen’s Credit Union, operating under the trade name of G&F Financial Group (G&F), is holding its 81st Annual General Meeting. We encourage all members to come and participate in this important event. Complete details and instructions will be conveyed to you in the AGM News that will be mailed during the 1st quarter of 2022.

The terms of four Directors will expire at the upcoming Annual General Meeting with three directorships available for a three-year term. See below for eligibility criteria.

Elections

Board of Director elections take place leading up to the AGM, when a Director’s term expires (every three years). All candidates must be nominated by no fewer than three members in good standing from G&F / Aldergrove Financial / VP Financial / Mount Lehman Financial in order to run for election.

If the number of qualified candidates is equal to the number of vacancies to be filled, those nominees shall be declared elected by acclamation. 

To be eligible for election as a Director, a candidate must:

  1. Have been a member in good standing of the credit union;
  2. Have a good track record of community involvement; and
  3. Have not remained in default of any obligation to the credit union for seven days after having received notice of such default from the credit union. 

The candidate must have met the above criteria for at least one year prior to January 1 of the year in which voting in the election will be held. 

Each candidate must also meet the following criteria:

  • Be the age of majority
  • Be eligible for fidelity bonding
  • Be financially responsible (as per a credit check)
  • Be of sound mind
  • Be qualified to become or act as a Director pursuant to the British Columbia Business Corporations Act, the Financial Institutions Act, and the Credit Union Incorporation Act
  • Be available to meet with the Election Committee as designated by the Election Committee

In addition, each candidate must not:

  • Be in a conflict position with any matters related to the credit union (as determined by the Personal Information Return and the Code of Conduct Policy)
  • Have been bankrupt in Canada or elsewhere within the last five years (s. 99(2) of the Financial Institutions Act)
  • Have been convicted of any criminal act of any nature whatsoever during the past seven years (as verified by a criminal background check)
  • Be an employee or affiliate of the credit union; or the spouse, parent, child or step-child, of a paid employee or affiliate of the credit union during the current year or the preceding five calendar years prior to the close of nominations
  • Be an employee, officer or Director of any competing financial institution (banking, insurance, brokerage or trust organization)

Desired candidate profile

The Election Committee has reviewed our current board requirements and has identified competencies that are best suited to our Board of Directors. The desired candidate profile includes skills and background in the following key areas: 

  • Digital Engagement/Technology: familiarity with, and an understanding of, using best practices to engage audiences using a variety of digital platforms and devices
  • Treasury: an understanding of the management of money and financial risks in business
  • People Skills: interaction, interpretative and communication skills
  • Strategic Business Acumen: understanding the risks and opportunities within a business situation with solid decision-making abilities that lead to a positive outcome
  • Previous Board Experience: familiarity with serving on a Board of Directors for an organization or non-profit group

Background skills and qualifications

Other required skills and qualifications that prospective candidates should possess are:

  • Financial: the skills and knowledge to interpret detailed and complex financial statements and to assess business performance
  • Cooperative values: a commitment to The Cooperative Principles 
  • Self-improvement: dedication to self-development through ongoing education
  • General: an understanding of the impact of current economic conditions from an industry, local and global perspective

G&F Financial Group promotes gender and ethnic diversity throughout our credit union and encourages members who have an appreciation of the rapidly changing business climate to submit their names for nomination.

Apply today

You may request details of the eligibility requirements and nomination forms from the G&F Hub at 401-7300 Edmonds Street in Burnaby. Completed nomination forms and pertinent information must be received at the G&F Hub by the Close of Nominations on Wednesday, February 2, 2022 by 4:30pm. For more information, please call 604-517-5101.

Annual General Meeting

On Tuesday, April 12, 2022, G&F Financial Group is holding its 81st Annual General Meeting. We encourage all members to participate in this important event, whether in person or by joining online.

At the AGM, you receive an insider’s perspective into the credit union – you have the opportunity to learn about highlights from the past year, review our financial statements and take a look at our plans for the upcoming year.

The AGM provides a great opportunity to ask any questions, raise concerns or tell us what you like about G&F Financial Group!