Board of Directors

The Board of Directors is elected by the membership at the Credit Union's Annual General Meeting (AGM). At their inaugural meeting following the AGM, the directors elect a President, Vice President, Secretary and Assistant Secretary.

At their first meeting after the AGM a President, Vice President, Secretary and Assistant Secretary are elected from among the directors.

The Board of Directors’ responsibilities are:

• Overall operation of the affairs of the Credit Union
• Recommends dividends to the Annual General Meeting
• Approves Membership Applications
• Sets loan interest Rates
• Establishes and revises policies for Management implementation
• Directs the credit union’s operations through Senior Management.
• Ensuring the continuity and development of the Credit Union and
• Serving as Trustees

A board member of the credit union has several important responsibilities, and is committed to the credit union’s development, compliance, and sustainability. He/She is required to dedicate a significant amount of time to serve in various committees, so that the credit union may remain financially sound, compliant with regulations, and committed to serving its members effectively.

It is in the best interest of members to carefully select candidates who possess strong business acumen, a strong work ethic, and the creativity required for the role, as the future of the credit union relies on the board’s energy and vision. The credit union’s growth, services, and core values depend on the direction provided by its Directors.