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Board of Directors Election

 

Upcoming Elections

As part of the FirstOntario Credit Union family, Creative Arts Financial members have the democratic right to run in FirstOntario’s annual Board of Directors Election. This is your opportunity to personally contribute to our continued success.

 

Candidate Search Period

Monday, November 7 until noon on Monday, December 5, 2022.

Electronic and In-Branch Voting Period:

Monday, February 6 to Monday, March 6, 2023.

Annual General Meeting

Wednesday, April 19, 2023. Stay tuned for more information.

For this election, there are four vacancies on the Board. After the Voting Period, the candidates with the four highest vote totals will be elected for a three-year term. Interested members, including previous candidates, are strongly encouraged to run for election.

 

Qualifications

FirstOntario is a successful financial institution with over $5 billion in assets under management. The credit union regulator, the Financial Services Regulatory Authority of Ontario, requires that qualified members with the necessary experience serve on FirstOntario’s Board of Directors.

To qualify to run for election to FirstOntario’s Board of Directors, members must be 18 years of age or older, have been a personal member of Creative Arts Financial for the past three years and have both governance and financial literacy experience. You must also meet the qualification requirements outlined in the Credit Unions and Caisses Populaires Act and FirstOntario’s By-laws. All required qualifications will be reviewed during the mandatory information sessions that are being held for interested members.

This year, in addition to governance and financial literacy experience, the Board is seeking candidates with experience in risk management oversight and information technology governance. A Director with an accounting designation is also being sought.

The Election Process

Members who possess governance and financial literacy experience with any of the additional competencies indicated above, may be endorsed to stand for election. These candidates will be highlighted on the ballot as being endorsed for election by your Board of Directors. Members who meet the minimum qualifications will not be endorsed but may remain on the ballot if they so wish.

After the Voting Period, the candidates with the four highest voting results will be elected for a three-year term.

Mandatory Information Sessions

Members interested in running for a position on FirstOntario’s Board of Directors MUST register to attend one of the mandatory information sessions being offered below. These information sessions will be held electronically via WebEx.

Information sessions will be held on:

  • Monday, November 7, 2022 at 9:30 a.m.
  • Wednesday, November 9, 2022 at 1:00 p.m.
  • Monday, November 14, 2022 at 9:30 a.m.
 

To attend an information session, please send an email to Elections@FirstOntario.com indicating your full name and which information session you will be attending. Once we receive your email, we will provide you with the details to join the electronic information session.

Please Note: You will need access to a computer, tablet, or smartphone to attend an electronic information session.

Members who attend an electronic information session will receive a Candidate Package, which MUST be completed and submitted along with the required attachments by noon on Monday, December 5, 2022.

 

For questions, please contact us

Elections@FirstOntario.com

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