Board of Directors Election

Upcoming Elections

Each year we invite members interested in making a personal difference at FirstOntario to run for election to our Board of Directors.

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, you must be 18 years of age or older, have been a personal member of FirstOntario 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. 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 specifically looking for candidates with competencies in information technology and risk management oversight. A future Director with an accounting designation is also being sought.

The Election Process

Members who possess governance and financial literacy experience with either 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 recommended 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.

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 Wednesday, December 1, 2021.