Thursday, February 13, 2020

UCU is Now Accepting Applications for Nominations to the Board of Directors.

Ukrainian Credit Union Limited’s Nomination Committee is now accepting applications to fill four positions on the Board of Directors. Nomination Packages are available to download at, or pick up at any UCU branch locations. Completed Nomination Packages must be submitted to UCU Head Office no later than 4:30pm on February 21, 2020, to be eligible for consideration.

The Role

The Nomination Committee is looking for qualified candidates who will support the mission and values of the Ukrainian Credit Union. If elected, the potential Director will play a vital role in furthering UCU’s founding principles to provide exceptional member-driven financial services based on integrity and sound stewardship, to support the activities of the Ukrainian community, and to ensure a sustainable future for the credit union.

In addition to general preparations for monthly Board meetings, each Director is expected to join at least one committee which deals with a specific area of responsibility and oversight. The Director should also be prepared for telephone and on-line consultations when required.


UCU is looking to attract Board candidates who possess a combination of skills and attributes with experience in the following areas:
  • Banking operation, including general, commercial lending, or securitization experience
  • IT systems, security, and project management
  • Commercial real-estate management and development
  • Sales and marketing experience
  • Board governance experience, including strategic planning, human resources, legal, or regulatory compliance experience

·         The ideal Director candidate should also possess the following experience and abilities:
  • At least 5 years of experience in a senior leadership role within an organization that operates in a competitive, regulated, and highly policy-driven environment
  • A high level of business acumen
  • Be well versed in financial and general business knowledge with an understanding of corporate governance issues
  • Build productive business relationships
  • Capable of strategic and innovative thinking

·       Term of Office

During the UCU Annual General Meeting, which will be held on April 21, 2020, in Toronto, UCU members will elect four candidates to the Board of Directors for the following terms.
  • Three Directors will each be elected to a 3-year term
  • One Director - who is ordinarily a resident in the City of Hamilton, the Regional Municipality of Halton, the Town of Caledonia, or the Town of Grimsby - will be elected to a 3-year term

·       Time Commitment

Each Director is expected to attend all mandatory Board and Committee meetings and be prepared to discuss the content of information packages and materials during each meeting. The approximate time commitment of each Director is as follows:
  • Monthly Board Meetings: 3-4 hours, including dinner
  • Committee Meetings:  2-3 hours, generally once per month
  • Strategic Planning Session: 1 full day Saturday in June and October
  • Community Engagement: attend 1 community event per quarter

For more information about the nomination process and application deadlines visit the Board Nominations page on our website.

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