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Learn more about OMISTA's Board of Directors

Nominations to join OMISTA’s Board of Directors for 2026 are now closed.
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Board of Directors

Members have the opportunity to participate in the governance of OMISTA by becoming a Director on OMISTA's Board.

As a Director, you’ll help shape OMISTA’s strategic direction and ensure our credit union continues to thrive for the benefit of our members and communities. Your insight and leadership will sustain OMISTA’s legacy of responsible growth and cooperative values for generations to come.

 

Who is Eligible to become a Director?

Who Can Become a Credit Union Director

Directors are elected by OMISTA’s members. Each Director holds office for up to three years and may serve a cumulative maximum of nine consecutive years, as outlined in OMISTA’s By-Laws.

To be eligible, a candidate must:

  • Be a citizen of Canada and 19 years of age or older
  • Be a member of OMISTA Credit Union in good standing
  • Meet the requirements set out in OMISTA’s By-Laws

A Director cannot be:

  • An undischarged bankrupt
  • An employee, or the spouse of an employee, of OMISTA Credit Union, Atlantic Central, or the New Brunswick Credit Union Deposit Insurance Corporation
  • An auditor of the Credit Union or a member of the auditor’s firm
  • A solicitor of the Credit Union
  • A person employed in the civil service whose official duties relate to credit unions
  • A person without the written approval of other Directors who has a loan in arrears (more than three months)
  • A person whose loan with the Credit Union is more than six months in arrears
 

Board Selection

OMISTA Credit Union is a democratic financial institution that operates with the best interests of our owners, community and environment in mind. You could play an integral role in shaping the future direction of this progressive, dynamic, and caring organization.

General Role of a Director

As a director, you help ensure OMISTA is  accountable to customers for all policies and  decisions. A director is also responsible for ensuring sound management of the Credit Union and safeguarding the assets.


Criteria for OMISTA Directors

  • Approving and monitoring OMISTA's mission, vision and Code of Ethics
  • Contributing to the development of OMISTA's strategic direction and approving the strategic plan
  • Ensuring that OMISTA's principal risks are identified and that appropriate systems have been implemented to manage these risks
  • Selecting, evaluating, providing training and development, and setting salary range for the CEO; ensuring the CEO performs to specific standards
  • Monitoring the organization's progress against annual business plans and strategic plans to ensure the effective operation of the organization
  • Approving and monitoring OMISTA’s Mission, Vision, and Code of Ethics
  • Contributing to and approving the strategic plan, including risk oversight
  • Ensuring systems are in place to manage key organizational risks
  • Selecting, evaluating, and supporting the CEO
  • Monitoring progress toward strategic and business objectives
  • Establishing strategic policies and approving budgets
  • Assuring stakeholders of OMISTA’s financial integrity
  • Maintaining confidentiality of Board business and decisions
  • Reviewing and updating Board responsibilities annually
  • Completion of the Credit Union Director Achievement (CUDA) program within first term.
  • Prepare for and attend all meetings (in person or virtually)
  • Monitor the Board portal and email for timely updates
  • Work effectively within a governance body
  • Respect and support collective Board decisions
  • Communicate clearly and professional
  • Ask thoughtful, informed questions
  • Participate actively in meetings
  • Engage electronically when required