CONTACT CENTRE
Our truly local representatives are here to serve you:
1-866-866-6641
CONTACT CENTRE
Our truly local representatives are here to serve you:
1-866-866-6641
The PenFinancial Credit Union Board of Directors is a group of elected Members representing our Members on a strategic level. They represent different life stages, professional experience, social backgrounds, and communities.
The Board is responsible for the leadership of the credit union and setting the overall direction of PenFinancial. The Board sets policy and provides oversight of the credit union by reviewing and monitoring results, working closely with the CEO and management, and ensuring ongoing compliance with our regulators. The Board provides overall strategic direction to improve and enhance the short and long term stability of PenFinancial and ensure future sustainability.
PenFinancial Credit Union is currently seeking qualified individuals to join our Board of Directors. As a Board member, you’ll help set our strategic direction while advancing our purpose of improving lives and strengthening communities.
Ideal candidates share our passion for community and embrace our values-based banking approach while bringing diverse professional expertise and fresh perspectives to the table. This is your opportunity to apply your leadership skills in a meaningful way to create lasting community impact.
Formal nominations open in December; however, we welcome expressions of interest throughout the year. Board vacancies are determined by expiring terms and announced each November, with successful candidates introduced at our Annual General Meeting in April.
Board Directors for a financial institution should have previous executive/senior management experience in a business or not-for-profit setting of equitable size; including leveraging information technology as an integral business enabler. The Board is expected to oversee and approve the Credit Union’s short-term and long-term strategy, significant strategic initiatives, plans related to capital and liquidity management, mandates for key oversight functions, governing policies, and risk management. The Board is also responsible for the appointment, setting of performance objectives, compensation, incentives, and succession plans for the Credit Union’s CEO. Directors should have a solid knowledge of governance in a corporate setting, economics, and monetary dynamics.
We’re looking for candidates who:
Take the first step toward this rewarding leadership opportunity by contacting our Board Nominations Committee at Board@PenFinancial.com.
Board Chair
Board Vice-Chair
Chair of Audit and Risk Committee
Chair of Governance and Human Resources Committee
In 2024, the Canadian credit union industry navigated a unique mix of opportunities and challenges, influenced by global economic shifts, regulatory changes, and fast-paced tech advancements. With interest rates squeezing margins, credit unions explored new revenue streams and cost-saving measures to meet the evolving needs of members, staff, and regulators. At PenFinancial, we faced our own unique challenges, regrouping after the Board ended merger talks early in the year. Download the report to read more about how our passion, commitment, and community spirit are dedicated to improving lives and strengthening communities.