Borrowing & Investing

Board of Directors

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.

View the Board of Directors → View the 2024 Annual Report →

Seeking forward-looking leaders for our Board of Directors

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.

 
N. Reg Sonnenberg
N. Reg Sonnenberg

Board Chair

Elizabeth Grimmond
Elizabeth Grimmond

Board Vice-Chair

Sandy Brown
Sandy Brown

Chair of Audit and Risk Committee

David Veres
David Veres

Chair of Governance and Human Resources Committee

Grace Pang

Grace Pang

Laurie Ryan-Hill

Laurie Ryan-Hill

Kirbi Simpson

Kirbi Simpson
Rick Tabaka
Rick Tabaka
David-Tsang
David Tsang
2024 PenFinancial Annual Report

 

2024 Annual Report

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.

Download the 2024 PenFinancial Annual Report →

View the Annual Report Archive →