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Call for Nominations to the Board of Directors

Nominations are open for members seeking election to the new Servus Credit Union Board of Directors (to be created November 1, 2006 through the amalgamation of Capital City Savings, Servus Credit Union and SAFECU Credit Union). All eligible members of Capital City Savings, Servus Credit Union and SAFECU Credit Union may be nominated.

Qualified candidates are sought to fill four vacancies on the Board of Directors. Successful candidates will be announced at the Annual General Meeting on March 7, 2007.

To obtain more information and nomination forms, please call Rosemina Gangji at 496-2004, 1-877-496-2151 or [email protected].

Close of Nominations

4:30 p.m., December 1, 2006

In-Branch Voting

February 3 to 16, 2007

Annual General Meeting

7:00 p.m., March 7, 2007
The Francis Winspear Centre for Music
#4 Sir Winston Churchill Square
Edmonton, AB


The Opportunity to Make a Significant Contribution

The core function of the Board of Directors is to direct the affairs of the credit union. The Board is guided by the Credit Union Act and Regulations and the credit union’s bylaws and policies. This commitment ensures that the credit union’s objectives are effectively achieved.

Qualifications of Directors

Directors must comply with all qualifications as defined by the Credit Union Act and Regulations and the new Servus Credit Union bylaws. These qualifications include that a Director of Servus Credit Union must:

  • Be a member of the credit union who is at least 18 years of age.
  • Be a member of one of the amalgamated credit unions (Capital City Savings, Servus Credit Union or SAFECU Credit Union) on October 1 of the year immediately prior to becoming a Director.
  • Not be employed by or is a Director of a competing financial institution.
  • Not have a loan from any credit union in respect of which the repayment of principal or interest is in arrears for 60 days.
  • Not have the status of a bankrupt.
  • Be eligible for bonding.

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