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Board of Directors Election 2020

Thank you for participating in the 2020 Board of Director Election.  Results will be announced soon. Due to precautions being taken in response to COVID-19, our AGM originally scheduled for April 22, 2020 has been postponed. We will update you with more information as it becomes available. 

Board of Directors Knowledge and Expertise

Although all competencies are valuable, through the 2020 Board of Director's election, we were looking to further strengthen our existing Board expertise in the following areas: 

Audit & Financial Management — Current experience including: reading and interpreting corporate financial statements, understanding the relationship between financial performance and strategic plans and the ability to identify/describe organizational risks and controls. The Board is looking for at least one Director to have a CPA Designation.

Information Technology — Current experience including: oversight of management of information technology systems for a corporate enterprise including an understanding of the requirement, strategy, risk and regulatory issues surrounding information management as they pertain to a financial institution.

Capital Markets/Treasury — Current experience including: understanding liquidity management, interest rate risk management, foreign currency risk, asset liability management and derivative and capital markets as they pertain to a financial institution, and supported by relevant courses and/or designations.

Candidate Recommendation

Coastal Community Credit Union's Nominating Committee interviewed all candidates. Candidates were assessed on all areas of expertise, including those identified above. The interview's purpose is to identify and recommend candidates that we believe understand the importance of good governance and will help Coastal Community achieve its vision.


Our Board of Directors make a difference

The Board of Directors help guide your credit union by establishing corporate goals, approving major financial decisions and allocating resources where they are needed most. 

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