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Important Dates

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Candidate Search Period

Monday, November 4 until noon on Monday, December 2, 2024

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Voting Period

Monday February 3 to Monday, March 3, 2025

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Annual General Meeting

Wednesday, April 23, 2025. Stay tuned for more information.

Board of Directors Elections 2024

For this election, there are four vacancies on the Board. After the Voting Period, the four candidates with the most votes will be elected for a three-year term. Interested members, including previous candidates, are strongly encouraged to run for election.

QUALIFICATIONS

FirstOntario is a successful financial institution with over $6 billion in assets under management. The credit union regulator, the Financial Services Regulatory Authority of Ontario, requires that qualified members with the necessary experience serve on FirstOntario's Board of Directors. To qualify to run for election to FirstOntario's Board of Directors, members must be 18 years of age or older, have been a personal member of Saven Financial for the past three years and have both governance and financial literacy experience. You must also meet the qualification requirements outlined in the Credit Unions and Caisses Populaires Act and FirstOntario's By-laws. All required qualifications will be reviewed during the mandatory information sessions that are being held for interested members.


This year, in addition to governance and financial literacy experience, the Board is seeking candidates with experience in risk management oversight, governance and regulatory environment experience and information technology oversight. A Director with an accounting designation is also being sought.

THE ELECTION PROCESS

Members who possess governance and financial literacy experience with any of the additional competencies indicated above, will be endorsed to stand for election. These candidates will be highlighted on the ballot as being endorsed for election by your Board of Directors. Members who meet the minimum qualifications will not be endorsed but may remain on the ballot if they so wish.

MANDATORY INFORMATION SESSIONS

Members interested in running for a position on FirstOntario's Board of Directors MUST register to attend one of the mandatory information sessions being offered below. These information sessions will be held virtually via WebEx.


Information sessions will be held on:


  • • Monday, November 4, 2024 at 9:30 a.m.

  • • Wednesday, November 6, 2024 at 1:00 p.m.

  • • Wednesday, November 13, 2024 at 9:30 a.m.


To attend an information session, please send an email to Elections@FirstOntario.com indicating your full name and which information session you will be attending. Once we receive your email, we will provide you with the details to join the virtual information session.

Please Note: You will need access to a computer, tablet, or smartphone to attend the virtual information session.

Members who attend an electronic information session will receive a Candidate Package, which MUST be completed and submitted along with the required attachments by noon on Monday, December 2, 2024.

Your vote shapes our future!

Exercise your right and make an impact! Stay informed, discover the candidates, and cast your vote!
Not sure how to vote or need more details? We're here to guide you every step of the way.

 
 
 

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* Saven is a division of FirstOntario Credit Union.

* Banking services not available in Quebec.

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