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Otto Penner

Board of Directors Candidate 2023

This candidate has been endorsed by the Board of Directors.

As a former area manager at General Motors, I gained the knowledge of working with groups of people from varied backgrounds and experiences and practiced an inclusive leadership style. This experience helped me understand Board dynamics and I believe I bring strong people and leadership skills to the Credit Union. I have a keen interest in financial matters and have a working knowledge of establishing and managing budgets. I also have working knowledge and understanding of ISO & ERM processes, due to my work experience related to Quality Risk Management and an understanding of ERM as related to the Credit Union.

What can you specifically contribute to the Board?

I believe in the co-operative philosophy of people helping people. The Credit Union requires knowledgeable, strong Directors to be leaders into the future. Boards have a legal and moral obligation to maintain Director Accountability with a high standards and ethics. My recent focus has been on Seniors’ issues in Niagara, and I have found that more needs to be done. I bring an in-depth senior point of view to the Board since seniors are the fastest growing segment of the population of Niagara and Hamilton regions.

Educational/Professional Designations
  • Bachelor of Science Degree in Management and Economics, (State University of New York) Business Leadership Certificate
  • Board Governance Certificate from Niagara College
  • Chartered Director Designation from McMaster University/DeGroote School of business
Work Experience
  • General Motors St. Catharines management for 42 years
Board and/or Committee Experience
  • Credit Union member since 1963 and a Director since 1981, serving on every Board committee, including the Audit and Enterprise Risk Management Committee, and have been Chair and Vice Chair numerous times
  • As member of the Governance Committee, I participated in achieving significant Board Governance reform resulting in the governance model presently in existence at the Credit Union
  • Chair of the Niagara Falls Senior Advisory Committee and on the Board of the Age Friendly Niagara Council as Vice Chair
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