Notice of Annual General Meeting
Please take notice that the Annual General Meeting will be held on Tuesday, April 8, 2025.
TIME: Registration begins at 6:30pm, meeting begins at 7:00pm
PLACE: Bryston's On The Park, 5 Creighton Rd, Copper Cliff, ON
The purpose of the meeting is:
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To receive the audited financial statements, the report of the auditor and the report of the audit committee;
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To appoint the external auditor;
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To amend By-Law No. 1 to change director term limits from 18 years to 12 years;
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To announce the results of director elections;
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To transact such other business that may properly come before the meeting.
Member Voting
This year we had four (4) director vacancies on the Board of Directors. As at the time of the nomination deadline, we had received four (4) nominations. Therefore, the vacancies are filled by acclamation and voting is not required. Returning directors are Jamie Conroy and Grace Navarro; who will be joined by new directors Angie Gaudette and Brandon Martel.
Members will vote on the proposed by-law change. Voting will take place at the Annual General Meeting.
Proposed By-Law Change
The paragraphs between the conclusion of section 5.04(b) and the commencement of Section 5.05 in By-Law No. 1 of the Credit Union, which should have been numbered as section 5.05 thereof, be hereby deleted, the following be inserted in its place as section 5.05 thereof, and the remaining sections of Article 5 be renumbered accordingly:
Director Election Procedure
5.05 The Board shall pass and maintain in force at all times a Director Election Procedure that complies with the Act and these By-laws, prescribes the Credit Union’s nomination process, and contains Director eligibility standards that supplement the qualifications and disqualifications prescribed in the Act.
At a minimum, the Director Election Procedure shall:
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prohibit the nominating committee from naming a Nominee who:
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is not a Member In Good Standing; and
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has completed a period of eighteen (18) consecutive years of service if the potential candidate is a Director as of the date this bylaw amendment is confirmed by the membership, and otherwise a period of twelve (12) consecutive years of service (the “Term Limit”), as a Director less than one year before the meeting at which the person will be a candidate for election as a Director;
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deem, for the purposes of paragraph i.b. above, a Director who resigns in the final year of the Director’s current term as if the Director had completed that term;
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prescribe the form and content of the applications to be submitted by Members seeking nominations; and
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prescribe the process by which submitted applications will be reviewed by the nominating committee.
Documents
Copies of the financial statements and the reports of the audit committee and the auditor shall be available at the meeting and at the offices of the Credit Union ten days before the meeting.
FAQs
Who can vote?
Every member, as of record date February 27, 2025, holding minimum membership shares and aged 16 and over, is entitled to have a say in the future of the Credit Union.
What will I vote on?
Members will vote on the proposed by-law change.
When will voting occur?
Voting will take place at the AGM on Tuesday April 8, 2025, at Bryston’s On The Park, 5 Creighton Rd, Copper Cliff, ON.
Who is eligible to attend the AGM?
All Sudbury Credit Union members are welcome to attend the AGM.
Connect with us
We’re Sudbury’s credit union. We began here in Copper Cliff in 1951 and we’re still here, only now we’re all over Greater Sudbury. Founded on the principle of people helping people, we’re community minded, just like you.
Sudbury Credit Union
