Board and Elections
ELIGIBILITY FOR ELECTION AS A DIRECTOR
4.8 Any person who has been a member of the Credit Union under Article 2.1 for at least one year before standing for election to the Board of Directors.
4.9 The following persons are disqualified from being a director of the Credit Union:
(a) anyone who is less than nineteen years of age;
(b) anyone who is not an individual;
(c) anyone who is not a member of the Credit Union;
(d) a person who has the status of a bankrupt;
(e) an employee of the Credit Union, Atlantic Central, the Corporation or the Commission;
(f) an auditor of the Credit Union or a member of the firm of accountants of which the auditor is a member;
(g) a solicitor of the Credit Union;
(h) a person employed in the Civil Service whose official duties are concerned with the affairs of Credit Unions;
(i) without the written approval of the other Directors, a person, or the spouse of the person, who has a loan with the Credit Union that is more than three months in arrears;
(j) a person, or the spouse of the person, who has a loan with the Credit Union that is more than six months in arrears;
(k) a person who is a member of the immediate family of an employee. Immediate family shall mean: children, parents, grandparents, grandchildren, siblings and spouses and partners.
(l) a former employee or a person who is a member of the immediate family of a former employee who was employed by the Credit Union in the three years preceding an Annual General or Special Meeting.
(m) any member, who after completing one three year term on the Credit Union Board, has not successfully completed Level A and B of the CUDA/CUSource Board of Director training or its successor education program unless the director applies to the Board, in writing requesting an extension of time within which to complete the said courses. The request must be received by the Board at least forty-five (45) days prior to an upcoming Annual General Meeting. The total of all requests for extensions shall not exceed three (3) years.
(n) a person who is an employee or board member of a bank, a mortgage broker, a mortgage company (excluding LSM) or a credit union which does business in Bayview Credit Union’s trade area.
(o) a person who is not a resident of New Brunswick.
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Bayview By-Laws May 2021
4.8 Any person who has been a member of the Credit Union under Article 2.1 for at least one year before standing for election to the Board of Directors.
4.9 The following persons are disqualified from being a director of the Credit Union:
(a) anyone who is less than nineteen years of age;
(b) anyone who is not an individual;
(c) anyone who is not a member of the Credit Union;
(d) a person who has the status of a bankrupt;
(e) an employee of the Credit Union, Atlantic Central, the Corporation or the Commission;
(f) an auditor of the Credit Union or a member of the firm of accountants of which the auditor is a member;
(g) a solicitor of the Credit Union;
(h) a person employed in the Civil Service whose official duties are concerned with the affairs of Credit Unions;
(i) without the written approval of the other Directors, a person, or the spouse of the person, who has a loan with the Credit Union that is more than three months in arrears;
(j) a person, or the spouse of the person, who has a loan with the Credit Union that is more than six months in arrears;
(k) a person who is a member of the immediate family of an employee. Immediate family shall mean: children, parents, grandparents, grandchildren, siblings and spouses and partners.
(l) a former employee or a person who is a member of the immediate family of a former employee who was employed by the Credit Union in the three years preceding an Annual General or Special Meeting.
(m) any member, who after completing one three year term on the Credit Union Board, has not successfully completed Level A and B of the CUDA/CUSource Board of Director training or its successor education program unless the director applies to the Board, in writing requesting an extension of time within which to complete the said courses. The request must be received by the Board at least forty-five (45) days prior to an upcoming Annual General Meeting. The total of all requests for extensions shall not exceed three (3) years.
(n) a person who is an employee or board member of a bank, a mortgage broker, a mortgage company (excluding LSM) or a credit union which does business in Bayview Credit Union’s trade area.
(o) a person who is not a resident of New Brunswick.
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Bayview By-Laws May 2021
