- ABOUT
- AGM & Voting
As a member of Northern Credit Union, you have a say in how we grow as a business and what we do with your money. Your voice helps us to keep our roots local and make genuine change to the people and communities we serve. You’re more than a member. You’re an owner with a voice. That’s the credit union difference.
You’re an owner
Your $25.00 membership investment means you have an ownership stake in Northern Credit Union. That means you have a say in how we do business.
Your voice matters
You have the right to vote for our Board of Directors, which gives you a voice in the future of our credit union.
Keep it local
Your role, as an owner, helps to keep decisions local and based on local realities. We are committed to keeping your money local – investing in the same local businesses, programs and people that matter to you.
That’s the difference
Unlike the big banks, our shareholders are our members. We don’t need to choose between making our members or our shareholders happy, because they are the same. That’s the Cooperative advantage.
Why attend?
Stay Informed
You deserve to stay informed about Northern’s performance, operations, and strategic direction.
Stay Connected
Engage with Northern’s community of fellow members and employees of all levels.
Frequently asked questions
Why is there no Board of Directors vote?
This year, there were six Board of Directors nominees and six available positions. All candidates met the eligibility criteria to be acclaimed to the Board.
Why is there no by-law vote?
There are no by-law amendments to vote on.
Who can attend the Annual General Meeting?
All members in good standing, who registered before the deadline, will be provided with a personalized Zoom invitation by email to join the virtual AGM.
Meeting Protocols
Registration Details
Joining the Meeting
Meeting Structure
Question Period
Registration details
- Only members in good standing, who have registered in advance of the AGM, will be provided with a personalized Zoom Invitation (by email) to join the Virtual AGM.
- Registration is to be completed through Northern’s website which will be available from March 1, 2024, through April 10, 2024.
- The deadline for registration is Wednesday, April 10th at 11:59pm.
- The Zoom invitation cannot be shared with anyone. Additional members wishing to attend the meeting are asked to complete the registration process. A personalized link will be forwarded to them individually.
- Members are encouraged to download the Zoom app in advance of the actual meeting date.
Joining the meeting.
- Members are encouraged to join up to 30 minutes (2:30 pm to 3:00 pm) before the meeting is called to order.
- Attendees who have joined the meeting will be placed in a “Waiting Room” on mute until the meeting is called to order at 3:00 PM promptly.
- The meeting will be hosted by a designated moderator.
- During the meeting, attendees will be in a listen-only mode. This will eliminate any distractions.
Meeting structure
- Slides will be presented during the meeting. The slides will display key information including motions that require voting.
- There will be no motions put forward from the floor.
- Only eligible members can vote on motions presented during the meeting.
- When a motion is put forth to be passed, a mover and seconder from the registration list will be selected in advance.
- Motions will be tabled for the ‘call to vote’ through the poll feature within the Zoom event, all attendees will select, through the polling feature, whether they approve or are opposed.
- The Moderator will display and announce the results immediately following the poll.
Question period
- Members are welcome to raise any questions they may have in advance of the AGM.
- Email questions to vicki.caicco@northerncu.com
- In addition, there will be a Question and Answer period, during the meeting, as noted on the Agenda. If you wish to ask a question, go to the Q&A feature
- Identify yourself by name and branch
- Submit the question
- The moderator will then direct this information to the Chair of the Board who will direct the question to the appropriate person. If multiple questions are the same, there will only be one answer provided in the response.
- Any questions not addressed during the designated question period will be reviewed and answered after the meeting.
2024 annual general meeting
As an owner of our business, you deserve to hear about the progress we made in 2023 and the goals we have set for the future. The AGM is a valuable time to hear from the CEO and Board of Directors about the successes and direction of Northern. Each of you made an impact to this organization in 2023, so let’s celebrate together!
Download the 2023 Annual Report
Download the Audited Financial Report
Frequently asked questions
What does one member one vote mean?
Members are actually owners of Northern Credit Union. All members have an equal say in how the credit union operates by voting in directors to Northern’s Board of Directors and on any proposed by-law amendments. It does not matter how much, or how little, they have in their account. This is what makes a credit union different from a bank or other financial institution. Every member, over the age of 18, with a fully funded share account of $25 is entitled to have a greater say in the future of the credit union. Northern Credit Union conducts this voting electronically in advance of the Annual General Meeting. The results are announced at this meeting.
Why would a member want to vote?
This is what makes a credit union different. At Northern, we are not controlled by a small group of shareholders that make decisions in the interests of a few. At Northern, we make decisions in the best interests of all our members and what a better way to do that, but to let our members have their say!
How do members vote?
Members can vote online through this page. Here, members can get all the information about what they'll be voting on in the election. Once they have carefully read the information, they can click the voting link to have their voice heard and cast their vote electronically.
Who is eligible to vote?
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All Northern members, in good standing, over the age of 18
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Members must have a fully funded, $25.00 member share
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A business, corporation or partnership, is required to appoint an individual to vote on their behalf.
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If the appointed proxy is also a Member (personal member), they may vote on their own behalf as well as for the business, corporation or partnership they represent.
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Additional eligibility requirements may apply based on membership types.
Can a member have more than one vote?
Yes, a member can vote as a personal member and as a proxy for a business.
Please note: A sole-proprietor is not considered a separate legal entity from a personal member. Therefore, if the member is a personal member and runs a business, as a sole proprietor, they are only legally entitled to one vote.
Do commercial members have different voting rules?
No. Commercial members are still only entitled to one vote.
Incorporated commercial accounts are required to appoint a proxy to vote on behalf of the organization. They can do that by downloading the proxy form located on the website and sending it in to Vicki Caicco prior to March 1st. If the proxy form is not received, the member will not be entitled to vote in this election.
What about sole proprietors, can they vote on behalf of the company and the person?
No. Members are only entitled to one vote. Since the person and the business are considered the same legal entity, they will only be eligible to vote one time.
What if members have other forms of shares like, loyalty shares and class b shares, are they entitled to additional votes?
No matter how much, or little, you have with Northern, every credit union member has equal ownership and the opportunity to benefit from all the advantages of being a TRUE “NORTH” OWNER. Therefore, when voting in the election every member is entitled to one vote.
What if members have joint accounts?
Members, who have joint account holdings are each eligible for one vote. Each member will be required to sign into the voting portal with his or her individual member number and password.
Note: Each member must have a fully funded share account to be eligible to vote.
What do members require to vote?
- Members can vote by:
Following the link to the secure voting platform which will be found on this page. - In order to access the voting platform, each member will require their member number and their date of birth (dd/mm/yyyy)
- Please note – every member has their own unique member number (it is not determined by joint accounts)
- If they do not know their member number, members can refer to their bank statement, online banking profile, branch or call the True North Hub at 1-866-413-7071 (the member number starts with 7)
What will members be voting on?
By-Law Amendments
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