AGM

We're hosting our 2021 Annual General Meeting of Members.


Advance Savings' 2021 Annual General Meeting will be held on April 27, 2021.

Location:   Legends Event Venue - Moncton Coliseum, Entrance C, 337 Killam Dr., Moncton, NB
Time: 6:00 PM - Registration / 6:30 PM - Meeting

Mandatory public health measures must remain in place such as physical distancing. Wearing a community mask is required. Due to COVID-19 protocols, refreshments and snacks will not be served.

Need help finding the venue? The entrance to the Legends Event Venue is located at Entrance C, a rear entrance to the Moncton Coliseum. Parking for this entrance is also located to the rear of the Moncton Coliseum.  

Click here for Google Map directions or click here for a printable map of the entrance and parking lot.  

Review the Proposed Amendments to our By-Laws Expand/Collapse

Advance Savings' bylaws are the governing rules by which our Credit Union operates.

Join our Board of Directors Expand/Collapse

Nominations are being accepted for the Advance Savings Credit Union Board of Directors. Elections will be held at the Annual General Meeting. The deadline for nominations is April 16, 2021. All inquires can be sent by email to the attention of the nomination committee at boardnominations@advancesavings.ca.

General Qualifications
 
Under the Credit Unions Act and Advance Savings Credit Union Bylaws, anyone who is a member of Advance Savings Credit Union is eligible to be nominated to the board of directors. However, there are certain restrictions on eligibility for election to the Board, for example:
  • Anyone who is less than nineteen years of age;
  • Anyone who is not an individual;
  • Anyone who is not a member of the Credit Union;
  • A person who has the status of a  bankrupt;
  • An employee of the Credit Union, Atlantic Central, the New Brunswick Deposit Insurance Corporation or the Financial and Consumer Services Commission.
  • An auditor of the Credit Union or a member of the firm of accountants of which the auditor is a member;
  • A solicitor of the Credit Union;
  • A person employed in the civil service whose official duties are concerned with the affairs of credit unions;
  • Without the written approval of the other directors, a person, or the spouse of a person, who has a loan with the Credit Union that is more than three months in arrears;
  • A person, or the spouse of a person, who has a loan with the Credit Union that is more than six months in arrears.
  • A person who is 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 the Annual General Meeting.

Qualifications Set By the Board
 
1. The Board has adopted a policy governance model and will govern with an emphasis on:
  • Encouragement of diversity of viewpoints.
  • Strategic leadership.
  • Clear distinction of Board and Chief Executive Officer roles.
  • Collective rather than individual decisions.
  • Being proactive rather than reactive.

2. If you have been an Advance Savings Credit Union member, preferably for a minimum of three (3) years, or have served on one of our committees, your expertise could be put to good use on the Board of Directors. The board has instructed its nomination committee to seek qualified candidates whom it has further described as: 
  • Credit Union members.
  • Willing to undertake training in the way credit unions in general, and Advance Savings Credit Union in particular, operate.
  • Prepared to read and study board level information and studies.
  • Team Players.
  • It is important to note that committees are formed during the year in order to spearhead special projects. The board of Advance Savings Credit Union has formed an audit committee, a nomination committee and other ad hoc committees when required.
Directors are elected for up to a three (3) year term and it is policy that no board member shall miss more than two board or committee meetings annually.

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