Credit Union Deposit Guarantee Corporation - Call for Nominations

Credit Union Deposit Guarantee Corporation (the Corporation) is the deposit guarantor and primary regulator for Saskatchewan provincially regulated credit unions and SaskCentral (together, Provincially Regulated Financial Institutions or PRFIs). The Corporation instills confidence in the province’s credit union system with a mandate of:

• guaranteeing the repayment of deposits in Saskatchewan credit unions
• establishing regulatory standards and ensuring PRFIs are performing to those standards
• promoting responsible governance by PRFIs, and contributing to the strength and stability of the credit union system
• directing PRFIs to take action on material deficiencies, and any issue that may put depositors’ funds at risk
• maintaining and managing a guarantee fund in a sound and prudent manner

The selection committee is now seeking candidates for the Corporation’s board of directors. The board is responsible for the governance of the Corporation and is responsible for providing oversight, strategic direction, planning and vision, and developing and implementing corporate policy.

The committee will assess the candidates against the competency-based needs of the board. Board members are selected based on the particular skill set/expertise currently needed to support the board. By implementing a competency-based approach, the Corporation is able to make effective use of intellectual capital in the decision-making processes.

Qualifications
The ideal candidate will meet the competencies identified by the board and have a combination of diverse skills, knowledge, experience, education and personal attributes.

A candidate may only apply one year after they are no longer employed by the Saskatchewan provincial government, a credit union, or SaskCentral.

The committee is seeking candidates who possess a combination of the following attributes:

Industry/Technical

• Knowledge of credit unions and co-operatives
• Financial industry knowledge
• Financial literacy/financial acumen
• Governance and ethics
• Risk management
• Strategic planning/thinking
• Regulatory roles and legislation
• Human resources
• Information technology
• Audit function
• Investment oversight
• Legal background in a relevant field

Function/Dynamics

• Active participation
• Open minded
• Flexibility - adaptability to change
• Teamwork and partnering
• Knowledge of governance and board/role
• Commitment to "speak with one voice"
• Committment to CUDGC values and ethics
• Trust and relationship building
• Consensus building/reasoned debate
• Ability to effectively work/connect with management
• Public relations/speaking
• Change management

Personal Attributes

• Integrity/ethics
• Ability to commit time required
• Commitment to learning and development
• Ability to engage in healthy dialogue
• Leadership
• Initiative
• Values fit

Two positions on the board (three-year terms) are required to be filled at this time. Knowledge of credit unions or co-operatives, financial industry or regulatory roles and responsibilities would be an asset. Preference is given to current or former residents of Saskatchewan.

The Corporation believes in the benefits of a board that consists of diversity and inclusiveness. The unique skills and experience each individual brings are considered valuable. Diversity of board composition is a consideration.

To learn more about the Corporation or to apply as a candidate, please refer to our website https://www.cudgc.sk.ca.

Please submit a resume and cover letter to be screened for our initial criteria by Wednesday, Sept. 25, 2024. If qualified, you will receive a candidate package. Only those passing the initial criteria will be contacted. Please submit the completed candidate package by end of day on Oct. 4, 2024.
A complete package consists of the following:

• Conflict of Interest Disclosure Statement
• Director Candidate Guide

For any questions regarding the Corporation’s board or the application process, please email:
Deanna Bergbusch, Vice-President, Corporate Operations at deanna.bergbusch@cudgc.sk.ca or
Brent Schellenberg, CEO at brent.schellenberg@cudgc.sk.ca.

Only those selected for interviews will be contacted directly. We thank all applicants for their interest.