Every five years, Casera’s Board of Directors initiates a review of the credit union’s By-laws to remove any outdated provisions, make changes that align them to sound governance and current industry practices, and ensure that they comply with The Credit Unions and Caisse Populaires Act. The latest evaluation was undertaken in late 2017 with the assistance of legal counsel and completed in early 2018.

As a result of this review, some proposed amendments to the By-laws were presented for approval by Casera’s membership in a special resolution at the Annual General Meeting (AGM) on April 17th.

The changes focus on revising the qualifications of Directors to include a minimum competencies requirement, expanding the methods of voting, amending the nomination process, selection and campaigning of Directors, and broadening the method of providing notice for meetings.

The new By-laws document has also been improved — it is now presented in a more simplified format, which makes it easier to reference. The restated By-laws are available at your neighbourhood branch and online at www.caseracu.ca.

Best Regards,

Brent Thomas

Chief Executive Officer