DIRECTOR RECRUITMENT FOR VACANT POSITIONS

WE ARE ACTIVELY SEEKING NEW MEMBERS TO JOIN TALKA’S BOARD OF DIRECTORS. SUBMIT YOUR APPLICATION TODAY.

Interested in becoming a Director and joining the dynamic Board at Talka Credit Union?

Based on the recent amendment to Talka By-Law 5.1 at our Annual General Meeting April 28, 2021, increasing the maximum number of board members to 9 (nine), the Nominations Committee is actively seeking members who are interested in a position on the Board of Directors.

The Board is currently seeking individuals with skills in the following areas:

Investment Management

Human Resources

Accounting/Audit & Compliance

Risk Management

WHY BECOME A DIRECTOR:

Directors can be driven by many reasons including:                                                           

The desire to make a difference in your community.   

The desire to give back to your credit union.       

You are especially qualified/skilled in a specific area that could benefit Talka.

You wish to challenge yourself by learn something new and interesting that adds to your own personal growth.

 ROLE OF TALKA’S BOARD OF DIRECTORS:

Talka is a Member-Owned democratic co-operative organization governed by a Board of Directors.

The Board bears ultimate fiduciary responsibility for Talka Credit Union protecting members’ rights and financial assets and setting the risk appetite for the credit union. The Board’s mandate includes overall responsibility and authority for the strategic direction of the credit union including; leadership, stewardship, corporate governance and policy and performance.

 ROLE OF A DIRECTOR:

Directors have a legal and ethical responsibility to Talka and its members and should have a fundamental understanding of their role and responsibilities. They bring with them a broad understanding of the principles and values of Talka Credit Union along with a demonstrated wide range of knowledge and experience including governance, financial literacy and the ability to actively and constructively participate in all discussions bringing diversity of viewpoint.

 BOARD EFFECTIVENESS:

A solid framework exists in order to ensure that the Board remains effective in its oversight responsibilities and, that it responds swiftly to changes in the industry, regulations and strategic direction.  The process includes identifying key competencies desired in a director followed by regular evaluation to identify opportunities for improvement via ongoing education and development.

BOARD DIVERSITY:

The Board reinforces the importance of having a mix of directors who reflect a diversity of backgrounds and problem solving approaches.

GOVERNANCE STANDARDS:

Talka Credit Union’s governance practices guide how the Board functions, how it makes decisions and how it holds it accountable. The Board measures their governance practices against the governance guidelines of Financial Services Regulatory Authority.

 TIME COMMITMENT:

In order for directors to be effective in their roles, directors should be prepared to attend regularly scheduled Board Meetings, committee meetings, special Board meetings, working group meetings as required, planning sessions and the annual general meeting.

 DIRECTOR COMPENSATION:

Director compensation includes an annual honorarium.

ORIENTATION, TRAINING AND DEVELOPMENT:

Talka relies on the collective knowledge, experience and skill of the Board and its members for its effective governance and success. It is essential that directors have the necessary competency requirements in order to fulfill their oversight responsibilities to Talka and its members.

The Board recognizes the importance of investing in the ongoing education and development of its directors for effective governance.

Directors are required to:

  • Within the first year of becoming a director of Talka develop a basic understanding of Talka CU and each of the Core Competencies. New Directors receive orientation and are mentored by the Chair, or delegate.  They are also required to take the CUDA Level A: Foundations of Governance training program as well as any in-house training programs provided.     
  • Continue to expand their education in the areas listed in (1) above and improve their skills, professional qualifications and experience. Based on this, directors are encouraged to take a minimum of one opportunity (half or full day course) for continuing education each calendar year through formal courses such as those offered through CUDA or other professional business partners. Informal education is also encouraged.

FOR MORE INFORMATION PLEASE CONTACT TALKA CEO RON SMITH.

MEMBERS INTERESTED IN APPLYING CAN REFER TO THE CURRENT

“NEW DIRECTOR APPLICATION FOR VACANT POSITIONS” AVAILABLE AT THE BRANCH, AND IN THE BOARD OF DIRECTORS SECTION OF THE TALKA WEBSITE.

Name
Title
Marijus Gudinskas
Chair
Vidis Vaiciunas
Vice Chair
Lisa Lattanzi
Director
Loretta Stankus
Director & Audit Committee Member
Karolina Zanon
Director & Audit Committee Member
Eric Gocentas
Director & Audit Committee Member
Sylvia Gaidauskas
Director & Corporate Secretary