Members of The Board of Directors

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**Recruitment posting**:
**Credit Union Deposit Guarantee Corporation**:
**Competition #**:800
**Ministry**: Treasury Board and Finance
**Opening Date**: 2024/01/02
**closing Date**: 2024/01/15
**Role : Members of Board of Directors**It is recognized in Alberta as a fundamental principle and as a matter of public policy that all persons are equal. Diversity and inclusion are valued and supported on the boards of Alberta's public agencies.

**Role Required**

**Location**
- CUDGC is located in Edmonton, Alberta. Board meetings are primarily held in Edmonton but also across the province.

**About the Agency**

CUDGC is a provincial corporation established under the _Alberta Credit Union Act_, with the mandate of providing risk-based regulatory oversight, and a deposit guarantee to enable a safe and sound credit union system in Alberta.

CUDGC’s primary role is to:

- provide a 100 per cent guarantee of deposits held with Alberta credit unions;
- regulate credit unions and enforce the Act;
- review, advise, and direct credit unions on sound business practices;
- monitor credit union performance and, where necessary, implement appropriate actions to improve performance and reduce risks; and
- adjudicate loans of individual credit unions where they exceed specified limits.

**Role Description**

CUDGC's Board is responsible for the governance of CUDGC and overseeing the management of CUDGC’s business and affairs. Most CUDGC Board functions are carried out by two Board committees - Governance and Human Resources, and Audit and Finance.

Board member appointments are made by Order in Council, for a fixed term of up to three years.

**Skills and Experience Required**

Applicants will have:

- previous board experience,
- a strong understanding of the financial services industry,
- well developed communication and interpersonal skills, and
- a high level of financial literacy.

There is also a preference for applicants with experience in information technology, an understanding of the composition and governance of cooperatives, and who reflect the geographic and diverse culture of Alberta.

The Alberta Government is committed to supporting diversity and inclusion on Alberta’s agencies, boards, and commissions. Qualified individuals from all backgrounds, who embody a wide range of knowledge, skills, and expertise, are encouraged to apply.

**Remuneration and Time Commitment**

Board members are paid honoraria as prescribed by the Lieutenant Governor in Schedule 1, Part A of the Committee Remuneration Order (OC 466/2007) effective April 1, 2009 at two times the rate.

**Honoraria**

**Director rate (includes vice-chair)**

**Chair/committee chair rate**
- Up to four hours inclusive
- $358
- $438
- More than four hours and up to eight hours inclusive
- $580
- $766
- More than eight hours
- $854
- $1,202

Travel and living expenses are paid in accordance with the Treasury Board Directive No. 05/2020 Travel, Meal and Hospitality Expenses Directive.

Time commitment is less than 75 hours annually for regularly scheduled meetings plus travel time and preparation time.

The CUDGC Board and its two Board committees meet an average of four to seven times per year unless additional meetings are necessary to address material developments. Board members also serve as committee members.

Meetings are primarily held in Edmonton but also across the province.

**Position Profile**

Please see the attached Position Profile for more information on this opportunity and a detailed list of responsibilities

**Additional Documentation**

The posting may be used to fill current and future public agency vacancies.

In addition to your cover letter and resume, we require a biography. Click HERE to download the biography form.

**Contact Information**

For additional information on this opportunity, please contact:
Executive Search, Public Service Commission

Phone: 780 408-8460

**How To Apply**

Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertis