Becoming a PSCU member is a good investment

Credit Union owners are both customer and owner. As a customer, you receive the services you want and as an owner you enjoy a return on your share investment in the form of competitive rates, value costs for premium services, and local control of your own financial institution.

Belonging to a credit union means that you are more than a customer - you are an owner - and as an owner you get to influence the progress of your business. There is a voluntary Board of Directors that you elect with your right to vote at the Annual General Meeting. All decisions are made locally, by people who live in and understand your local community. As neighbours, living and working in the same community, Public Service Credit Union offers all the financial services you require with a big difference - pride in knowing all monies stay here in our own communities working for your own economic benefit. You'll enjoy a flexible approach to business and responsiveness to local concerns. All things being equal, why would you not choose a financial institution where the very ownership structure is designed to focus on, and is sensitive to, your needs?

Public Service Credit Union is uniquely positioned to support community development through:

• Loans to owners and small businesses

• Investment to community projects

• Sponsorship of community activities and events

• Public education programs to foster personal financial well-being

• School and Community Involvement

• Employees active in the community as members of church groups, service organizations, charitable organizations, and numerous other activities

The ability of credit unions to return benefits to their owners and their communities is in direct proportion to the support they receive from owners in the community. Making Public Service Credit Union your primary financial services provider means higher levels of service and greater benefits and rewards to both owners and the community. We see ourselves becoming part of every family in our province by establishing a relationship of trust with dependable, complete service for every financial need. Credit unions are part of a strong regional, national and international network of credit unions.

Public Service Credit Union; is a democratic financial institution that operates with the best interests of our owners, community and environment in mind. You could play an integral role in shaping the future direction of this progressive, dynamic, and caring organization.

As per the Credit Union Act 2009, a person who is a citizen of Canada, is age of majority (19 in Newfoundland), a member of the Credit Union and who satisfies the requirements set out in the by-laws of the Credit Union may be a director, unless he or she:

1. is an undischarged bankrupt person;

2. is an employee of a Credit Union or the Credit Union Deposit Guarantee Corporation;

3. is not bondable;

4. is an auditor, or a member of the auditor’s firm of that Credit Union;

5. is a parent, child, grandchild, spouse, brother or sister or in-law of an employee of the Credit Union, not necessarily living in the same residence of that employee;

6. is the solicitor of that Credit Union;

7. is a representative of a bargaining agent for the employees of that Credit Union; or

8. is a public employee whose official duties are concerned with the affairs of the Credit Union

As per By-law 13.10, in addition to the director eligibility criteria set out in the Act, a person must meet the following criteria:

1. must not have been bankrupt in the past three (3) years;

2. must not have been an employee of the Credit Union in the past three (3) years;

3. in addition to Sections 70(d),(e),(f) and (h) of the Act, must not have been an individual in any of those described positions in the past two years;

4. must not have been an employee of the bargaining agent for the employees of the Credit Union or a member of the Board of Directors of the bargaining agent in the past year;

5. must not have a loan in arrears with the Credit Union and must have a satisfactory credit bureau report;

6. must not have been involved in a controlling ownership capacity with any company or organization that caused losses to the Credit Union through write-offs, collection costs and/or legal costs;

7. must not be a board member of any other financial organization outside the Credit Union system except as approved by the Board;

8. must attend Board and Committee meetings as per Board policy;

9. must attend training as per Board policy; and

10. must have been a member for 12 months or more prior to the call for nominations to the Board of Directors.
    
    **See the Nomination Application for full details.

Who may vote? Every owner who is 19 years of age and in good standing* is entitled to one vote. *Share balance of not less than $100.00, the first name on the account or have full owner status as of the date of the Annual General Meeting. The Credit Union Act does not allow owners to vote more than once per question or to vote by proxy.

Introduction to Application and Nomination Form

Are You Eligible to be a Director?

Time Commitments

Director Responsibilities and Expectations

Nomination Forms and Information

• Nomination Application - Download and Email to nominations@pscu.ca (available December 11, 2025 to January 8, 2026)

• Nomination Application - Online Application (available December 11, 2025 to January 8, 2026)

• Bond Application (only to be completed upon election)

Election Procedure

Other

• Seven Co-operative Principles

• Remuneration Policy

• Training Policy

• Travel Policy

• Code of Corporate Ethics & Business Conduct for Directors

• PSCU-By Laws

• Credit Union Act

• Provincial Regulations