Are you passionate about governance, financial services, and making a difference in your community? We invite eligible members to apply for a position on the Luminus Financial Board of Directors. Below, you’ll find all the information you need to understand the role, meet the requirements, and submit your application.
Key Dates
- AGM & Appointment of New Members: April 3, 2025
Why Serve on the Board?
Board Member Perspectives
Curious about what it’s like to serve on the Luminus Financial Board? Hear from current board member Gavin Price:
Question: What do you find most rewarding about serving in this role?
Answer: “Serving on a board of directors can be deeply fulfilling due to the opportunity to influence an organization’s direction, collaborate with talented individuals, and experience personal and professional growth. The role also provides a chance to give back to the community or industry, build valuable relationships, and mentor future leaders. These aspects collectively contribute to a sense of purpose and accomplishment for many board members.”
Being a board member offers unique opportunities for leadership, decision-making, and making a tangible impact on our credit union and its members.
Eligibility & Requirements
Who Can Apply?
To be eligible for nomination, candidates must:
- Be at least 18 years old.
- Be a Luminus Financial member for a minimum of six (6) months by the end of the nomination period.
- Hold the minimum Membership Share requirement.
- Be a Canadian citizen or permanent resident.
- Not have served more than eight (8) consecutive terms on the Board.
- Not be in conflict due to employment or direct competition with Luminus Financial.
- Not be an undischarged bankrupt or financially delinquent with the credit union.
- Not have been convicted of a fraud-related or financial crime in the past five (5) years.
View Full Eligibility & Disqualification Criteria
Board Responsibilities & Expectations
What Does a Director Do?
Luminus Financial Board Members play a crucial role in:
- Overseeing enterprise risk management.
- Establishing corporate objectives and policies.
- Reviewing financial statements and performance indicators.
- Participating in Board meetings, committees, and strategic planning.
Time Commitment
| Meeting Type | Frequency | Duration |
|---|---|---|
| Board Meetings | Monthly | 3 hours |
| Audit Committee | 4 times/year | 2 hours |
| Governance Committee | 6 times/year | 2 hours |
| Nominations Committee | 3 times/year | 1 hour |
| Annual General Meeting | 1 time/year | 2 hours |
| Strategic Planning Session | 1 time/year | 2 days |
Application Process
How to Apply
- Obtain a Nominator – Your nominator must be a Luminus Financial member for at least six (6) months.
- Complete the Online Application Form – Provide your contact information, background details, and statement of interest.
- Upload Required Documents:
- Resume
- Statement of Interest (500-word max)
- Competency Self-Assessment
- Economic Interest Declaration
- Submit the Application by February 24, 2024, at 5:00 p.m. to [email protected].
Selection & Election Process
How Are Candidates Selected?
The Nominations Committee will review applications based on:
- Financial expertise (ability to analyze financial statements)
- Leadership & governance experience
- Strategic planning & risk management knowledge
- Commitment to credit union principles
Election Process
- March 6, 2025 – The Committee finalizes candidate selection.
- April 3, 2025 – New members announced at the AGM.
Note to Members: We had three positions available which have been filled by three nominees which will be acclaimed to the board at our AGM.
Learn More About the Election Process
Frequently Asked Questions (FAQs)
Can I campaign for my nomination?
No, campaigning is not permitted by the Board. Candidate profiles will be presented to the membership by Luminus Financial.
Do I need financial expertise to apply?
While financial literacy is valuable, training is provided to help Directors understand financial statements and governance responsibilities.
How long is a Board term?
Each Director serves a three-year term, with a maximum of eight consecutive terms.
Online Application Form
Contact & Support
For any questions about the nomination process, please reach out to the Nominations Committee at:
📧 Email: [email protected]
