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Credit Union Governance

Good governance, good credit union

SOLID GOVERNANCE PRACTICES

Guiding principles, shared values, and responsible leadership at Luminus Financial

At Luminus Financial, we consider good governance to be the cornerstone that guides our credit union toward success. Whether it's the Board of Directors or our front-line tellers, we place great emphasis on ensuring effective governance. This commitment is integral to nurturing Luminus Financial, ensuring its prosperity not only as a strong business entity but also as a socially responsible financial cooperative.

The Pillars of Luminus Financial's Governance

Strategic Leadership

Our Board of Directors provides strategic leadership, envisioning the future of Luminus Financial. Their decisions guide the credit union toward sustained success and relevance in a dynamic financial landscape.

Financial Viability

Good governance is the guardian of our financial viability. It ensures that we remain a robust and adaptive business, capable of providing enduring value to our members while safeguarding the economic well-being of the credit union.

Member-Centric Approach

Our credit union revolves around our members. Their interests and values are integral to our decision-making. This member-centric approach defines our service and engagement strategies.

Employee Engagement and Well-Being

Luminus Financial recognizes the importance of our employees in achieving our goals. That means fostering a working environment that supports their well-being and encourages their professional growth.

Stakeholder Collaboration

External stakeholders are essential partners in our journey. Engaging effectively with our external stakeholders ensures that we collaborate meaningfully, considering the interests and perspectives of those beyond our immediate community.

Responsibility to Society and Environment

We take seriously our role as a responsible financial cooperative. Governance at Luminus Financial means integrating social and environmental considerations into our decisions, ensuring that we contribute positively to the broader community and the planet.
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Your role in our credit union’s governance.

Members actively guide our credit union by attending AGMs, participating in Director elections, serving on committees, providing feedback, and engaging in forums. Advocating for change and supporting community initiatives are ways members shape our cooperative and ensure member-focused governance.

Our Code of Conduct

As a member-owned credit union, we are committed to transparency in all operations. That is why we are proud to adhere to the following codes of conduct:

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