Competition #: 841
Ministry: Treasury Board and Finance
Closing Date: 2025/02/27
Role: Members of Board of Directors
Role Required
The President of Treasury Board and Minister of Finance is seeking applications from individuals interested in serving as a member for the Board of Directors of the Credit Union Deposit Guarantee Corporation (CUDGC). CUDGC is in Edmonton, Alberta. Board meetings are primarily held in Edmonton but also across the province.
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.
For further information about CUDGC, including its Annual Report and Mandate and Roles document, please visit their website at www.cudgc.ab.ca
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.
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 law and understanding of the composition and governance of cooperatives.
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.
For more details on eligibility and how to apply, visit: https://public-agency-list.alberta.ca/PublicAgencyOpportunityList/GetOpportunityById?opportunityId=841