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Governance

As a member-owned financial institution, Assiniboine Credit Union (ACU) operates with the needs and interests of its members at the core of everything we do. Our cooperative model means that our members are more than customers—they are owners, with a voice in how ACU is governed.

Our governance is led by a Board of Directors which is the legal body vested with the responsibility for establishing policies, guiding the credit union's strategic direction, and ensuring compliance with ACU’s by-laws and the provincial Credit Unions and Caisses Populaires Act (the Act).

At ACU, governance is more than oversight—it’s a reflection of our membership and the democratic principles we uphold. As a member, you have the opportunity to participate in elections, vote on important matters, and help shape the future of your credit union.

2026 Board of Directors

Call for Nominations

Board members play a pivotal role in shaping the strategic direction of our organization and make critical decisions that affect all members. If you are an eligible member interested in serving on the Board, visit the link below to learn more. 

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ACU's Board of Directors

ACU is governed by a 12-member Board of Directors. The Board plays an integral role in shaping the credit unions’ strategic direction and guides ACU to achieve its mission and vision. The Board provides important leadership and oversight as the credit union works to serve our members with excellence, delivering on our commitments to quality of service, competitive positioning, convenient solutions, commitment to urban, rural, agricultural, and Francophone communities, French language services, and a values-based approach to banking.

The Board understands the importance of ensuring its Board as a whole possesses the knowledge, skills, diversity of backgrounds and lived experiences to effectively steward and oversee the strategic direction of the organization.

Each director brings diverse expertise and a shared commitment to guiding Assiniboine Credit Union's strategic direction, upholding our values, and ensuring we serve the best interests of our members and communities.

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Board of Director branch visits

All members are invited to take the opportunity this month to meet your board. Directors will be visiting branches throughout October to meet you, talk about the credit union, and hear your thoughts and ideas. They’d love to see you! Check the branch schedule for dates and times. 

View schedule

Our Governing Policies and Committees

Solid governing policies are essential for effective and responsible management of the credit union. At ACU, we are guided by 25 governing policies, each designed to ensure accountability, fairness, and operational excellence. These policies are regularly reviewed to stay relevant and aligned with the needs of our members and communities.

Audit & Risk Committee

  • Asset Liability Matching Policy
  • Asset Securitization Policy
  • Auditor Independence Policy
  • Capital Adequacy & Sourcing Policy
  • Compliance Risk Policy
  • Credit Policy
  • Derivatives Policy
  • Detecting & Deterring Proceeds of Crime Policy
  • Enterprise Risk Management Policy
  • Foreign Exchange Risk Policy
  • Liquidity Risk Policy
  • Management Expenditure Authorities Policy​
  • Operational Risk Policy
  • Outsourcing Risk Policy

Governance & Ethics Committee

  • Anti-Spam Policy
  • Code of Conduct & Business Ethics Policy
  • Member Privacy Policy
  • Member Service Policy
  • French Language Services Policy
  • Protected Reporting Policy
  • Related Party Transactions Policy
  • Stakeholder Communication Policy
  • Values-Based Banking Policy

Human Resources Policy & Compensation Committee

  • Compensation Philosophy Policy
  • Employment Principles Policy

Board Committees 

Board Committee Members
Audit & Risk Priti Mehta-Shah (Chair), Jane Brown, Alain Molgat, Darrel Nadeau
Governance & Ethics Stéphane Dorge (Chair), Don Johal, Crystal Laborero, Jeff Leclerc, Garnet McBurney
Human Resources Policy & Compensation Jacqueline Keena (Chair), Patrick Fortier, Crystal Laborero, Garnet McBurney
Nominating Jim Abernethy (Chair), Jacqueline Keena, Alain Molgat, Darrel Nadeau

Transparency and Accountability

At ACU, we are committed to keeping our members informed about our financial performance, risk management, and the positive impact we make in our communities. Explore our key reports to learn more about how we uphold our values and deliver on our mission.

 

These reports demonstrate ACU’s dedication to operating with integrity and transparency, ensuring the trust and confidence of our members.

Contact the board chair

The Board of Directors values open communication with members. If you have questions or feedback related to ACU’s governance, you can contact the Board Chair via email to boardchair@acu.ca