Recruitment posting
Credit Union Deposit Guarantee Corporation
Competition #: 841
Ministry : Treasury Board and Finance
Opening Date : 2025/02/07
closing Date : 2025/02/27
Role : Members of Board of Directors
It is recognized in Alberta as a fundamental principle and as a matter of public policy that all persons are equal. Diversity and inclusion are valued and supported on the boards of Alberta's public agencies.
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 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 https://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.
Board members are paid honoraria as prescribed by the Lieutenant Governor in Schedule 1, Part A of the Committee Remuneration Order (OC 466/2007) effective April 1, 2009 at two times the rate.
Honoraria | Director rate (includes vice-chair) | Chair/committee chair rate |
Up to four hours inclusive | $328 | $438 |
More than four hours and up to eight hours inclusive | $580 | $766 |
More than eight hours | $854 | $1,202 |
Travel and living expenses are paid in accordance with the Treasury Board Directive No. 05/2020 Travel, Meal and Hospitality Expenses Directive.
Time commitment is less than 75 hours annually for regularly scheduled meetings plus travel time and preparation time.
The CUDGC Board and its two Board committees meet an average of four to seven times per year unless additional meetings are necessary to address material developments. Board members also serve as committee members.
Meetings are primarily held in Edmonton but also across the province.
Please note: This ad will close on February 27, 2025 or until suitable candidate found.
The posting may be used to fill current and future public agency vacancies.
Final candidates will be asked to undergo a comprehensive background check, disclosure and conflict of interest screening.
In addition to your cover letter and resume, we require a biography. Click HERE to download the biography form.
Once your biography is completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography into the 'Drop files below or click to upload' section before clicking the 'apply' button.
Once the forms are completed, save them to your PC. When you click on submit application, you will be prompted to upload additional documents. Drag and drop or upload your completed biography form and others requested into the ‘Drop files below or click to upload’ section
For additional information on this opportunity, please contact:
Executive Search, Public Service Commission
Phone: 780 408-8460
Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements.
Online applications are preferred. To apply, click on the 'apply' button, create or sign into your account in the ePAAS system; upload your resume, view the listing under Current Opportunities and click on 'submit application'. The uploaded resume will be automatically attached.
Provide a short 4 line biography using the Biography template found under additional documents section. Your biography should include your name, current work experience, board/committee experience and relevant education. Please note that biographies may be edited for length and clarity.
Once your biography and other required form(s) are completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography and other form(s) into the 'Drop files below or click to upload' section before clicking the 'apply' button.
If you are unable to apply online, please submit a cover letter and resume, quoting the recruitment posting competition number, to the contact provided on the posting. We thank all applicants for their interest. All applications will be reviewed to assess which candidates' qualifications most closely match the agency's requirements. Only those selected for interviews will be contacted to advance to the next step in the appointment process. You can check the status of each competition on-line at https://www.alberta.ca/public-agencies.cfm.
The personal information in ePAAS is collected pursuant to section 33(c) of the Freedom of Information and Protection of Privacy Act. The information will be used to administer and manage recruitment for current and future public agency appointment opportunities. Questions regarding the collection, use, or disclosure of this information, may be directed to the Public Agency Secretariat, Public Service Commission, 3rd Floor, Peace Hills Trust Tower, 10011 109 Street, Edmonton, AB T5J 3S8 or by calling 780-644-3060. Applicants will be required to identify any real or perceived conflicts of interest and may be required to undergo additional screening.
Please Note: Successful applicants will have the following information about them made publicly available on the Public Agency Secretariat Website: name, biography, public agency, and position title.