As a division of FirstOntario Credit Union, Saven Financial members have the right to vote online in FirstOntario’s annual Board of Directors Election.
Board of Directors Election Voting Period
Monday, February 6 to Monday, March 6, 2023
Annual General Meeting
Wednesday, April 19, 2023. Stay tuned for more information.
Board of Directors Election 2023
Voting is now open for FirstOntario’s Board of Directors election. Saven Financial members in good standing as of January 31, 2023 are eligible to vote in our Board of Directors Election.
For this election, there are four vacancies on the Board. The candidates with the four highest vote results will be elected for a three-year term.
FirstOntario is a successful financial institution with over $5 billion in assets under management. The credit union regulator, the Financial Services Regulatory Authority of Ontario, requires that qualified members with the necessary experience serve on FirstOntario’s Board of Directors.
To be eligible to serve on FirstOntario’s Board of Directors, candidates, at a minimum, must:
- Be 18 years of age of older
- Be a FirstOntario member in good standing
- Have been a member of FirstOntario for the past three years
- Meet the requirements from the Credit Unions & Caisses Populaires Act and FirstOntario’s By-laws
- Have governance experience from previously serving on a Board of Directors or through previous working experience in a governance capacity
- Have financial literacy experience
This year, your Board of Directors also established three additional areas of competency that are needed on the Board, these competencies are risk management oversight experience, information technology governance experience and a Director with an accounting designation.
FirstOntario’s Elections Committee interviewed all candidates for this election and recommended the Board endorse the candidates they believe have the required qualifications and experience to best serve on your Board as set out by our regulator and credit union. We ask that you please take into consideration the Board’s endorsed candidates when casting your votes.
Candidate Information
Click here to view the candidates running in this year’s Board of Directors election.
Vote Online Today!
- Login to your Saven account
- Click on the “Vote Now” button located at the top of the page
Please note: Saven Members who also have an existing account with FirstOntario will not see a “Vote Now” button and are asked to vote online through FirstOntario.com.
Election Results
Election results will be announced at FirstOntario’s Annual General Meeting on Wednesday, April 19, 2023. All Saven Financial Members are welcome to attend.
For questions, please contact us Elections@FirstOntario.com