Central 1 Credit Union (Central 1) is pleased to announce that its members have passed a special resolution amending its Constitutions and Rules, four dues resolutions and a resolution re-appointing its auditors, at its Annual General and Special Meeting held on May 3, 2018 (Meeting).
In order to be approved, the special resolution was required to receive the approval of: (i) not less than 50% plus one of the Class “A” members voting on the resolution; and (ii) not less than 2/3rds of the votes cast by Class “A” members voting on the resolution, on the basis of one vote per Class A share held.
The special resolution passed. Below are the voting results on the special resolution:
Central 1 announced on April 2, 2018 that Rick Hoevenaars, Angela Kaiser, John Kortram and Rob Wellstood were re-elected in Central 1’s 2018 director elections. Each re-elected director was elected to a three year term commencing at the conclusion of the 2018 annual general meeting and expiring at the conclusion of the 2021 annual general meeting. In addition, Central 1’s board of directors has appointed two additional directors, each for a term of three years commencing at the conclusion of the 2018 annual general meeting and expiring a the conclusion of the 2021 annual general meeting.At the Meeting, Class “A” Members approved, by ordinary resolution, the appointment of the auditors to hold office until the conclusion of the next annual general meeting of Central 1 at a remuneration to be set by Central 1’s board of directors, the 2018 operating dues and the 2018 flow-through dues. Class “A” Members in the British Columbia region approved, by ordinary resolution, the 2019 British Columbia Marketing Program dues. Class “A” Members in the Ontario region approved, by ordinary resolution, the 2019 Ontario Marketing Program dues .
Effective at the conclusion of the Meeting, Central 1’s Board of Directors is composed of the following directors:
| Bob Armstrong Elmer Epp Kerry Hadad Rick Hoevenaars Angela Kaiser Bill Kiss Joel Lalonde John Kortram Shelley McDade Penny-Lynn McPherson Jan O’Brien Rob Paterson Blaize Reich Launi Skinner Rob Wellstood |
Also, on May 3, 2018, Bill Kiss and Rick Hoevenaars were elected as Board Chair and Vice-Chair, respectively, for a term of one (1) year.