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Director Meeting Attendance, Remuneration and Loans

Directors are paid an annual retainer and a per diem for attending Board and Committee meetings as well as other eligible meetings, as agreed to by the Board. In 2021, total remuneration to the Board of Directors was $244,000. ACU paid expenses on behalf of Directors amounting to $7,000.

 

Director meeting attendance


Here is individual Director remuneration for 2021, exclusive of training and development:

Director

2021 Remuneration

Crystal Laborero CHAIR

45,551

Paul Lacap VICE CHAIR

30,518

Marina James DIRECTOR

21,567

Jacqueline Keena DIRECTOR

12,252

Paul Lacap DIRECTOR

 

Anne Lindsey DIRECTOR

22,745

Marlene Lock DIRECTOR

18,305

James Magnus-Johnston DIRECTOR

19,670

Priti Mehta-Shah DIRECTOR

21,497

Alain Molgat DIRECTOR

26,683

Glenn Williams DIRECTOR

17,935

Kevin Freedman DIRECTOR (retired March 2021)

6,839


As of December 31, 2021, outstanding loans to Directors totaled $814,000, of which $0 was at government prescribed rates of interest. Director loans totaled 0.01% of our assets.

Board training

Every year, the Board approves a training and development program for the Board, individual Directors and Board Committees. In 2021, this included: mandatory Credit Union Director Achievement (CUDA) training; Large Credit Union Conference; Credit Union Central of Manitoba Conference and Annual General Meeting; Credit Union Central of Manitoba Directors Forum; Canadian Credit Union Leaders Conference; and various training courses, luncheons and webinars. In 2021, $7,000 was spent on Board training and development.

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