Loading Your Experience

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 2020, total remuneration to the Board of Directors was $251,000. ACU paid expenses on behalf of Directors amounting to $10,000.

Here is individual Director remuneration for 2020, exclusive of training and development:


Director 2020 Remuneration
Crystal Laborero CHAIR 43,197
Paul Lacap VICE CHAIR 22,097
Kevin Freedman DIRECTOR 23,305
Marina James DIRECTOR 21,732
Anne Lindsey DIRECTOR 25,597
Marlene Lock DIRECTOR 20,357
James Magnus-Johnston DIRECTOR 22,455
Priti Mehta-Shah DIRECTOR 25,197
Alain Molgat DIRECTOR 24,388
Glenn Williams DIRECTOR 10,415
Dennis Anderson DIRECTOR (retired June 2020) 12,283

As of December 31, 2020, outstanding loans to Directors totaled $335,000, of which $40,000 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 2020, this included: mandatory Credit Union Director Achievement (CUDA) training; Credit Union Central of Manitoba Annual General Meeting; Credit Union Central of Manitoba Directors Forum; various training courses and webinars. In 2020, $9,000 was spent on Board training and development.

This website uses cookies to improve your user experience. By continuing to browse the site you are agreeing to our use of cookies.