Search
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.