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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 2019, total remuneration to the board of directors was $261,000. ACU paid expenses on behalf of directors amounting to $26,000.
Here is individual director remuneration for 2019, exclusive of training and development:
| Director | 2019 remuneration |
| Crystal Laborero CHAIR | 36,334 |
| Alain Molgat VICE CHAIR | 30,734 |
| Dennis Anderson DIRECTOR | 25,192 |
| Kevin Freedman DIRECTOR | 25,617 |
| Marina James DIRECTOR | 21,804 |
| Paul Lacap DIRECTOR | 27,553 |
| Anne Lindsey DIRECTOR | 23,592 |
| Marlene Lock DIRECTOR | 16,704 |
| James Magnus-Johnston DIRECTOR | 22,692 |
| Priti Mehta-Shah DIRECTOR | 17,663 |
| Wilbur Coates DIRECTOR (retired April 2019) | 7,192 |
| Garry Loewen DIRECTOR (retired April 2019) | 6,242 |
As of December 31, 2019, outstanding loans to Directors totaled $454,000, of which $55,000 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 2019, this included: 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 2019, $23,000 was spent on board training and development.