Effective January 1, 2020, Westminster Savings and Prospera Credit Union officially merged. The two credit unions are now one legal entity – Prospera Credit Union. In the months ahead, we will be launching our new brand and will be revising all materials including our website. We appreciate your patience during this transitional period.

Board of Directors

Overview - Board of Directors

Prospera Credit Union is governed by a nine-person Board of Directors representing more than 120,000 members. One third of the Board is elected every spring.

The Directors are a key link between members and the rest of the organization. Collectively, they represent and are accountable to the membership to ensure that financial objectives and service levels are met. As a Board, they set Prospera’s vision and policies, oversee prudent financial management, hire and guide the President and CEO, and help establish and evaluate strategic objectives.

The Board as a Team

The Board is mandated to provide for its own succession and welcomes interest from qualified individuals interested in joining the team. Potential candidates would:

  • Be a Prospera member in good standing for a minimum of 90 days prior to the AGM at which the member is to be elected
  • Exhibit objectivity and be capable of serving as a representative of the membership
  • Be able to develop a good working relationship with other Board members and contribute to the Board’s working relationship with senior management
  • Have sufficient time to discharge Board duties
  • Possess the personal qualities to be able to make a substantial active contribution to Board deliberations
  • Be self-assured with high ethical standards, inter-personal and communication skills and have the willingness to ask difficult questions

Position Expectations

  • Attend quarterly Board meetings (March, May, September, December) (scheduled during normal business hours)
  • Attend approximately 20 Committee meetings per year (scheduled during normal business hours) and 4 for the ad hoc Integration Committee
  • Participate in the Credit Union Director Achievement (CUDA) program (seven modules to be completed in first year)
  • Attend two three-day Strategic Planning sessions annually
  • Attend the Annual General Meeting of the membership, held in April or May
  • Attend a one-day Directors’ Orientation session at the corporate office (first year only)
  • Attend various other conferences for educational and/or networking purposes
  • Be visible in the communities that PCU serves and participate in community events sponsored by Prospera
  • Commit to spending an average of 30 hours per month (not including travel) in preparation for and in attendance at Board and Committee meetings

Meet Your Board ⇢