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Our Profile
Fort Erie Credit Union is a cooperative, owned and operated by its members. This is what distinguishes the Credit Union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and comprehensive financial services.
Fort Erie Credit Union is governed by a Board of Directors that establishes and reviews policy. The Directors are Credit Union members who are elected by the Membership and serve for a period of 3 years. Every member has one vote at the annual meeting, regardless of how much he or she had on deposit. At the Credit Union, there is no select group of shareholders that profits more than anyone else. All Members profit -- individually and collectively.
About Us
- Fast, Friendly Service Complete Personal Banking
- Personal Loans and Mortgages.
- Current Accounts for Businesses with no charge for deposits.
- MemberDirect™ - our secure PC Home Banking solution -- for free!
- Telephone Banking - unlimited local and toll free access from anywhere in North America.
- 24 Hour Drive-Thru ATM at the Garrison Road Branch.
- 24 Hour walk-up ATM in the lobby of the Jarvis St. Branch.
- Saturday banking hours (at the Garrison Road Branch).
- Investments including RRSPs, RRIFs, RESPs, TFSAs and other vehicles.
- Qtrade Online Brokerage Services.
Full Service
- We are a full service community credit union having over 3,000 members, two convenient locations, a 24 hour drive through ATM, Internet and Telephone Banking privileges, and Package Plus and 50 Plus accounts with many features.
- We offer current accounts for businesses with no charge for deposits and all members may elect to have their cheques returned monthly.
- We pride ourselves of the the old fashion service that provides a real live person to serve you in the manner you deserve.
- We are dedicated to provide a full range of financial services based on co-operative principles for the well being of our members and our community.
- We are committed to helping one another by providing high quality, cost-effective products and services in a professional confidential manner with courtesy, respect and teamwork.
Fort Erie Credit Union is governed by a Board of Directors that establishes and reviews policy. The Directors are Credit Union members who are elected by the Membership and serve for a period of 3 years. Every member has one vote at the annual meeting, regardless of how much he or she had on deposit. At the Credit Union, there is no select group of shareholders that profits more than anyone else. All Members profit -- individually and collectively.
| 59th Annual General Meeting |
Notice is hereby given that the Annual General Meeting of Fort Erie Community Credit Union Limited will be held at the Bridgewater County Club, 700 Gilmore Road, Fort Erie, Ontario on Tuesday, March 16, 2010 at 7:00 p.m. for the purpose of receiving Reports and Financial Statements for the year ended December 31, 2009, appointment of the Credit Union’s auditor for its fiscal year ending December 31, 2010, and any other business of an Annual Meeting. Registration commences at 6:30 p.m.
Copies of the financial statements and the reports of the audit committee and the auditor will be available for inspection at the meeting and at the offices of the Credit Union ten days before the date of the meeting.
Special Business:
The following special business will be considered at this meeting:
Members will consider, and, if thought appropriate, approve a resolution confirming the repeal of the Credit Union’s existing general by-law, and its replacement with a new general by-law. Copies of the proposed new general by-law are available at all offices of the Credit Union, and will be distributed to all members in attendance at the meeting. The proposed new general by-law has been drafted to bring the Credit Union into compliance with recent amendments to the Credit Unions and Caisses Populaires Act, 1994 and new Regulations passed under that legislation. For a complete set of the by-laws, download: Conduct BY-LAW NO. 1. Key changes to the Credit Union’s by-laws include the following:
- Members of the Credit Union will be permitted, at their discretion, to hold up to $1,000 in additional membership shares.
- Directors may not serve for longer than four consecutive three-year terms since their first election to the Board at this annual general meeting or later.
- Director candidates, whether incumbent directors or not, are now required to disclose their legal conflicts of interest prior to the election in which they are a candidate.
- The Credit Union is instituting a nomination procedure which will require those intending to seek election to the Board to be nominated in advance of the annual general meeting. The Credit Union will appoint a nominating committee of three members, who shall prescribe a form of application for nomination and receive those applications for at least 15 days, at least 30 days before the annual general meeting. The nominating committee shall evaluate whether or not each nominee is qualified pursuant to the Act and by-laws, and shall place in nomination the names of all qualified nominees.
- Because the amendments to the Act no longer require a loans officer and eliminate the concept of a lending license, the requirement to have a loans officer has been removed.
- The Board is now required to appoint a Chief Executive Officer of the Credit Union.
- The Chair of the Board may not now serve for more than 5 consecutive terms since the Board reorganizational meeting following this annual general meeting.
- The Board may permit, subject to such rules as it deems appropriate, participation in membership meetings by electronic or telephonic means. Voting at membership meetings by mail or by in-branch, telephonic or electronic means is prohibited.
- The delivery of notice of a membership meeting to members has been made more flexible by eliminating archaic methods of delivering notice and permitting the Credit Union to take advantage of modern communication methods like e-mail.
DATED this 23rd day of February, 2010 BY ORDER OF THE BOARD
Barbara Scarlett, Corporate Secretary
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