Credit Union seeking new Board members

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IF you happen live or work in Derry, have professional business expertise and wish to make a difference, then Derry Credit Union wants to hear from you.

As the largest Credit Union in N. Ireland, the Derry Board of Directors recognise that a really skilled team is essential to protect the funds of members and to continue to provide member-owned financial services.

So the search is now on for some new directors to further strengthen the Board and ensure the long term success and sustainability of what continues to be a vital local service.

Formed in 1960, the Credit Union been an integral part of the city’s heritage for the past 55 years.

“We are very proud of our track record, offering vital services to an increasingly diverse set of members in the city,” said Rosemary O’Doherty, the Derry Board secretary.

“Our board of directors play a key role by setting our strategic direction, managing risk, overseeing management performance and ‘setting the tone’ to ensure we stay safe, secure and well run,” she added.

Over the past 55 years Derry Credit Union has had directors from all walks of life, which is important in having a Board which understands its membership and has the ability to deliver current and new services.

Board members are volunteers and, while they don’t receive any remuneration, they get structured induction and training and any authorised expenses are reimbursed.

Derry Credit Union will never lose its community ethos. While staying loyal to its comcommunity roots, the balance of ‘head and heart’ will always give the best results.

The C.U. is seeking new Board members, people with real integrity, who can meet the following criteria:

Is a member, or will become a member of Derry Credit Union, which requires that he or she lives or works within the common bond and shares the ethos as a community based financial co-operative.

As a regulated entity, all Directors must be approved by the Prudential Regulation Authority and the Financial Conduct Authority.

Directors must be committed to attend and actively contribute to board and committee meetings. The board is required to meet at least monthly and currently meets twice per month.

All new directors will receive a structured induction and ongoing training in the role. However, more importantly is the fact that directors gain satisfaction of making a key contribution to this vital organisation and its members.

Those who may express an interest in the role or, indeed, wish to receive further information, are asked to contact the secretary@derrycu.com

Expression of Interest Forms must be returned by Tuesday, September 1st, 2015 at 4.00 p.m.