Special Resolution to Update KSCU Rules
Every credit union operates under a Constitution and Rules approved by its membership, which define how the organization operates. These governing documents not only ensure compliance with legal and regulatory requirements but also contribute to the credit union’s overall efficiency and effectiveness.
Following the 2024 Directors Election, Kootenay Savings Directors carefully considered member feedback regarding the ballot process—particularly the requirement to vote for all open positions. Under the Credit Union Act, we can amend our Rules to give members the option to vote for fewer than the total number of directors without invalidating their ballots.
While this change won’t be in place for the 2025 Election, we are proposing a Special Resolution during the 2025 Election to implement this adjustment for future elections. This change is designed to provide greater flexibility for members while maintaining the integrity of our voting process.
The Board of Directors wholeheartedly supports the proposed new rule 15.7 and strongly recommends members vote in favour of the Special Resolution.
For a detailed overview of the amendments and a comprehensive understanding of the proposed changes, please click the links below: