Board of Directors

James McCormack
Chair of the Board of Directors
(Retired, Past Vice-President of Elementary Teachers Federation of Ontario)

Ruth Cruikshank, MBA, PhD

(Retired Professor of Business, Wilfrid Laurier University)

Zoran Hristov
Vice Chair of the Board of Directors
(Quality Manager, AirBoss Rubber Compounding)

John Lamberink, ACCUD
Chair of Nominating Committee
(Owner, Aquality Irrigation & Illumination)

Paul Martinello
Chair of ERM Committee
(Vice President, Information Technology Services for Energy+ Inc.)

Lisa Narayansingh, CPA, CMA, MBA
Chair of Audit Committee
(Owner LN Property Management)

Michael Stephenson, CPA, CA, MBA
(Retired, Past CFO at BCG Logistics Inc.)

Helmut Tinnes

Savio Wong
Chair of Governance Committee
(Retired Teacher, Waterloo Oxford District Secondary School)

Director Responsibilities

The Education Credit Union Board of Directors is elected by the credit union membership during the annual general meeting (AGM) and reports to the general membership.
The responsibility of a director generally is to direct the management of the business and affairs of the organization through its employees. A director is not expected to become involved in the day to day operation of the organization, but be able to objectively evaluate the competence of management personnel and ensure that proper controls and procedures have been designed, and put into operation, to reach the targets or goals established.


A formal committee structure exists to support and expedite the work of the Board of Directors. Committees of the board are empowered to review matters requiring specialized expertise, issue formal recommendations, and in some cases, make decisions on behalf of the board. This allows the credit union’s Board of Directors to optimize its time, and achieve greater depth in its deliberations than would otherwise be possible.
Standing committee members are appointed on an annual basis, with each committee consisting of a minimum of three (3) directors. The Chair of each Committee is appointed by the Board.

Duties and Obligations

Education Credit Union Directors are ‘fiduciaries’ of the organization they serve and are expected to fully participate in orientation and development opportunities. They have an obligation to act honestly and in good faith with a view to the best interest of the credit union, and exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.

Composition of Board and Term

The board consists of nine members, each elected for a maximum term of three years. If a director should resign or be removed from his or her position before their term of office has expired, the board can appoint a temporary director from the credit union membership to fill the vacated position until the next general meeting of the credit union. The member elected to permanently replace the resigned/removed director will complete the remainder of the term.

Opportunities Available

Your Credit Union Needs You!

Ever wonder how your Credit Union operates? Are you interested in serving as a director on your Credit Union’s board? The Education Credit Union is seeking interested, ethical members to sit on its’ board. We are looking for individuals who possess skills and experience in the following areas:

  • Financial Literacy
  • Human Resources
  • Marketing
  • Accounting
  • Previous Board Experience
  • Credit Union Operations
  • Industry and Business Knowledge
  • Communications & Public Relations

As a board member, you should have the desire and the time to commit, for at least a 3 year term and actively participate in monthly board and committee meetings, take training courses and attend special meetings as needed. Ongoing training is also necessary to keep Director skills up-to-date. If the thought of serving as a Credit Union Director appeals to you, please contact us by email: or click here for more information.


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