Policies and Committees

Having solid governing policies in places greatly helps ACU management run the Credit Union effectively and properly. ACU is governed by 26 policies, which are regularly reviewed for relevance. Board Committees are responsible for monitoring adherence to specific governing policies:

Audit & Risk Committee

  • Asset Liability Matching Policy
  • Asset Securitization Policy
  • Auditor Independence Policy
  • Capital Adequacy & Sourcing Policy
  • Credit Policy
  • Derivatives Policy
  • Detecting & Deterring Proceeds of Crime Policy
  • Enterprise Risk Management Policy
  • Foreign Exchange Risk Policy
  • Liquidity Risk Policy
  • Management Expenditure Authorities Policy​
  • Operational Risk Policy
  • Outsourcing Risk Policy
  • Pricing Policy
  • Regulatory Risk Policy

Community & Member Relations

(amalgamated with Governance & Ethics Committee - September 2018)

Governance & Ethics Committee

  • Anti-Spam Policy
  • Code of Conduct & Business Ethics Policy
  • Community Investment Policy
  • Member Privacy Policy
  • Member Service Policy
  • Protected Reporting Policy
  • Related Party Transactions Policy
  • Stakeholder Communication Policy
  • Values-Based Banking Policy

Human Resources Policy & Compensation Committee

  • Compensation Philosophy Policy
  • Employment Principles Policy

Committee Participation

Audit & Risk Committee
Kevin Freedman (Chair), Wilbur Coates, Marina James, Crystal Laborero

Community & Member Relations (amalgamated with Governance & Ethics Committee - September 2018)
James Magnus-Johnston (Chair), Dennis Anderson, Marina James, Anne Lindsey

Governance & Ethics Committee
Crystal Laborero (Chair), Wilbur Coates, James Magnus-Johnston, Alain Molgat

Human Resources Policy & Compensation Committee
Paul Lacap (Chair), Kevin Freedman, Garry Loewen, Alain Molgat

Nominating Committee
Anne Lindsey (Chair), Dennis Anderson, Garry Loewen


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