For the past three years the Saskatoon City Employees' Credit Union Board of
Directors have been researching and developing a new Board Governance Policy
using the Carver Model of Governance.
The Board Governance Policy provides four types of Policy direction.
1) Executive Limitations Policy
Provides direction in to the General manager in areas such as: Interaction
with Credit Union members, financial planning, budgeting, asset protection,
compensation and benefits, and communication to the staff and the Board of
Directors.
2) Board/Staff Linkage Policy
Provides direction to the responsibilities of the manager, delegation to the
manager and accountability, unity of control, and the boards ability to monitor
the general managers' performance.
3) Governance Process
Provides direction as to the board of directors governing style, board job
description, agenda planning, role of the chairperson, board code of conduct,
and confidentiality.
4) Ends Policy
A statement or vision of the board for all members of the Saskatoon City
Employees' Credit Union.
The Fourth Policy -Ends Policy - is the vision of the board of directors for
each member. This policy is described in detail below:
Ends Policy (vision)
Our members enjoy:
1. Access to a full range of financial services.
(exceptions: Internet banking/interactive Voice Response)
Members should have access to a wide variety of financial services such as:
RRSP's, RESP's, loans, world wide automated teller access, money orders,
travellers cheques and overdraft protection.
2. Competitive Rates.
*Overall Service charges shall be in the lowest 25% of the
Saskatoon marketplace.*
Saskatoon City Employees' Credit Union wishes to be competitive with other
banking institutions in Saskatoon and prides itself in maintaining low overall
service charges.
3. Personal Service.
Banking service can be achieved through an automated teller or with a
personal teller. Hours of operation and great location allow for personal
banking service.
4. Confidence in Financial Transactions.
AIl financial transactions are treated in a professional and confidential
manner.
As a member of the Saskatoon City Employees' Credit Union do you agree or
disagree with the ENDS POLICY & VISION your board of directors has set out
for you.
Saskatoon
City Employees Credit Union