Savvi Credit Union (the ‘Credit Union’) invites applications from suitably qualified candidates who would be interested in volunteering as a non-executive director (‘director’) on the board of the Credit Union.
All credit unions in Ireland are bound by the Credit Union Act 1997 (as amended), which states that responsibility for the general control, direction and management of the affairs, funds and records of every credit union lies with its board of directors.
Savvi Credit Union is owned by all its members. The membership of the credit union elects a volunteer board of directors. Elections take place at our annual general meeting in January each year with applications invited in the months leading up to that meeting. Board members are initially elected for a three-year term. Voting is conducted by secret ballot at the annual general meeting of the Credit Union.
In accordance with the Credit Union Act 1997-2012, a member elected as a director shall take office at the close of the annual general meeting at which he or she is elected.
In accordance with the Credit Union Act, the role carries no remuneration, but all reasonable out of pocket expenses are reimbursed.
You must be a member of Savvi Credit Union or be qualified to become a member. As part of the Fitness and Probity requirements of the Central Bank of Ireland, all directors must be (i) competent and capable (ii) honest, ethical and act with integrity, and (iii) financially sound.
There are ongoing training programmes in place to provide opportunities for directors to keep up to date on regulatory and other developments, as well as training specific to the role of director, and activities of the credit union.
The role of a credit union director involves a considerable time commitment. There are circa 12 regular board meetings per year as well as additional board meetings to deal with strategic planning and other matters that may arise. Board meetings last between 2 and 3 hours per meeting. One to two hours is also required for advance reading of board packs depending on agenda items. Committee meetings usually take 1 to 2 hours minimum, again depending on agenda, and take place a minimum of 4 times per year. In addition, directors are required by legislation to complete certain educational programmes and ongoing training and development.
If you feel you match the criteria as contained in the Role Profile, and have the time available to carry out the role of director, then simply complete the Application Form which you will find here, attach your CV and forward both via email to: NomCom@savvi.ie.
Alternatively, please forward your application form and CV to Angela Kelly, Head of Governance, Savvi Credit Union, 3rd Floor, Savvi Credit Union, 27-28 Herbert Place, Dublin 2.
Please note that closing date for applications is 5pm on Friday 30 October 2020.
If you have any questions in relation to your application, please email NomCom@savvi.ie and we will be delighted to give whatever assistance you may need.
Savvi Credit Union