FinancialsFinancialsFinancialsFinancials 2019 Annual Report | gfcu

2019 gfcu Board of Directors




Click on a director to see their bio

Member Input & Feedback

We take your input, concerns, complaints, and compliments very seriously, and strive to maintain open and accessible communication channels with our members at all times.

Our management team is always on-site during business hours, ready and willing to listen to whatever our members have to say about the credit union.

Our entire Board of Directors have their email addresses posted on the gfcu website (click here). We are all interested and eager to hear about the thoughts, input, and experiences of our members.

We cannot accurately represent our membership without continued feedback from our members. Our approach to member feedback ensures that no formal complaint, compliment, or suggestion will go unheard. If you have any thoughts or experiences that you think our management team or Board of Directors should know about, please don’t hesitate to contact us.

See the full Member Feedback Policy online at www.gfcu.com.

Compensation Policy and Practice

One of the Board’s most important goals is to attract and retain highly motivated, knowledgeable, and effective employees to participate in the development and management of successful business operations. To support this, we employ a process that ensures competitive, performance-based compensation equitable in our own market and comparable with similar credit union operations across BC and the rest of Canada.

The Board’s policy for CEO compensation also follows this model and sets the CEO’s salary in line with a market compensation survey of CEOs from similar-sized credit unions.

Director Involvment

Meetings Attended/Eligable 2019 Remuneration
Michael Strukoff 58/59 $9,482.36
Bill Wilby 50/50 $12,132.40
Roly Russell 47/50 $12,032.40
Steve Rezansoff 35/42 $9,407.40
Terry Woodruff 32/32 $5,782.40
David Marshall 29/32 $5,532.40
Daniel Drexler 37/38 $7,732.40
David Turner 36/37 $6,407.40
Robert Kendel 29/33 $5,782.40
Throughout 2019, the Board of Directors attended several conferences and training events. These events included the Central 1 AGM and Forum, Canadian Credit Union Association (CCUA) conference, World Council of Credit Unions (WOCCU) conference, regional Peer Group training events, as well as cyber security, regulatory, and governance training events. Expenses for these professional development pursuits totalled $49,861.00.