Director

Directors are guardians of DUCA’s mission: “We exist to help people do more, be more, and achieve more with their money and
their lives.” Practically, this means potential Directors should own a deep commitment to DUCA as a cooperative financial
banking enterprise striving to provide best-of-class Member experience in the delivery of financial products and services.
Moreover, the potential Director should own or desire to own a big vision for DUCA to make a difference using our profits
for a purpose. Potential Directors have to be able to constructively and actively contribute to all Directors’ discussions in a
collaborative, collegial atmosphere.
Also, each Director will have a significant amount of preparatory reading and analysis prior to Board or committee
meetings that require advanced financial acumen as well as experience in corporate governance and prudential risk
management. There is an expectation that the workload will be approximately 6–8 hours per week. The current annual
retainer for a director role is $33,500.
The DUCA Board believes in embracing diversity and inclusion and strives to represent and reflect the broad DUCA
Membership, its employees, and the people in our communities.

A Director has significant fiduciary responsibilities and in addition should possess the following qualities:

• Is a team player with demonstrated business
experience and appropriate level of knowledge.
• An independent thinker who brings a diverse and
knowledgeable perspective to Board discussions
and decisions.
• Possesses good written and verbal communication
skills in order to participate fully in Board analysis,
discussion and debate on more complex issues
of corporate governance, responsibilities, legal
accountability, finance, strategies, and audit.
• Able to make significant contributions to
long-range planning and strategy.

• Can analyze data and financial results effectively to
ensure proper Board oversight.
• Understands and promotes DUCA’s goals, values and
philosophy of doing business.
• Actively promotes DUCA in order to attract and source
business for DUCA.
• Free of any conflicts of interest.
• Able to maintain confidentiality and discretion.
• Accounting designation, senior technology leadership,
and executive compensation expertise are assets.

Every year, DUCA requests its Members to submit
names of people who could potentially be Directors of
the credit union.
There are three Board positions open for the upcoming
election. These Board positions have a three‑year term.
Applications for candidates for the Board of Directors
will be accepted from Friday, November 13, 2026
until Friday, November 27, 2026 at 5:00 PM.
An application form and rules for nominations are set
out in the Director Candidate Information Guide
available online at duca.com and at each of our
branch locations.

All Members with a minimum of one Membership
Share are allotted one ballot for voting purposes.
Ballots will be issued before the start of the
election period on February 12, 2027 along
with voting instructions, a list of candidates, and
their biographies. In addition, these materials will
be posted on duca.com and made available at
each branch.
Voting will take place between February 12, 2027
and March 15, 2027. Successful candidates will be
announced at the 2026 AGM to be held on April 29, 2027.

Please email the completed application form to the email address below no later than
5:00 PM on Friday, November 27, 2026.
Chair of Election:
boardelections@duca.com
DUCA Financial Services Credit Union Ltd.
4950 Yonge Street, 14th Floor
Toronto, Ontario M2N 6K1