The credit union structure values the input and opinions of its members.
Each person who opens an account with Gulf & Fraser becomes an owner.
As a member, you receive a Membership Equity Share, making you a partial owner of the credit union. Your membership entitles you to vote on policies, elect Board members, and even run for a seat on the Board of Directors.
As a financial co-operative, Gulf & Fraser is guided by the seven international principles of co-operatives:
- Voluntary and open membership
- Democratic member control
- Member economic participation
- Autonomy and independence
- Education, training and information
- Co-operation among co-operatives
- Concern for community
Governance and leadership at Gulf & Fraser is divided into two units: the Board of Directors and the CEO’s Office. Each with their own areas of responsibility, these two units work in partnership to achieve the objectives of our credit union.
Gulf & Fraser Rules
The Credit Union Rules were established by Gulf & Fraser and are governed by the Credit Union Incorporation Act of British Columbia. The rules were updated in April 2021.
Download this document to read the rules for membership, shares and deposits, borrowing and lending, the Board of Directors, the election process, the annual general meeting, and other aspects of the credit union.
.jpg)
.jpg)
