AGM Voting Information

Have your say!

You may cast your vote online to elect directors and for the proposed by-law changes until 5:30pm on April 18, 2019. Vote online anytime, or at any of our branches during regular business hours.


For members who are unable to cast their vote in advance, you can vote during the registration period at the Annual General Meeting in Ottawa on Thursday, April 18th, 2019 from 4:00pm to 5:30pm. Voting results will be announced at the AGM.

About the vote

Before you cast your vote, find out all you need to know about what you’re voting for by reviewing the information below.

This year, you have the opportunity to cast your vote for:

1. 2019 Alterna Savings Board Candidates 

2. 2019 By-law Amendments 

2019 Alterna Savings Board Candidates

Members will vote to elect 3 out of the 4 candidates for the Alterna Savings Board of Directors, each for a three (3) year term. While there are currently 4 vacancies to be filled, a by-law amendment to reduce the number of elected positions on the board from 10 directors to 9 directors is proposed below. Members are asked to vote on the resolution to amend the by-law concurrently with the board elections, and the results of the resolution will be announced at the AGM prior to release of the election results. Should the resolution pass, there will be three positions on the board to be filled at the AGM and the 3 candidates with the  highest votes will be elected.  

All 4 candidates are recommended by the Nominating Committee as outlined in the Alterna Savings Nominating Committee Report.

Your 4 Alterna Savings Board Candidates are listed below.  Find out all about them by reading their biographies and contribution statements and watching a video of their speech.


Maria Barrados

Recommended by the Nominating Committee
Biography & Contribution Statement

Marianne Johnson

Recommended by the Nominating Committee
Biography & Contribution Statement

Judy Skinner

Recommended by the Nominating Committee
Biography & Contribution Statement

Marilyn Conway Jones

Recommended by the Nominating Committee
Biography & Contribution Statement

2019 Alterna Savings By-law Amendments

We are proposing three by-law amendments for 2019. The following rationales explain why each amendment is important, and the full text of each proposed amendment can be found in our By-law Amendment document by clicking on the links below.  The Board and Management fully support these proposed amendments.

Proposed Amendment 1: Number of Directors

AMENDMENT TO THE BY-LAW TO REDUCE THE SIZE OF THE BOARD FROM 10 DIRECTORS TO 9 DIRECTORS, AND TO ALLOW THE BOARD TO INCREASE THE NUMBER OF DIRECTORS TO 10 BETWEEN AGMs.

Rationale for Amendment                                                                    

This by-law amendment aligns Alterna Savings’ Board with contemporary industry standards, increases board effectiveness, reduces governance costs and applies the costs savings to Alterna’s activities. If, during the course of a year, the Board needs to add another director (e.g. where Alterna Savings faces an issue requiring expertise beyond that of its then-current Board), the Board may, by resolution passed by at least 2/3 of the directors who voted, add a 10th director until the next AGM when the added director’s term ends and the size of the Board goes back down to 9.

Proposed Amendment 2: Chair Term Limit

AMENDMENT TO THE BY-LAW TO CHANGE THE CHAIR OF THE BOARD’S TERM LIMIT FROM 3 CONSECUTIVE YEARS TO 5 YEARS IN TOTAL.

Rationale for Amendment                                                                    

A limit of 5 years in total for the Chair of the Board balances the need for renewal and succession with the need for continuity and is a standard best practice in the credit union industry.

Proposed Amendment 3: Director Term Limit

AMENDMENT TO THE BY-LAW TO CHANGE THE TERM LIMIT FOR DIRECTORS TO PROVIDE THAT NO PERSON IS ELIGIBLE FOR ELECTION IF HE OR SHE HAS PREVIOUSLY SERVED AS A DIRECTOR FOR 12 YEARS OR MORE AT THE TIME OF THE ELECTION. TIME SERVED AS A DIRECTOR OF A PREDECESSOR CREDIT UNION DOES NOT COUNT IN CALCULATING THE 12-YEAR LIMIT AND FOR A SITTING DIRECTOR IMMEDIATELY PRIOR TO THE 2019 AGM THE 12-YEAR LIMIT SHALL BE CALCULATED BY ADDING THE CONSECUTIVE TIME SERVED PRIOR TO THE 2019 AGM AND ANY TIME SERVED THEREAFTER.

Rationale for Amendment                                                                   

The by-law currently has a term limit for directors of 9 consecutive years. However, a director is able to reset their 9-year maximum by having taken a minimum of one year off the Board (i.e – 9 years as a director, 1 year off, eligible for a further 9 years).  The proposed by-law amendment changes the eligibility requirement so that a person may only be considered for election if he or she has previously served as a director for less than 12 years at the time of the election, whether those years were consecutive or not. This encourages Board renewal, allows more members to apply to join our Board and is a standard best practice in the credit union industry. Note that: only time served on the Alterna Savings Board counts in calculating the 12-year limit, not time served on a predecessor credit union Board; and for a sitting director immediately prior to the 2019 AGM, the 12-year limit shall be calculated by adding the consecutive time served prior to the 2019 AGM and any time served thereafter.

Cast Your Vote!

If you are ready to vote, choose the voting button that applies to you:

  • Alterna Savings member? Use the Alterna Savings voting button and your Alterna member number
  • Member of both Alterna Savings and TME Savings? Use the Alterna Savings button and your Alterna member number
  • Member of TME Savings? Use the TME Savings button and your legacy TMECU member number



NOTICE:  Peterborough Community Savings members or former Nexus members who held a joint membership prior to the banking system conversion in May 2018 now have separate Alterna membership numbers. Only the account under which a membership share appears may be used to vote. Consult your statement or your online banking account to determine if you are a shareholder.