Notice of Special Meeting of Members

Valley Credit Union Limited

A Special Meeting of Members of Valley Credit Union will be held Thursday the 25^th of April  at 6:00 PM at the Waterville and District Fire Hall.

This meeting has been called in accordance with section 67 of the Credit Union Act (the “Act”) to consider a Special Resolution approved by the Board and relating to the following:

After careful consideration, the Board of Valley Credit Union Limited (the “Credit Union” or "VCU") passed a Board Resolution on February 27, 2024 proposing to amend the By-Laws of the Credit Union as follows:

A1.02  The Board of VCU may refuse to accept any application for membership if they are satisfied that it is not in the interest of VCI to accept the application.

To be replaced with:

A1.02  The Board of VCU or its designate may refuse to accept any application for membership if they are satisfied that it is not in the interest of VCU to accept the application.

A2.01  The Board of VCU may terminate the membership or associate status of individual(s), corporation or association in accordance with s59 of the Act.

To be replaced with:

A2.01  The Board of VCU or its designate may terminate the membership or associate status of individual(s), corporation or association in accordance with s59 of the Act.

This is to further advise that every Member has the right to dissent to the proposed Resolution in the manner fully described in the Act.

We encourage all Members to participate in this important meeting.

Andrea Martin, Chair
Board of Directors