2022 63rd Annual General Meeting

Community First Credit Union is a member owned organisation. As a member, you are encouraged to attend the Annual General Meeting (AGM) to catch up with the past year’s performance; to listen to plans for the future; to have your say and to vote on any matter on the Agenda. 

The business at hand

In accordance with the Constitution of Community First three Directors, being Jacki Johnson, Stuart Korchinski and Stephen Lowndes will retire this year, and being eligible for re-election, intend to stand again. Should you wish to nominate someone for a position on the Board, an official nomination form can be obtained by contacting Community First Direct on 1300 13 22 77. All nominations must be received by the Returning Officer at the address shown on the nomination form by 4.00pm Friday 12 August 2022. If there are more than three nominations, a postal ballot will be conducted, otherwise the current directors will be re-elected.

The Banking Act and the related Fit and Proper Australian Prudential Standard, requires that directors or potential directors of an Authorised Deposit-Taking Institution, of which Community First is one, be subject to a “Fit and Proper Person” test. This includes conducting checks with the Australian Federal Police, Bankruptcy Registers, the ASIC Register of Banned and Disqualified Persons and be eligible to be registered and approved as an accountable person with APRA and under any relevant prudential standard. The standards also require that a director of an Authorised Deposit-Taking Institution must have appropriate skills, experience and knowledge and must act with honesty and integrity. The Board Nominations Committee, whose role is to review nominees for the position of Director and advise members of the suitability of the nominee to fulfil the role of Director of Community First, will interview candidates for the election of directors, including the retiring directors, to verify their claimed knowledge and experience to ensure they have the necessary skills for the role and
to establish a view as to whether or not they will be considered suitable for election as directors.

Further information

The official notice of Community First’s AGM will be sent to members who have opted in to receive personal notice and will be advertised in the Public Notices section of The Sydney Morning Herald at least 21 days prior to the AGM. The notice will also be displayed in each of our Financial Services Stores and available from our website: communityfirst.com.au/2022AGM. Copies of Financial Statements and the Report of the Directors will be available at each of our Financial Services Stores from no later than 21 October 2022.

Members can elect to receive meeting related documents or Annual Reports in hard copies or electronically at any time or elect not to receive Annual Reports.

Attendance at AGM

Attendance at the AGM and other meetings of members of Community First enables members to:

- Participate in the governance of Community First;
- Discuss any proposal you would like the Directors to consider in the future for Community First.
- Ask the auditor questions about the conduct of the audit and about the preparation and content of the auditor’s report.

You have the option of appointing a proxy to vote on your behalf at this meeting. Your proxy can be a person specifically named by you or can be the Chairperson of the meeting, as stated by you on the proxy form. You may request a proxy form on the coupon in this newsletter.

Details for your diary
63rd Annual General Meeting

Place: Community First Credit Union
67-73 St Hilliers Road, Auburn (entrance via Hall Street)

Date: Thursday 17 November 2022
Start times and registration times will be on our website soon.

RSVP: If you plan to attend, please contact Community First Direct on 1300 13 22 77 by 4 November 2022

If you are a member over the age of 18 and a current member shareholder, you are eligible to vote at the AGM.

Community First Credit Union LimitedABN 80 087 649 938 | AFSL and Australian credit licence 231204 | BSB 512-170