Board Of Directors


The Board of Directors has accepted nominations from the following Members to stand for election at the Annual General Meeting on April 18, 2017.

In accordance with YNCU's by-laws, nominations were closed January 13, 2017. An election will be held for 2 positions in Northern Ontario and 2 positions in Southern Ontario; Nominations have been accepted from Christine Coccimiglio and Terry Ragnitz for two (2) positions in Northern Ontario. There being two candidates for two positions, the candidates will be acclaimed.  Nominations have been accepted from Frank Burgund, Jim Morton, and Kenneth Walsh for two (2) positions in Southern Ontario. As the duly qualified and properly nominated members are greater than the number of vacancies to be filled an election will be held.

Each position is for a 3-year term. A brief biography of each candidate follows.

(E) signifies that the candidate is endorsed by the AGM and Nominating Committee.
Endorsement is a way to let members know which candidates have the skills, experience and behavioural competencies needed to oversee YNCU on behalf of its members. Each year the Board evaluates its current composition and skill set and identifies any critical skills, experience or expertise that would be beneficial to attract to the Board given changes to our market and our evolving strategic direction. The AGM and Nominating Committee then seeks candidates with those attributes.

Southern Region Candidates

Frank Burgund (E) Expand/Collapse

Frank has completed his fifth term on the Board of Directors of YNCU. Born in Germany, he immigrated to Canada in 1958 with his bride. Frank is married with three children and three grandchildren.

Frank brings to the Board a lifetime of experience. A retired contractor, he operated his own mechanical contracting business for 37 years and was President of KW Mechanical Contractors Association for 4 years. Frank spent many years as a member of his church council as well as committing the past 36 years to parish work. He has also served as Board Chairman and Treasurer for Birthright Kitchener. For the past 10 years Frank has worked as a mentor and host to numerous international students through the Muskoka Language Institute.

On our Board Frank has held positions as Board Vice-Chair and Corporate Secretary. He has also been a member of the Executive, Governance, Nominating, Member Relations and Audit Committees.

In 2009, he was tested and competently demonstrated the necessary requirements to be an Accredited Canadian Credit Union Director (Credit Union Institute of Canada and Dalhousie University). He is only one of three directors on our Board with this certification. Frank has always been a strong proponent for lifelong learning and he regularly devotes time taking courses, maintaining his Accredited Director designation and keeping his knowledge base current in the ever changing financial industry.

Frank is proud of Your Neighbourhood Credit Union’s success and asks you to help him to continue making his dedicated contribution to our enterprise.

Jim Morton Expand/Collapse

I would like to introduce myself. My name is Jim Morton and I am a retired employee of 33 years for the Thames Valley District School Board. I have served as a board director for the last 16 years and have been a member and a strong supporter of the credit union movement for the last 36 years in the London area and would like very much to serve another term as Board Director for Your Neighbourhood Credit Union.

It has been my personal goal to help build and keep Your Neighbourhood Credit Union in a strong financial position where your money and mine will be safe and a place where we can borrow money at competitive rates. I am passionate about preserving the co-operative principles that will contribute to the continued success of our credit union. Besides having a passion for the credit union system, I am a strong believer in giving back to the community that we live and work in. I will dedicate my time and stay true to our credit union values, work to enhance benefits for our members and support our talented and dedicated staff.

I feel my board of director experience qualifies me for the challenges that lay ahead.

I sincerely thank you for your support these past several years and request your vote for another term on the board.

Ken Walsh (E) Expand/Collapse

During the almost 30 years that my wife, Marjorie, and I have lived in London, we’ve actively participated in many of the cultural and social attractions that London offers. We’ve raised our family here, built our careers here and we look forward to enjoying an active retirement here. As a professional engineer with additional certification in financial management, I spent the majority of my career (28 years) working for London Hydro, and I retired in May 2016. For the last 16 years, I held the position of Chief Engineer and VP of Operations, an executive position responsible for all aspects of engineering, operations, and health and safety within the company. Central to my position were financial management and ensuring service reliability and customer satisfaction. One of my favourite challenges was working with corporate teams to integrate new technologies into the legacy distribution system to enhance customer care options, such as mobile apps to monitor service interruptions. I remain active in the electric industry and am currently consulting for a local engineering company. I have extensive experience operating at the Board level and have served on both the London Civic Employees Credit union and its successor, Boomerang. As a Board Member I will focus on three areas:

  • Governance – to maintain customer confidence in Board oversight,
  • Innovation – to expand and enhance customer choice for service offerings and delivery options, and
  • Growth Opportunities – to maintain competitive service costs and explore prudent investment options.

Northern Region Candidates

Christine Coccimiglio (E) Expand/Collapse

My name is Christine Coccimiglio, and I am a member of the Your Neighborhood Credit Union Community First Credit Union family. For the past three years I have had the honour and responsibility of serving the members, the first two as a board member of CFCU and the past year as a member of the amalgamated board representing YNCU and CFCU. I have learned so much, including participating in strategic planning, taking courses and serving on the audit and pension committees.

When I ran for the board in 2014, I mentioned that one of my strongest memories was my father taking me to the branch on John Street. I sat on the edge of the teller’s wicket while he did his financial transactions. Little did I know I was just starting my journey in learning financial prudence!

I recently retired from my position at the Ontario Lottery & Gaming Corporation. Retirement for me though does not mean stopping to work or contribute, but rather taking on different challenges. My experience as a CPA CMA has provided me with a sound business judgement, a strong ability to analyze problems, business decisions and opportunities. My strengths lie in communication and to challenge if I don’t understand, and or need other points of view in order to support a decision.

I wish to further the vision and expansion of our credit union to make it the strongest in the province and participate in its growth for the good of the members.

Terry Ragnitz (E) Expand/Collapse

I am excited and honoured to be nominated to serve as a Director for Your Neighbourhood Credit Union. Having served as a Director for Community First Credit Union prior to the merger, I understand the importance of this role and can bring value and knowledge in many different areas. The credit union system is going to see continued changes going forward, which I realize is important to the continued success of YNCU. I also understand and have practiced the principles and values of the credit union system.

I have served for eight years on the Sault Area Hospital Foundation board which has allowed me to gain extensive knowledge of governance and the fiduciary responsibilities of a board member. As well, I worked at Community First Credit Union for 38 years, retiring in December 2014 and will bring that valuable experience to the Board of YNCU. I would also like to mention that I was very instrumental in developing the wealth management department at CFCU, which grew to over $100 million in assets, being in the top quartile of credit union wealth management departments in Canada.

I am happily married to Joachim who works as a denturist, with his practice located in Elliot Lake. We have 3 daughters and 4 grandchildren. We love to vacation at our place in Sarasota Florida and spend time enjoying our waterfront home during the summer months.

Thank you for the opportunity to submit my name for this important role and I look forward to hearing from you.

While management is responsible for the day-to-day operation of Your Neighbourhood Credit Union (YNCU), the Board of Directors (Board) of YNCU bears ultimate fiduciary responsibility, protecting its members’ rights and financial assets and setting YNCU’s risk appetite. YNCU is a complex, regulated and important financial institution with a duty to safeguard the interest of its members.

Being a director demands a significant investment of time, energy and expertise. It is also a tremendous opportunity to contribute to the success of the credit union.

Composition of YNCU’s Board

YNCU’s Board is currently composed of 13 directors, seven from our trading areas in Southwestern Ontario and six from our trading areas in Northern Ontario. For the next three years, if a vacancy occurs on the Board, the vacancy will be filled with a qualified person who resides within the same trading area (either Southwestern Ontario or Northern Ontario) in which the director that vacated office resided or continues to reside, and who has been nominated by the membership.

Each director will be elected/acclaimed for a three-year term or until their successors in office are elected or appointed. The Board may determine from time to time, that the term of one or more directors to be elected to the Board will be less than 3 years, if the Board’s purpose for doing so is to attempt to achieve an orderly rotation of directors.


Generally, we’re looking for directors with a broad range of business knowledge and depth of experience, alignment with the cooperative principles and values of the credit union system, and strategic and innovative thinking.


If after reading this Nominations and Election Package, you have any questions or concerns about the nominations and election process, please do not hesitate to contact:

John Haines, Chair
YNCU Board of Directors

Board Roles and Relationships

Credit Unions are regulated by provincial legislation, ( and each undergoes audits and annual inspections to ensure strict adherence to sound financial practices. The Board of Directors represent the interests of the members, sets policy and overall strategy of the credit union, while qualified staff maintain the hands-on responsibility for the day-to-day operations.

Joining the Board

Each board member is usually elected for a three-year term. Nominations are received prior to the fiscal year end and both nominators and nominees must be a member of YNCU in good standing for a minimum of one year and be at least 18 years old. If you're interested in seeking election to the Board of Directors, please contact the Chair at boardofdirectors {at} yncu {dot} com

Board Elections and Annual Meeting

Elections of the Board of Directors generally take place at the credit union’s annual meeting. Not only a forum for elections, the annual meeting provides an opportunity for the Board to report to members on the activities of the credit union over the past year. Members have an opportunity to discuss matters of concern and can vote on policy decisions and any proposed amendments to the bylaws of the credit union.

Director Training Program

Credit union Directors serve in a volunteer capacity. To help Directors serve members better, credit unions offer the Credit Union Director Achievement (CUDA) program. CUDA is a formal certificate program available from the Credit Union Institute of Canada, the national education training organization for the Canadian credit union system.


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