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Preliminary Notice of Annual General Meeting

26 July 2020

Preliminary Notice of Annual General Meeting


The 54th Coastline Credit Union Ltd Annual General Meeting will be held at the Kempsey Macleay RSL Club on Thursday, 19 November 2020 at 6.00pm.

Call for Director Nominations

In accordance with the Constitution of Coastline Credit Union (the Credit Union), the term of office of Director Vanessa McNeilly ends at the end of the 2020 Annual General Meeting.

Notice is hereby given that nominations are called for two (2) Director positions that will become vacant.

Vanessa McNeilly is eligible for re-election if she continues to meet the eligibility requirements of the Constitution and has indicated her intent to nominate for re-election.

Should the total number of nominations exceed the number of vacancies, Members of the Credit Union will be invited to participate in an election via electronic or postal ballot.

Members who are considering nominating should be aware of the significant statutory responsibilities and necessary time commitment required to act in the office of Director.

To nominate, a candidate must be eligible for election under Clause 46 (Qualification) of the Credit Union’s Constitution, be nominated by two (2) Members, and consent to the nomination.

In accordance with APRA’s Prudential Standard CPS 520 Fit and Proper, all nominees must be assessed as having the required fitness and propriety to hold the position of Director.  Nominees will be required to provide a Statutory Declaration and Consent Form allowing the Returning Officer to collect the necessary personal information to make this assessment.

The Board is pursuing a candidate who can provide significant enhancement to the diversity of the Board of Directors and have experience in: 

  • Identifying, assessing, and controlling threats to an organisation’s capital and earnings;
  • Cultivating a positive reputation with the public through various communications, including traditional media, social media and in person engagements: and
  • Successful business adaptation and changing services delivery in a digital environment, preferably in the authorised deposit taking (ADI) sector.

The forms and information required to nominate are available through the Registered Office located at 64 Elbow Street, West Kempsey or by contacting the Company Secretary on 02 6562 0103.  The forms must be completed in full for each nomination and forwarded to:

The Returning Officer

Coastline Credit Union Limited

PO Box 3119, WEST KEMPSEY NSW 2440

Nominations must be received at the above address by no later than 5.00pm on Thursday, 27 August 2020.

By Order of the Board

Peter Townsend

Company Secretary

23 July 2020