2018 Libro Governance Changes WorksheetAt the Special General Meeting on Saturday, October 13th at 11:30am the motion to approve changes to amend the bylaws to implement a new governance structure was adopted by the Owner Representatives.

The new structure will define proportionate Owner representation by Libro’s six operating regions, with a ratio of one Owner Representative per 1,000 Owners. Operating regions with a greater number of Owners will be divided into multiple governance regions by clustering branches together. The new structure will operate with 10 governance regions with the option to add further governance regions as Libro’s ownership grows.

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Owner Representatives

Owner Representatives are Libro ambassadors who advise, inform and guide our Credit Union through electing the Board of Directors, selecting community investment opportunities and carrying the voting rights of their branch ownership to the Annual General Meeting.

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Board of Directors

The Board of Directors at Libro ensures our Owners continue to be placed first in all that we do by creating a long-term sustainable plan, maintaining effective risk oversight, supporting a world-class governance structure and engaging leadership to lead dedicated staff teams.

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Nominations & Elections

Each November Owners elect, by ballot or through acclamation, Owner Representatives at each Libro branch to begin a term the following January. These passionate individuals in turn elect our Board of Directors on behalf of all Owners at Libro’s Annual General Meeting.

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At Libro you're an Owner.

Governance is the process for defining expectations and oversight of an organization and its management. At Libro, governance describes the function of our Owner-elected Branch Representatives and our Board of Directors, the people to whom our Executive Leadership Team reports. Everyone at Libro answers to the people who own Libro - our customers, called Owners. And that's what makes choosing Libro a very different experience.

Governance at Libro...what's in it for me?


It is always rewarding to have your voice requested by the decision makers - be it the CEO, a board member, branch manager, or branch staff, but most rewarding is interacting with fellow Libro owners. Sharing in their pride of ownership and understanding of the value of the co-operative movement.

Jeff McCallum


Meet, share and learn with individuals who are passionate about a local financial institution building prosperity for all of its Owners, while working towards a better southwestern Ontario for all.

Community Involvement

Help your local community grow and prosper through the Libro Prosperity Fund and play a key role in determining where and how Libro invests in your neighbourhood. When our communities win, we all win!

Personal Growth

Benefit from valuable training and experience as a Libro Owner Representative that will prepare you to serve in other community positions and roles, and on boards and committees in the non-for-profit sector.