BYE-LAWS are the written rules that regulate and govern the business of The Credit Union and are required by the Credit Union Act. BYE-LAWS are important as they ensure there is good governance and accountability of staff and board to the members of the Credit Union.
The BYE-LAWS must be approved by the membership. Credit Union members are asked to vote for or against all BYE-LAW amendments at the Annual General Meeting. If BYE-LAW changes are required prior to the Annual General Meeting, a special meeting of all members would be called to approve the BYE-LAW.