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Issue 5: October 27, 2020

In this Issue

Directors' Forum News & Updates


DF Holds a Successful Virtual Forum

On October 16, we held our first ever Virtual Forum, which replaced the in-person conference set to take place the same day. 70 delegates participated in the 1 hour, 45 minute session which included a panel discussion on “Adapting to System Challenges and Opportunities.” 

The panel, made up of Mehrdad Rastan from the Financial Services Regulatory Authority of Ontario, Bill Kiss, from Central 1 and Korinne Collins from the Canadian Credit Union Association, shared how their organizations are adapting to meet system needs and provided some insight on what Directors need to be doing to adapt as well.

Following a short networking break during which delegates were divided into breakout rooms based on topics they had pre-selected, there was a moderated thirty minute Q&A session with the panel. For those who were unable to attend, both the recording, PowerPoints and one-page summary from the panel session are available for download.

DF Chair Anthony Piscitelli then shared an update on the latest news from the Directors’ Forum (see our exciting announcement below!) before ending the session with a fun trivia quiz. Delegates were asked to log into and participated in a six-question quiz on credit unions around the world. The winner, Andrew Escobar, won a $50 donation from the DF to a local charity or business of his choice. He chose Casey House, a hospital in Toronto, Ontario, Canada that specializes in HIV/AIDS care and also provides home care and outreach programs.

Thank you to all those who joined us on the 16th and to our awesome speakers! in lieu of gifts, the DF made a donation to the Dorothy Watson CYL Bursary, in support of the Co-operative Young Leaders program. 

A Special Announcement

As part of the Virtual Forum, Piscitelli shared the exciting news that on October 2, the Directors’ Forum officially became incorporated as a Not-for-Profit co-operative, now called the Directors’ Forum Co-operative Inc.! The news was met with many congratulations from the delegates as visible on the Chat Box feature.

Piscitelli also explained how this initiative was a large part of the reason that the Executive cancelled the 2020 Annual General Meeting, as the By-laws are in the process of being developed, and there was still a lot of work to be done prior to hosting the first AGM of the new co-operative entity. The AGM is scheduled as part of (what will hopefully be) the next in-person conference, on Friday, October 15, 2021.

Mark Your Calendars!

The next in-person conference is scheduled for October 14 – 16, 2021 at the Hilton Mississauga/Meadowvale. The Board will be monitoring the situation in the months and weeks leading up to the event, as well as making plans for all necessary precautions and regulations, as mandated by the Government, should a gathering be permitted. Stay tuned for more information in the coming months, but in the meantime, please save the dates in your calendars!

November 2020 Virtual Session

Please join us for the next virtual session, “Before Technology: The Importance of Open Banking,” taking place on November 10, 2020 from 12 – 1pm EST.

This scene-setting session will be facilitated by Tanya Gracie (DF Vice-Chair) with speakers Paula Pereira and Abraham Tachjian of Central 1 Credit Union, and take a systems-approach exploring the business challenges and solutions that will bring open banking to life. This session also will lay the groundwork for future considerations as Central 1 together with credit unions, collaborate and create an ecosystem that meets future expectations and realities.

This session is free to all Ontario system directors, but registration is required to attend. The deadline to register is 10am on November 10.

Visit us online to learn more about the different sessions we have planned through to June 2021.

Recognizing Our 2020 Sponsors

Once again, we would like to take this opportunity to thank all the organizations who are supporting the Virtual Governance Series throughout 2020 and 2021. Their generosity during these challenging times is enabling us to produce and execute high quality content on topics that are both relevant, valuable and accessible to Ontario system directors.
Please take a moment to view this brief presentation in recognition of our sponsors.
Directors' Corner

Save the Date - CCUA Path Forward Survey Results

Join CCUA on November 19 from 3 – 4pm EST for an in-depth look at the results from the Path Forward Survey which was distributed to credit union system leaders this summer. The survey was designed to assess attitudes and plans for the future in light of the current COVID-19 pandemic, and to understand the impact and implications for the system, individual credit unions and your members.

Jim Barns from BMAI Strategy will present the strategic themes that emerged as well as system challenges, opportunities and priorities. Register here.

Click logo for information on Cusource and CUDA Director Training!
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For any inquiries, please contact Audrey Aczel, DF Manager at #1.888.745.5521 x. 24 or via email to
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