CEO and Board of Directors
With key board and senior management announcements, the structure of the credit union that will emerge from the amalgamation of Catalyst and Vanguard is coming into focus.
Guy Huberdeau, previously the chair of Vanguard’s board, will chair the new board, while Ron Hedley, Catalyst’s current CEO, has been appointed CEO of the new credit union.
Hedley served as General Manager of Strathclair Credit Union, starting in 1990, before moving on to become CEO of Dauphin Plains and Catalyst credit unions. During that time, he has dedicated his time and expertise to many, and various, community development initiatives.
Catalyst board chair, Richard Dereniwski, worked closely with Hedley through many major projects, including the 2013 amalgamation that created Catalyst. “I have tremendous respect for Ron as a leader and as a person. I’ve seen how well he mobilizes people toward common goals.”
Huberdeau added that, as the new credit union will be about sustainable existence, member service, and culture preservation, Hedley will serve the credit union well. “Ron has lived those values over his many years in our system, and we are highly confident in his ability to lead our new credit union.”
Huberdeau, a retired farmer from St. Lazare, has been a member of the Vanguard Credit Union board since 1999 and its chair since 2005.
He was elected chair by his peers on the amalgamated board: Mike Csversko of Dauphin, Richard Dereniwski of Roblin, Margaret Hodgson of Birtle, Paul Orsak of Binscarth, Albert Paziuk of Ethelbert, Garry Smart of Brandon and Gerald Stuart of Roblin. The amalgamated board was announced shortly after the credit unions’ members voted overwhelmingly in favour of the proposal, in November.
“From the time we started our amalgamation discussions I was very impressed with Guy’s understanding of the business and of the issues facing credit unions,” Hedley said. “I’m looking forward to a very positive, productive relationship.”
The new credit union, which launches April 1 and whose name is currently the subject of a contest, will combine the assets, memberships, branch networks, staff and technology of Catalyst and Vanguard to create a new credit union with $1 billion in assets, 30,000 members, branches in 18 communities, and 171 employees. It will be the ninth credit union in the province to surpass $1 billion in assets.
Congratulations, members voted yes!
On November 21, members of Catalyst and Vanguard Credit Unions said Yes! to MORE by voting in favour of amalgamation.