Notice of Meeting

Notice of Meeting Members of Niverville Credit Union Limited (the "Credit Union")

TO:  ALL MEMBERS OF THE CREDIT UNION

TAKE NOTICE THAT the Annual General Meeting of the Members of the Credit Union will be held at 7:00pm on Monday, the 23^rd  day of January, 2023, at Niverville Heritage Centre in Niverville, Manitoba for the following purposes:

1. To consider the annual report of the directors,
   the financial statements and the auditor’s report;
2. To appoint an auditor;
3. To elect directors;
4. To adopt a Special Resolution amending the Articles of Incorporation and By-Laws; and
5. Other business.
   

Background to the Amendments

It has become necessary to update the Credit Union’s Articles and By-Laws in view of pending regulatory changes.  The amendments are such that it would be efficient to Restate the Articles of Incorporation in accordance with the recently amended Credit Union and Caisses Populaires Act.

In view of the foregoing, the Board of Directors has determined that it would be in the best interest of the Members if the amendments to the Articles and By-Laws, and Restated Articles of the Credit Union were adopted.

Copies of the Articles of Amendment and By-Laws, and Restated Articles of Incorporation, are available at either branch.  Please see a staff member for details.

Text of the Proposed Special Resolutions

1)    BE IT RESOLVED that the Articles of the Credit Union be amended in accordance with the amendment previously made available to the members, and that any one officer or director be and is hereby authorized to file the articles of amendment and any such other documents as may be required to give effect to this resolution;

2)    BE IT RESOLVED THAT the By-laws of the Credit Union be amended to create Restated By-laws in accordance with the amendments previously made available to the members, and that any one officer or director be and is hereby authorized to sign the restated By-laws and bring them into effect as the By-laws of the Credit Union, and to sign any such other documents and take any such other action as may be required to give effect to this resolution;

DATED November 23, 2022

NIVERVILLE CREDIT UNION LIMITED

By Order of the Board of Directors