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​Tandia’s Richard Davies is Elected to Central 1 Board of Directors

April 16, 2021 (Burlington ON) 

Tandia is pleased to announce that Richard Davies, Tandia’s President and Chief Executive Officer (CEO) was recently elected to the Central 1 Credit Union (Central 1) Board of Directors for a three-year term. His term will begin following the conclusion of Central 1’s Annual General Meeting on April 23, 2021.

Central 1 is Tandia’s partner for financial, digital banking and payment products and services and they support more than 250 credit unions throughout Ontario and British Columbia. Central 1 is a complex, regulated and systematically important financial institution with a duty to safeguard the interest of its members and the system as a whole. Directors shape the organization’s strategic direction and ensure appropriate processes and controls are in place to identify, manage and monitor applicable risks. Being a Central 1 Director demands a significant investment in time, energy and expertise. It is also a tremendous opportunity to contribute to the success of the credit union system in Canada. 

Richard brings his extensive years of credit union senior leadership experience to this new role. He has been successfully leading Tandia as the President and CEO for seven years now and his credit union career has spanned 40 years in various roles including a combined 28 years as a CEO in Ontario and British Columbia. Central 1 relies on the collective knowledge, experience and skill of each Director and the Board for its effective governance and Richard was clearly a strong candidate in this regard. 

It is important that Directors have the appropriate competency requirements in order to fulfill their oversight responsibilities to Central 1 and its members and thereby, contribute to enhancing the credit union system. During his credit union career Richard has been actively involved in system committees, Peer Groups, Associations and has been a member of the Alliance of Large Ontario Credit Unions (ALOCU) since 2014.  With Richard’s education credentials, extensive experience with a variety of credit unions and his passion for the value and importance of co-operation, Richard brings a keen awareness and understanding of the issues facing credit unions in Ontario, as a voice at the table. In his nomination profile he stated, “I believe I have a solid understanding of the priorities and challenges of small, medium and large credit unions. With this knowledge I feel it is time to contribute to the ongoing success of Central 1 for the benefit of all credit unions, as we face accelerating and unrelenting change.” 

Nancy Di Gregorio, Chair of Tandia’s Board of Directors had this to say: “We are very proud of Richard’s election to the Central 1 Board. We are confident that his time and contributions to this role will benefit Tandia as well.” 

You can read more about Central 1’s Board of Directors Election on the central1.com website.

Congratulations Richard!

For more information, please contact:

Jane Morreale,

Manager, Communications
1.800.598.2891 ext. 1174
jane.morreale@tandia.com

Tandia Financial Credit Union is a cooperative financial institution with a vision to be the financial services provider of choice in its communities and a continued commitment to serve education and government employees in Ontario. Tandia partners alongside its members each and every day to help them build healthy and prosperous futures. With a branch network that extends from Brant County through Greater Hamilton, Halton and the GTA, Tandia serves 29,000 members and administers $1.6 billion in assets.