ABOUT CREDIT UNION NATIONAL BENEFITS – CUNB

ABOUT CREDIT UNION NATIONAL BENEFITS

CUNB helps organizations in the cooperative community support the health and well-being of their employees using collective knowledge, resources and scale.

Credit Union National Benefits (CUNB) has been dedicated to delivering the best and most comprehensive employee benefits solutions to cooperative organizations across Canada since 1973.

As the credit union and cooperative landscape has changed so has CUNB – adapting our model to deliver custom group benefit packages that help participating organizations of all sizes get the most value for their benefits spend today and over the long term.

When you join CUNB, you’ll get access to regional experts through our industry leading service partners who will support your benefits administration team and help you stay up-to-date on local legislation and market trends. They’ll also help ensure your plan is compliant and competitive within both the industry and your local market.

Watch our Why Join CUNB video

Our Board of Directors

CUNB is managed by a volunteer Board of Directors with the active participation of cooperative organizations of all sizes across Canada, putting Plan participants at the decision making table. The Board brings the accountability and voice of all Plan participants to the management of the plan.

The CUNB Board ensures the Plan continues to evolve to meet the needs of Plan participants. An annual independent analysis is conducted to ensure the Plan remains relevant, valued, marketable and price competitive. The Board also monitors and manages the relationships with our Service Partners to ensure service standards are met.

The CUNB Board is supported by the CUNB Executive Director and a team of industry leading Service Partners. Board members work as strong and active advocates on behalf of each Plan participant to ensure you get the most out of the plan. Plan participants can actively participate in CUNB decisions as a member of the Board of Directors. The board composition includes representatives from Peer Groups 1, 2, and 3 and the board seats are distributed as follows:

PEER GROUP 1
(Plan participants with
over 200 lives)

Each Plan participant is awarded one seat (if they would like a board seat).

Peer Group 1 Plan participants select their own representatives for appointment to the Board.

PEER GROUP 2
(Plan participants with
over 50–199 lives)

Plan Participants in this peer group can elect or acclaim representatives for appointment to the Board.

A maximum of three (3) Directors are elected or acclaimed in Peer Group 2.

PEER GROUP 3
(Plan participants with
less than 50 lives)

Plan Participants form these peer groups can elect or acclaim representatives for appointment to the Board.

A maximum of two (2) Directors are elected or acclaimed in Peer Group 3.

If you are interested in joining the Board of Directors, please contact the CUNB Executive Director.

View the Contacts section of this guide for a list of who to contact if you have questions or require additional information or support.