Governance

Moya Financial’s values are the foundation of our culture, extending to how we do business.

As a cooperative organization, we believe in social responsibility, doing business with honesty and integrity, and in complying with legal and regulatory requirements. Our Board and executive leadership team set a strong, positive tone through a values-based Code of Conduct.

Board of Directors

Our Board has overall responsibility for the stewardship of Moya Financial and for ensuring that our credit union can successfully meet the challenges of the rapidly changing financial services industry and its growing regulatory requirements. Our Board always acts in the best interests of Moya Financial and our members. In performing its role, our Board establishes our vision, values, and strategy – making significant decisions that affect our credit union, monitoring risk and results, and regularly meeting in camera with and without management present. Directors are elected through a democratic process, with members voting in accordance with our bylaws.

Meet the Board of Directors

Jason Gorel is an interim Director/Audit Committee member of Moya Financial and served on the Krek Board (2011–15). He holds dual Slovenian and Canadian citizenship, was born in Canada, and lives in Etobicoke (near Browns Line). Jason is Senior Director, Finance at SmartCentres REIT, with $10 billion of Walmart-anchored shopping centres, and was CFO/Treasurer for Toronto Community Housing Corporation. He received a medal from the Queen for Board participation on the Hearing Foundation of Canada. Jason holds memberships in Slovenski Dom and the Canadian Slovenian Chamber of Commerce. He holds Chartered Professional Accountant, Chartered Financial Analyst, Director Education Program (Rotman), and other financial designations.

Peter brings an educational background that includes an Honours degree in economics and accounting from Wilfrid Laurier University in addition to the FLMI insurance/‌financial services industry designation and the Certified Fraud Examiner designation. His prior work experience includes a junior accountant role at Bateman MacKay Chartered Accountants while attending university. Since 2015 he has worked at one of the world’s largest reinsurance companies, Munich Re, overseeing all aspects of life and health insurance claims and providing expertise on financial claims matters. In his role as an Account Manager, his claim interventions directly save Munich Re and its clients millions of dollars per year. Peter is a graduate of Slovenska Sola at Brown’s Line and loves playing in the summer sports tournaments at Slovensko Letovisce. He hopes to continue the family tradition of serving on the Board of Moya Financial and helping promote growth through the next generation of Moya members.

Matt is a Vice President, Professional Engineer and Senior Project Manager with Burnside, an engineering consulting firm. He manages design and construction of over $200 million in projects annually. He has extensive experience managing finances, people, marketing, and business development. His family have been members of the SCU since it was founded; his uncle was the first chair of the Board. Matt has been a member for 25+ years. He was a previous junior director of SCU for four years and completed Level A CUDA® director accreditation. Matt volunteers at his church and mentors young students from the Slovenian community interested in engineering and environmental careers. Matt likes to hike, build things (carpentry), restore old vehicles with his Ata, catch up with friends at the Slovenian Summer Camp, listen to polka, and more. Our credit union has helped his family for generations. Matt wants to ensure we continue growing, engage our youth, and implement the technologies required to remain relevant so that the credit union is around for future generations.

John was a Board member of Krek Slovenian Credit Union, where he was Vice Chair (2008 to 2010) and was on the Strategic Planning, Human Resources, Budget, IT, Website Review, and Credit committees. He grew up in Hamilton and was part of the Slovenian community and his family business. He has over 20 years of management experience in the service and financial services industry. He has worked in Slovenia, the United States, the Caribbean, and Canada. He also brings additional Board experience gained through his work with Tourism Barrie. He holds a BA and an MBA and is currently a Professor of Marketing at Niagara College, with a focus on e-commerce, digital marketing, and social media. He has lived in Slovenia, speaks the language, and understands the culture, heritage, and legacy. He hopes to bring his experience in marketing and digital skills to help the credit union to continue to grow.

Margaret Zalar is a lawyer who has served as a director on the Krek board for 17 years and the Moya Financial board for five years. She practiced at top law and accounting firms and the Ontario Law Society. Her legal experience is in real estate, mortgages, estates, and estate administration. She investigated lawyers for misconduct, including mortgage fraud and theft of mortgage and es-tate funds. She is fluent in the Slovenian language and believes in preserving her Slovenian heritage by working for the continued success of Moya Financial. Her experience has prepared her well for the issues arising during Board meetings.

Mark brings over 40 years of professional experience, including financial reporting, account management, and sales administration. He served as a director on the Krek Slovenian Credit Union Board for 24 years and continued onto the Moya Financial Board for the last six years. In 2020/21, he served as Chair of the Audit & Risk Committee and is currently Chair of the Board. Mark previously held the Treasurer role for the Slovenian Linden Foundation (Dom Lipa) for 13 years. In his spare time, he enjoys golfing, as well as coaching youth hockey – he has volunteered with Applewood Hockey Association since 1995.

Director Elections

Are you interested in making a difference at Moya Financial?

Moya Financial is always interested in new Directors to join the Board. If you are qualified in a certain area that can benefit Moya, we encourage you to submit your name to the election of the Board of Directors in 2023. Any member of Moya Financial who is interested and meets the criteria can inquire and apply. Joining the Board of Directors is a great way to make a difference in the community.

For questions, please contact the Nominating and Member Relations Committee chair, Barbara Udovic, at barbara.udovic@moyafinancial.ca.

Past Election Results

The Board is excited to announce that Matt Paznar, John Sustersic and Mark Zizek were each elected by the membership to serve a three-year term on the Board of Directors of Moya Financial.

If you are qualified in a certain area that can benefit Moya Financial, and are able to fulfill all of the requirements outlined in the Director Candidacy Package, we strongly encourage you to submit your name to the election of the Board of Directors in 2023.

This year, there are 3 Board positions to fill. If you know a qualified member to nominate or if you would like to run for office and meet the candidacy requirements, the following dates and guidelines should be taken into consideration:

  • Nomination period: December 7, 2020 – January 8, 2021
  • Voting period: March 1 – 14, 2021

William (Bill) Stajan, a long-time Board member at Moya Financial and the former Slovenian Parishes Credit Union, announced his retirement from the Board. The Board thanked him for his 45 years of dedicated service to our credit union.

The nomination period for directors for this year’s director election is now closed. There were 6 candidates that submitted applications. Total ballots mailed were 4,298. The firm of MNP LLP tabulated the results based on 1,047 ballots received. Mr. Jason Gorel, Mr. Andrew Rovansek, and Ms. Margaret Zalar Sparling were elected for the term of 2021 to 2024.

This year, there are 4 Board positions to fill. If you know a qualified member to nominate or if you would like to run for office and meet the candidacy requirements, the following dates and guidelines should be taken into consideration:

  • Nomination period: December 9, 2019 – January 9, 2020
  • Voting period: February 14 – 28, 2020
There were no Director Candidate applications received from the membership for the 2020 Board of Directors elections, the four incumbents (Val Koncan, Barbara Udovic, Andrew Rovansek and Jim Ulcar) whose terms expire in 2020, have indicated that they will run for re-election for another term. The four incumbents are deemed to be acclaimed and will serve another three year term on the board.

This year, there are 4 Board positions to fill. If you know a qualified member to nominate or if you would like to run for office and meet the candidacy requirements, the following dates and guidelines should be taken into consideration:

  • Nomination period: December 7, 2018 – January 7, 2019
  • Voting period: February 27 – March 13, 2019
The nomination period for directors for this year’s director election is now closed. No nominations were received from the membership.  The four directors (Lori Cimerman, Paul Dolenc, David Mezic and Mark Zizek), whose terms expire in 2019, have indicated that they will run for re-election for another term. As there were no additional candidates for the 2019 Board of Directors elections, the four incumbents are deemed to be acclaimed and will serve another three year term on the board.

This year, there are 2 Board positions to fill. If you know a qualified member to nominate or if you would like to run for office and meet the candidacy requirements, the following dates and guidelines should be taken into consideration:

  • Nomination period: December 8, 2017 – January 8, 2018
  • Voting period: February 14 – February 28, 2018

Joe Levstik, a long-time Board member at Moya Financial and the former Krek Slovenian Credit Union, announced his retirement from the Board. The Board thanked him for his 22 years of dedicated service to our credit union.

The nomination period for directors for this year’s director election is now closed. There were 5 candidates that submitted applications. Total ballots mailed were 4,089. The firm of MNP LLP tabulated the results based on 774 ballots received. Mr. William Stajan and Ms. Margaret Zalar Sparling were elected for the term of 2018 to 2021.

Annual General Meeting

As a credit union member and part owner, you have a say.

By regulation and good governance, our 6th Annual General Meeting was held on Wednesday, March 23, 2022, at 7:00 PM via Zoom.

The purpose of the meeting is to discuss and present:

  • Chair of the Board & CEO Report
  • Financial Report
  • Credit Report
  • Audit & Risk Committee Report
  • External Auditor Report
  • Appointment of External Auditor
  • Results of Bylaw Amendments
  • Results of Director Elections

For more information, please send us an email at directors@moyafinancial.ca.

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