Non-Executive Director

Job Category: Board Director
Job Type: Full Time
Job Status: Fixed-Term


As a credit union authorised to operate by the Prudential Regulation Authority and Financial Conduct Authority, we provide essential savings and lending services within the Stockport borough.

We help people access better rates of finance, move away from payday lenders and loan sharks, and encourage financial literacy and improve their financial management.

We’re a mutual co-operative operating in the financial services sector, meaning that our organisation is owned by the members and a board is appointed to govern the business on their behalf.

The role is a voluntary based position, ideal to support the development of anyone who would like to gain experience of working with a Board of Directors to share their skills, knowledge and experience and add value to a developing financial services business. Travel expenses will be paid.



As a Non-executive director, you’ll be responsible for helping set the strategy of the organisation, monitor our performance against the business plan, and support/challenge the Chief Executive and the board through your own areas of expertise.

You’ll be an experienced individual responsible for providing independent thought and judgment at all times to assist the board to make collective decisions that are in the members’ best interests.

Building relationships across the board, the staff and operations, and potentially within the industry and local community partners is core to the role.

The purpose of this role is to:

  1. Set policy, develop the Credit Union’s strategic and tactical plans
  2. Ensure that the Credit Union operates within the law
  3. Ensure that the Credit Union is maintained in a sound financial condition
  4. Review the Credit Union’s mission, long term objectives and strategies through a comprehensive business planning cycle
  5. Communicate with members in order to inform the business planning process and provide feedback to members 
  6. Review the progress of the Credit Union towards its business plan objectives
  7. Evaluate the services that the Credit Union provides
  8. Report to the members at the Annual General Meeting and at appropriate opportunities throughout the year.


  • Previous experience at Director level preferred
  • Commitment to the 2-3 days per month time to carry out the role
  • An understanding of credit unions/financial services and their regulatory and operating environment a distinct advantage
  • We are particularly looking for skills in: HR Director, IT and Systems Transformation (financial services an advantage), Secretary (admin, regulatory filings, board minutes)


  • Work with the Chief Executive, management and other board members to develop objectives and goals for the Credit Union
  • Ensure that the Credit Union complies with the law, regulations, the rules of Stockport Credit Union and any requirements set by our member body ABCUL
  • Ensure that the Credit Union is in a sound financial position, and that the Credit Union’s assets are protected against unauthorised or illegal tasks. Designate signatures for signing cheques, authorise borrowing, set investment policies and provide for appropriate insurance cover
  • Establish polices or make sure that they are established, and approve them for all Credit Union activities
  • Ensure that new products and services are developed in line with member needs
  • Approve the Credit Union’s budget on an annual basis and monitor progress throughout the year
  • Hire the Chief Executive Officer, define his/her job description, and review his/her progress in the job, in attaining the Credit Union’s goals and objectives.
  • Attend Board meetings and any sub-committee meetings as required. Exercise judgement independently from the Chief Executive, and report to the members at the Annual General Meeting
  • Work with management on finding solutions to credit unions with problems.  
  • Provide management with up-to-date intelligence from their region/nation regarding the activities of agencies, credit unions with problems etc
  • Attending meetings on behalf of the Credit Union.  This might include for example sitting on a Regional Co-operative and Mutual Council.  These will always be agreed via the Chief Executive.
  • Attending national and international events on behalf of the Credit Union as requested by the Board
  • Attending AGMs, launch of new offices etc of member credit unions where appropriate
  • Notifying management of any issues arising out of forum meetings, meetings with individual members that may have an impact on the delivery of the Credit Union’s service
  • Directors should attend wherever possible each forum within their remit or submit a written report on their relevant activities.

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