Historically, the Credit Union Incorporation
Act (the "CUIA") has restricted credit unions
from holding entirely electronic meetings of members, primarily due
to the requirement in the CUIA for meetings of members to be held
at a physical location.
That all changed in the wake of COVID-19, with temporary
measures introduced by the BC Government in the interest of the
health and safety of meeting participants, permitting for the
holding of entirely electronic meetings during the time period that
BC remained in a state of emergency.
Although COVID-19 may eventually be coming to an end, credit
unions will continue to enjoy the flexibility of electronic
meetings on a permanent basis, due to the BC legislature giving
royal assent to the Finance Statutes Amendment Act (No. 2),
2021 (the "FSAA") on May 20, 2021.
