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About Big Sky
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Big Sky is a Credit Union that provides members with a different kind of banking. Big Sky is regulated under the same rigorous legislation as all financial institutions and is run on co-operative principles for the benefit of its members. Profits are used to benefit members in many forms including: lower interest rates on loans, a low cost fee structure, higher rates on deposits and personalised service.
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Board of Directors
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C W Wirth, B.Comm, FCPA (Chairman)
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Chairman of the Board since June 2001. Board Member since December 2000. Member of the Nominations Committee, member of the Governance Committee and member of the Executive Committee. Ex-officio member of all Board Committees.
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L E Coburn, B.Comm (Hons) FCPA
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Board member since September 2002. Member of the Audit and Risk Committee.
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P A MacCuspie, B.Sc (Hons), FAICD
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Former Chairman of BP Credit Union, appointed to the Board in September 2003. Member of the Nominations Committee, member of the Executive Committee and member of the Governance Committee.
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H L Thornton, B.Ec, ACA
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Board member since August 1999. Chairperson of the Governance Committee.
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G J Willcock, B.Comm, FCPA, F.Fin, GAICD, MAIM
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Board member since January 2006. Member of the Executive Committee.
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Evelyn Harris, B Ec LLB
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Appointed to the Board 26th March 2009. Member of the Governance Committee.
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Rebecca McGrath. B.Town Planning (Hons), M. App Sc (Project Mgt), MAICD, Member Chief Executive Women
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Appointed to the Board 30th April 2009. Member of the Audit & Risk Committee.
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The names of the Company Secretaries in office at the end of the year are:
A P Ryan, B.Bus(Acc), FCPA, AFAIM, F.Fin, FdnDFP, FAMI
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Current Chief Executive Officer of Big Sky Credit Union.
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M R McCall, B.Ec, ASA, MAMI
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Current Chief Financial Officer of Big Sky Credit Union.
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Performance
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Much has been written about the difficult and challenging economy we all endured this financial year as a result of the global financial crisis that became known as the GFC.
The final outcome for the financial year was a shortfall in revenue of $2.3million, below plan. This shortfall is essentially the result of our decision to support members throughout a very tough year. Big Sky was able to do this through sound cost management and prudential strength built over many years. Big Sky members clearly own a very strong, prudentially sound financial institution.
Big Sky grew total assets by 14% to $465.1 million and achieving an after tax profit of $3.015million compared to $3.808 million in 2007/2008. Members' equity in Big Sky has reached $38.1 million.
By any measure, this is a very solid financial performance underpineed by a strong risk weighted capital adequacy ratio of 15.91%, compared to the minimum prudential standard of 8%, and a sound high quality liquidity position of 14.75%/
Cannex, an independent research organisation, was again engaged to measure Big Sky's pricing value proposition for its members to ensure members are receiving genuine benefit by banking with Big Sky. Based on the research conducted by Cannex, it is pleasing to announce that Big Sky members have saved $3.3 million this last year by banking with Big Sky rather than one of the four major banks or St George.
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Click here to view or to recieve a copy of Big Sky's Annual Report.
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Board Charters & Policies
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 Board Renewal Policy
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Constitution
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Audit and Risk Committee - Terms of Reference
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Executive Committee - Terms of Reference
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Governance Committee - Terms of Reference
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Nominations Committee - Terms of Reference
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Related Information
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