Board of Directors

Ladysmith & District Credit Union's Board is made up of elected members who live within our community. As a Credit Union the Board is accountable to our members. The Board's mandate is to focus on the strategic direction of the Credit Union. If you have a professional or business background and previous board experience, and would like to contribute to the continued growth and service excellence offered by Ladysmith & District Credit Union please contact us. Elections for directors are held once a year at our Annual General Meeting

Current Board Members

Elaine Layman - President Expand/Collapse

Elaine Layman

Elaine joined the Credit Union in 1992 when she and her family first moved to Ladysmith. Elaine is a Chartered Professional Accountant and owns and operates The Layman Group, a full service accounting and financial planning company in Ladysmith. Elaine has been active in the Ladysmith community for many years; she has previous experience serving on boards as she was the President of the Ladysmith Resource Centre and the Ladysmith Chamber of Commerce for several years. Elaine was appointed to the Credit Union Board in the fall of 2009 and has served as Vice-President of the Board and Chairperson of the Audit committee. In addition, she has served on the Governance, Management, and Bursary committees. Elaine is a graduate of the Credit Union Director Achievement Program, and has her Accredited Canadian Credit Union Director (ACCUD) and Canadian Credit Union Director (CCD) degrees. She has also attained the prestigious Institute of Corporate Directors designation (ICD.D).

Ross Davis - Vice-President Expand/Collapse

Ross Davis

Ross was born and raised in Ladysmith, and has been associated with the Credit Union since the early 60's. He was appointed as a director in 2012. Until his retirement, Ross was the Manager of Millstores/Purchasing for the Crofton Division of Paper Excellence and had been with them for over 37 years. His interests include travel and camping with family and friends. He also joined Station 29 Ladysmith, Royal Canadian Marine Search and Rescue (RCM-SAR) and has now accepted the Deputy Station Leader position. Ross has a Business Administration Certificate from UVIC and sits on the Town of Ladysmith's Liquid Waste Management Committee. Ross is Chairperson for the Conduct Review and Audit Committees, and sits on the Investment and Lending, and Nomination Committees. Ross is a graduate of the Credit Union Director Achievement Program and is an Accredited Canadian Credit Union Director.

Tim Richards - Secretary Expand/Collapse

Tim Richards

Tim has lived in Ladysmith since 2000, and joined the Board of Directors at the annual general meeting in April of 2005. Tim's involvement with the Credit Union system has roots from his childhood, as his father was the manager of the Dogwood Credit Union for many years. Tim has a background in public sector management and has operated his own parks and recreation consulting business since 1980. He has been instrumental in the construction and upgrading of several parks in Ladysmith in a consulting role, and currently serves as Chair of the Parks, Recreation and Culture Advisory Committee to Town Council. He has served on the Management committee, as the Recording Secretary of the Board, and was Chairperson of the Investment and Lending Committee. In addition, Tim is a graduate of the Credit Union Director Achievement Program.

Rob Viala - Director Expand/Collapse

Rob Viala

Rob has been a member of the Credit Union since 1972; he joined the Board as a trainee in the fall of 1990 and was then elected to the Board in 1991. Rob worked at Western Forest Products in Chemainus as an accredited Red Seal millwright and crew lead hand. In his retirement, Rob is enjoying traveling, fly fishing, and the outdoors. During his time at the Chemainus Sawmill, Rob served for many years as Chairperson of the Chemainus Mutual Benefit Association, a co-operative insurance society. In years past, Rob helped many youth in our community learn about forestry and develop outdoor skills as a leader of the Junior Forest Wardens. He currently serves on the Conduct Review Committee, and is the Chairperson of the Governance Committee. Rob is a graduate of the Credit Union Director Achievement Program.

David O'Connor - Director Expand/Collapse

David O'Connor

David has lived in Ladysmith since 1985 and raised his family here with his wife Terrena. He joined the Credit Union in 1995 and became a board member in 2010. David is self-employed as a lawyer and has practiced in Ladysmith his entire career spanning over 30 years. David has a strong commitment to community values which, together with his legal expertise, makes him well suited to serve on the Board. David has served on LDCU's Audit, Governance, Nomination, Investment and Lending, Bursary, and Conduct Review Committees. Dave is also a graduate of the Credit Union Director Achievement Program.


Gerry Clarke - Director Expand/Collapse

Gerry Clarke

Gerry has lived in Ladysmith since 1988 and joined LDCU shortly thereafter. Gerry has been active in the Ladysmith community for many years. He joined the Ladysmith Eagles club in 1995 and served on their Board for more than twenty years, serving two terms as President of Ladysmith Eagles. He also served on the Town of Ladysmith Advisory Planning Commission, serving two years as Chairman. Gerry established G.R. Clarke Contracting Ltd. twenty years ago and is a ticketed Red Seal Carpenter. He has been married to Erica for thirty years and they have three children. His many hobbies include antique automobiles, automotive swap meets, and yard work. In addition, he enjoys travelling and spending time with family. Gerry is also a graduate of the Credit Union Director Achievement Program.

Carol Warkentin - Director Expand/Collapse

Carol Warkentin

Carol moved to Ladysmith in 1983, and has been here since, raising her three children and now enjoying her grandchildren in this great community. After moving here and purchasing her first home in 1985 she has continued to be a member of the Ladysmith District Credit Union, grateful to have chosen a financial institution that assisted her with the purchase of her first home, during a time when rates were very high and employment was scarce. Believing that "giving back to community" is one of her core values, Carol has been, and continues to be, a member of different service groups and committees, such as the Fraternal Order of Eagles, Ladysmith Rotary, and the Ladysmith Ambassadors throughout the years.

Carol's passion and enthusiasm for real estate led her to becoming a licensed real estate agent in 2010. Prior to becoming a realtor, she worked for a local oil company for seventeen years, and during this time she also was, (and continues to be), heavily involved in the business of building and developing land, as a Licensed Builder and Developer.

In Carol's spare time she enjoys travelling and exploring different places in the world, spending time with her children/grandchildren, along with camping and fishing.