Otto Penner

FirstOntario’s current Board Chair, Otto Penner bringsstrong people and leadership skills to the Credit Union.In the global finance environment of today, your Credit Union requires knowledgeable, strong Directors to be leaders into the future. Otto is a retiree and former Area Manager of the General Motors of Canada, giving him the knowledge of working with people from varied experiences and backgrounds. This experience allows him the benefit of understanding Board dynamics and assists in the decision-making process.

Otto served on the Board from 1984 to 2009 and was re-elected in 2010. He is proud to have been a part of many changes in both your Credit Union and the Co-operative system as a whole. A strong believer in personal improvement, he has achieved his Bachelor of Science Degree in Management and Economics, Business Leadership Certificate and Board Governance Certificate from Niagara College, is an Accredited Canadian Credit Union Director, and a Chartered Director - having graduated from Directors College.

Otto has the knowledge and understanding to make informed, intelligent decisions for your Credit Union and to stay abreast of the every changing landscape within the financial world. He has also completed the Credit Union Director Achievement courses. In these courses, Directors learn, to recognize pitfalls, avoid them and make informed strategic decisions.

Otto has attended a workshop for Audit Committee members, which focused on the expanded functions and new legal responsibilities of the Audit Committee and as a member of the Governance Committee he participated with fellow Directors in achieving significant Board Governance reform. Otto has a keen interest in financial matters and has working knowledge of establishing and managing budgets. Otto firmly believes in the cooperative philosophy of people helping people.


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