Canada’s oldest financial institution in Sikh community appoints new CEO


Dalbir Singh Mehta becomes director of the Khalsa Credit Union!

Dalbir Singh Mehta started his career in a chartered bank in India where he held increasingly senior positions after earning a Master of Business Administration (MBA).

SURREY – The Board of Directors of Canada’s oldest financial institution in the Sikh community, Khalsa Credit Union (KCU), recently announced the appointment of Dalbir Singh Mehta as Chief Executive Officer effective Monday, February 1, 2016 .

“I am very excited to become CEO of Khalsa Credit Union and look forward to our continued success,” said Mehta. “I have had the honor and pleasure of serving our members for the past 12 years and will continue to work with the Board of Directors and staff to make Khalsa Credit Union the best place to work and make banking business. I am proud to officially take the head of an organization that clearly lives both Sikh and cooperative values. I look forward to working directly with the board, management, staff and our union to ensure we deliver value to our members and the Sikh communities at large in Surrey, Abbotsford, Vancouver and Victoria. .

Mehta, who is well respected by his peers and colleagues, has spent the last few months in the role on an acting basis. During this time, Mehta led a number of initiatives important to the organization, both launching a centralized commercial lending function and signing a contract with Credential Wealth Management to provide wealth management services to members of the KCU.

Additionally, Mehta led the Credit Union’s efforts to build a new branch in Surrey, the Credit Union’s sixth branch and KCU’s first expansion in over 15 years. He also began work on a brand new state-of-the-art location for the Vancouver branch of the credit union. These two branches will serve as prototypes for a completely new branch model.

Mehta started his career with a chartered bank in India where he held increasingly senior positions after earning a Master of Business Administration (MBA).

Mehta has over 35 years of financial services experience with extensive experience in lending, management, operations and sales. His experience within the Canadian credit union system spans over a decade, the majority of which has been spent at Khalsa Credit Union.

Mehta started working at KCU shortly after immigrating to Canada in 2004. He, his wife and daughter have made their home in Surrey for the past 12 years.

During this period, Mehta became highly respected by his peers and colleagues.

The board and staff of Khalsa Credit Union said they look forward to Mehta’s continued leadership and innovation.

“The Board would like to acknowledge the dedication and efforts of the candidates who applied for the position and the members of the CEO Search Committee who coordinated this process,” said Chairman of the Board, Harinder Singh Sohi.

“We look forward to continuing our strong working relationship with Mr. Mehta and the management team over the coming months and would also like to take this opportunity to thank him for his leadership as Interim CEO over the past few months. During this period, he has clearly demonstrated his ability to deliver on our strategic priorities.

“On behalf of Khalsa Credit Union, please join us in formally welcoming Mr. Mehta to the position of CEO.”

Driven by both her Sikh and cooperative values, Mehta is an active member of the local community as well as a credit union ambassador to Sikh communities and British Columbia business.

He spends a lot of time working in and with the community, particularly in his role on the board of directors of Deltassist, a non-profit organization dedicated to the well-being of the people of Delta.

In her spare time, Mehta enjoys swimming, running and spending time with her family.

Speaking on behalf of the Board of Directors, Chairman Sohi added, “I would like to point out that the Board has undertaken extensive research leading to the appointment of the next CEO of Khalsa Credit Union. We received a multitude of applications and were very pleased with the high caliber talent the offer attracted. When we started this recruiting, we gathered feedback from the entire board as well as staff and advisors and determined that we wanted a CEO with experience and skills to reach a number of goals. ” key objectives for Khalsa Credit Union:

• Continue the strong growth trajectory of our credit union.

• Improve leadership at senior levels of the organization to evolve a culture of service, responsibility and employee engagement throughout the organization.

• Capitalize on our ability to support our members and further develop the profile of our credit union within our communities.

The Khalsa Credit Union (KCU) was formed on February 19, 1986 following the economic turmoil of the early 1980s and long after most of the province’s other credit unions were formed. This presented some obstacles and challenges at first, but the faith of our founders never wavered as their desire for a religious bond credit union serving the financial needs of the Sikh community became a reality. From these early struggles, the KCU emerged stronger and more energetic and is today a model of efficiency for the BC credit union system.


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