BOARD ASSOCIATE

Applications to join the LCU Board as an Associate are now closed as of 14 September 2025.

Thank you to everyone who applied. We appreciate your interest and commitment and will provide updates on the next steps in the selection process soon.

Laboratories Credit Union (LCU)

At LCU, we’re more than just a not-for-profit banking institution; we’re a dedicated community that supports the brilliant minds behind groundbreaking discoveries. Whether you’re a scientist, researcher, or part of the innovative world, we’re here to empower your financial journey.
We are seeking to appoint two to three Associates to join our Board and help shape the future of our member focused financial institution.

Term: 12 months (non-voting role)
Location: Hybrid
Time Commitment: 1-2 days/month
Compensation: as per schedule

THE OPPORTUNITY

LCU is recruiting future leaders who may one day join our Board and gain exposure to high-level governance and strategic decision making. This opportunity is ideal for emerging leaders who are looking to start to build boardroom and commercial experience and contribute fresh insights.

The associates will work closely with board directors and executives, bringing a member-centric and sustainability lens to discussions, to continue our sustainability and growth in the financial market.

Key Responsibilities:

Attend (by invitation) and contribute to monthly board meetings (held in evenings) as a non-voting associate
Participating in special purpose sub committees who deep dive into specific areas;
Contribute your views on the community and direction of LCU in a diplomatic team environment;
Contribute insights and generally assist the Board in its Governance obligations
Contribute to the workings of the Board as a team, for example by assisting with post-meeting follow-up and special projects
Occasional research into a topic to provide information to the Board’s decision making;
Identifying and developing initiatives designed to add value to banking;
Reviewing activities and performance of management;
Input into LCU’s Strategic Plan.

Desired Profile:

Desirable if you have had some experience in HR, marketing, business or banking but it is not a requirement if you are willing to research and learn
Would suit someone keen to learn about business and governance in the commercial sector
Contributing to the diversity of backgrounds of the existing Board is also a desirable factor

Desirable but non-essential

Banking Experience – Previous experience working in the financial sector
Financial Literacy: Capacity to read and understand financial statements and contribute to financial oversight

OUR COMMITMENT TO DIVERSITY

The LCU is committed to building a diverse and inclusive Board that reflects the communities we serve. We strongly encourage applications from diverse backgrounds. A diverse Board brings varied perspectives that enhance our decision-making and better serves our members.

ABOUT LCU

LCU is a credit union, which was formed some 70 years ago. We started with just 30 members and have grown to almost 3,500 who are supported by our team of 15 staff. Strategically, LCU is focused on growth (capital and members), sustainability, pathway development and promotion of our financial institution.

TIME COMMITMENT AND REMUNERATION

Board meetings are held approximately 10 times per year, with up to two half day Saturdays for Strategic Planning
Committee participation may require additional time commitment
Associate terms are for one year, which can be extended
These positions are remunerated as per our payment schedule
There is no guarantee of a Board position

To apply

Please submit your application through the listing to Gordana Papic gordana@lcu.com.au and include:

Current CV
Cover letter addressing the selection criteria
Statement on what you believe you can contribute to LCU (max 500 words)

LCU Board Associate Applications – Closed