Control of our credit union and its management is in the hands of our members. Once a year, our members elect a Board of Directors at their annual meeting. Each member in good standing gets one vote, regardless of the number of shares they own. One person, one vote means control and direction of the credit union is not based on the financial resources of a few members, but on the needs of the entire membership.
At least 120 days prior to each annual meeting, the chair will appoint a nominating committee of not fewer than three members. The committee files its nominations with the secretary of the credit union at least 90 days prior to the annual meeting, and the secretary notifies in writing all members eligible to vote at least 75 days prior to the annual meeting that nominations for vacancies may also be made by petition signed by 1% of the members with a minimum of 20 and a maximum of 500.
The election is conducted by ballot. There will be no nominations when there is only one nominee for each position to be filled. A brief statement of qualifications and biographical data will be included for each nominee with the written notice to all eligible members. Ballots must be received no later than midnight 5 calendar days prior to the annual meeting.
Results of the election will be announced at the annual meeting.