Thank you for your interest in running for a Director seat on the Board of Directors of Idaho State University Federal Credit Union. We are a member-owned, nonprofit cooperative thrift institution formed for the purpose of encouraging savings by offering a reasonable return, using collective funds to make loans at competitively low interest rates to members and providing other member services on a cooperative basis. Members are united by a defined field of membership and democratically operate the Credit Union in compliance with state and federal laws and regulations. As such, Idaho State University Federal Credit Union’s Nominating Committee has established minimum requirements to be nominated for a seat on the credit union. They are:
If the Nominating Committee does not nominate you for the election ballot, you may still be nominated by petition by securing a minimum of 307 and a maximum of 500 valid signatures from members of Idaho State University Federal Credit Union, who are in good standing. However, in order to be eligible for nomination by petition you must meet the first three requirements or your name will not be added to the ballot.
While different things motivate different people, some of the following reasons are often cited as the benefits of being a volunteer:
"To deliver an exceptional financial experience, enrich the lives of our members, and benefit our educational partners."
New and current volunteers will receive numerous opportunities to upgrade their skills and knowledge. New directors will receive training and will have six months from their appointment or election to the Board of Directors to be able to answer question 1(a) through 1(d) shown above in Directors Duties and Responsibilities.
Additional educational opportunities range from monthly credit union publications provided to each member of the board, to more formal training sessions conducted by the Idaho Credit Union League and conferences conducted by nationally recognized experts in various fields. Training is also offered through a home study format called Volunteer Achievement Program.
Currently, most board meetings are held the third Thursday of every month at the credit union’s administration office, beginning at 3:30 p.m. Board meetings usually last about two hours. Occasionally, board members will be asked to attend a special meeting, training or overnight planning session. These additional meetings average about four per year.
CHARACTERISTICS OF SUCCESSFUL CREDIT UNIONS
We hope this introduction helps you to understand a little bit about Idaho State University Federal Credit Union, requirements for nomination, time commitment and training involved in becoming a productive Director on the Board. If you wish to be considered for nomination, please complete the application and return it to the following address by December 19, 2018:
ISU Credit Union Nominating Committee
275 South 5th Ave., Suite 210
Pocatello, ID 83201
Idaho State University Federal Credit Union
Applications for a position on the ISU Credit Union Board of Directors must be submitted by December 19, 2018.
Click here for an application.
The 2019 Annual Meeting of Idaho State University Federal Credit Union will be held Wednesday, March 20, 2019 at 5:00pm at 275 South 5th Ave., Suite 260 (2nd Floor of Omni Building)
1. The chair will appoint a nominating committee of three or more members by November 20, 2018. It is the duty of the nominating committee to nominate at least one member for each vacancy, including any unexpired term vacancy, for which elections are being held, and to determine that the members nominated are agreeable to the placing of their names in nomination and will accept office if elected.
2. The nominating committee files its nominations with the secretary of the Credit Union by December 19, 2018, and the secretary notifies in writing all members eligible to vote that nominations for vacancies may also be made by petition signed by 1% of the members with a minimum of 290 and a maximum of 500 by January 04, 2019. The secretary may use electronic mail to notify members who have opted to receive notices or statements electronically.
3. The notice must indicate that the election will not be conducted by ballot and there will be no nominations from the floor when the number of nominees equals the number of seats to be filled. A brief statement of qualifications and biographical data in a form approved by the board of directors will be included for each nominee submitted by the nominating committee with the notice to all eligible members. Each nominee by petition must submit a similar statement of qualifications and biographical data with the petition. The notice must state the closing date for receiving nominations by petition. In all cases, the period for receiving nominations by petition must extend until February 3, 2019. To be effective, a signed certificate must accompany nominations by petition from the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office. Nominations by petition must be filed with the secretary of the Credit Union by February 7, 2019 and the secretary will ensure that nominations by petition, along with those of the nominating committee, are posted in a conspicuous place in each Credit Union office prior to February 12, 2019.