Superior Choice Credit Union is now seeking nominees for the upcoming board of directors election. If you're interested in applying to be a nominee, please contact [email protected] for an information packet and nominee application. Elections are held January-February 2018, with winners being announced at the February 22, 2018 annual membership meeting. Three directors will be elected by SCCU members to serve a three-year term on the SCCU Board of Directors.
Applicants must be an active member of SCCU by using the services offered and must have joined the credit union at least one-year prior to the record date. SCCU employees may not serve as board members.
Below is a list of director requirements and educational opportunities. More information can be found in the information packet and nominee application. To request those materials, please email [email protected] Applications to be in consideration for a board of directors nominee must be received no later than Friday, December 1, 2017.
No person may be elected or appointed as Director unless that person has been a member of the credit union for one (1) year prior to the record date (February 22, 2018). Furthermore, no person or members of the family of a person who is a paid employee of the credit union, other than the President, may become a Director unless that employee resigns his/her employment with the credit union prior to taking office.
BOARD EDUCATION REQUIREMENTS
Each director should attend at least one national credit union conference or participate in an equivalent educational opportunity each year. Directors are also expected to attend two or more league chapter meetings each year. In addition, board members who are either elected or appointed will have six months from the date of election or appointment to obtain the Credit Union National Association’s (CUNA) Board Financial Literacy Certificate by attending CUNA’s Volunteer Certification School, attending CUNA’s CU Finance for Non-Financial Managers and Volunteers conference, or by completing the following six Volunteer Achievement Program (VAP) modules:
1. Financial Reports for Volunteers
2. Managing Risk for Volunteers
3. The Basics of Risk Assessment for Volunteers
4. Financial Management
5. Asset-Liability Management for Directors
6. Understanding Audit Reports
Additionally, all board members will complete the following six modules of the VAP within the first year of their term of office:
1. History and Philosophy for Volunteers (Board candidates must complete this module prior to the Annual Meeting.)
2. Directors’ Liability
3. Strategic Planning
4. Strategic Credit Union Leadership
5. Understanding Regulations
6. Board/CEO Relationships
In the second year of a board member’s term of office, the following six modules of the VAP are to be completed:
1. Supervisory Committee: Duties and Responsibilities
2. Auditing 1
3. Auditing 2
4. Basics of Internal Control
5. Supervisory Committee’s Role in Due Diligence
Going forward, all directors will complete at least two modules per year from the Volunteer Achievement Program focusing on modules pertaining to any committee the director may be assigned to or an alternative educational opportunity may be considered in lieu of the modules as approved by the Chairperson.
The director must become a Certified Credit Union Volunteer through CUNA’s Volunteer Certification School or CUNA’s self-study program within two years of being elected or appointed to the Board.
BOARD ATTENDANCE REQUIREMENTS
Each Director will attend, in person, the regular and special Board Meetings for their entire term in office. Directors will be allowed to attend two meetings in any term year via technology.
Directors will be allowed two absences per term year. An absence is incurred when the director does not attend a board meeting in person or via technology. Any director who is unable to attend a meeting will notify the Chairperson in advance of the meeting. The failure of a director to meet the attendance requirements may be just cause for dismissal from the Superior Choice Board of Directors. Exceptions due to extenuating circumstances may be made by the Chairperson.
Directors are required to attend monthly Board Meetings, committee meetings, the Annual Membership Meeting, any special membership meetings, and the annual Planning Meeting. Board members must be prepared to participate in meetings by doing the following:
• Read and evaluate monthly financial reports and other board materials prior to each meeting
• Provide input, ask questions, and participate in decisions of the board
• Be knowledgeable of credit union laws, bylaws, policies, and regulations applicable to state chartered credit unions and federally insured credit unions
• Be knowledgeable of and commit to credit union philosophy
• Be knowledgeable of board policies, investment and loan policies, and applicable office policies
Board Performance Review
• All Directors must pass an annual performance review to retain their seat on the Board. The review will be based on the following two steps criteria as follows:
o Written review by the Board Chair and Vice Chair
o A closed ballot vote by the Board (only when given an unsatisfactory review)
o When a Director’s annual review indicates unsatisfactory performance, the board shall vote by closed ballot as to whether the Director shall retain a seat
Board Performance Criteria
• Satisfactory attendance at Board and Committee meetings
• The director represents SCCU and/or community events as a SCCU Board Member
• The director is cooperative and professional in manner at SCCU Board and Committee meetings
• The director is supportive of SCCU Staff, Board Members and SCCU’s Mission
• The director is up-to-date with their educational requirements
• The director clearly demonstrates a knowledge of the Credit Union philosophy and acts in accordance with it
• The director completes duties assigned by the Chair.
Board Terms and Elections
• Vacancies on the Board can be filled by appointment or by election
• Each member serves a three-year term
• Board members may serve another term if they meet the following criteria:
o Completion of education requirements within the required timeframe
o Receives a recommendation to continue in their seat in the annual review
o Vetting of Board candidates gives preference to those who are CUNA certified
o Meet all board performance criteria
o SCCU board members will have their primary residence within the county or adjoining county where a physical branch is located
DIRECTOR CODE OF CONDUCT
The reputation of the Credit Union must be above reproach. As a SCCU Board Member, you are expected to conduct yourself with the highest level of business ethics.
For the Credit Union team to work together harmoniously and effectively, directors must demonstrate a responsible attitude and conduct work activities in an ethical and legal manner. Credit Union rules and policies establish acceptable standards of conduct.
Below are examples of unacceptable behavior by a director. This list merely provides examples of unacceptable conduct but is not exhaustive of the types of conduct that may result in removal from the board:
• Falsification or alteration of any written reports or records
• Directors cannot serve on the Credit Union Board of Directors knowing a conflict of interest exists as stated in the Conflict of Interest Disclosure for board members
• Directors cannot abuse intoxicating beverages or use illegal drugs on Credit Union property, in Credit Union vehicles, or at any time while conducting Credit Union business
• Directors must not engage in theft, abuse, defacement or destruction of any property belonging to the Credit Union, its guests, suppliers, or employees
• Directors must not engage in acts of violence or threatening violence while on Credit Union property. Acts of violence includes, but is not limited to, directing abusive or threatening language at any Credit Union employee, Board Member, or Credit Union Member
• Directors must not engage in sexual or other forms of harassment in violation of the Credit Union’s policy
• Directors must abide by Credit Union rules and policies
• Directors must not disclosure confidential information or violations of the Credit Union’s security policies as stated in the Conflict of Interest Disclosure for board members
• Directors must not engage in any actions that might cause negative or embarrassing public relations for the Credit Union
• Directors physically absent from three board meetings in a board term year may not be nominated again when their term expires. Directors who are absent from three committee meetings per board term year may be subject to removal from the committee. Such action is at the discretion of the committee chair and the board executive team.
• Directors must observe all safety regulations and general guidelines which could lead to potential danger to one-self, others, or to Credit Union property
• Directors must not possess firearms or weapons of any kind inside credit union buildings
• Directors must not engage in gambling while on credit union premises
• Directors must abide by the Credit Union’s established E-mail and Computer Use Policy
• Directors must abide by the use of the corporate credit card, as stipulated in the Director Travel and Expense Account Policy
Directors are expected to read all board documents each month and be prepared to participate in discussion of any item or document during board meeting.