As member-owned cooperative, credit unions around the world operate as cooperatives (co-ops). Credit Union owners have a VOICE and a VOTE at the Annual Membership Meeting.
Whether in a hut in Fiji, or in a board room in Michigan, owners have a say in how their cooperative functions.
The Annual Meeting is a good place to learn about your credit union and participate in the democratic process that is unique to cooperative financial institutions.
Members (in good standing) can cast a ballot (vote) to elect the volunteer Board of Directors who will help determine credit union policies and procedures.
Consumers are invited to submit their name for consideration to run for available seats on the Board of Directors each year. In order to keep the ICCU Board functioning smoothly, three of 12 seats are open each year.
The positions on the board of directors are VOLUNTEER opportunities. Credit Union board members are unpaid volunteers. The deadline to submit names is 30 days prior to the Annual Meeting, which is typically held in March of each year.
Left: ICCU President/CEO Jay Anders addresses the membership
Details on Volunteer Opportunities:
If you are interested in running for a three-year term on the volunteer ICCU Board of Directors, you may request a nominating form. The nominating form must be completed at least 30 days prior to the Annual Meeting date, which is typically in mid-March.
Once the form has been returned, the Nominating Committee will review it for proper procedure and current ICCU membership. Upon validation, the committee will review the qualifications of each candidate. Then, it shall be the Nominating Committee's duty to formally nominate, by inclusion on the ballot, one candidate for each position. Nominations may also be made from the floor.
Although nominations may be made from the floor, it is preferred to have all potential candidates listed on the ballot, and a brief resume of candidates distributed to the membership in attendance at the meeting. In the event that only one person is nominated for each vacancy, the Secretary may cast a unanimous ballot, and each candidate will win his/her seat.
Credit Union Membership: Democracy in Action!