Becoming a director means volunteering your time on behalf of the membership. Serving on the board provides a sense of accomplishment and camaraderie with your fellow directors. As a member of Directions Credit Union’s Board you would commit to serving for a term of three (3) years after which you are eligible for re-election.
If you have been asked to fill a vacancy, you will complete the remaining term. Certainly, as a volunteer position, you have no written obligation to serve any longer than you feel you are able. Associate Board members are appointed by the Nominating Committee. If you are an Associate Board member your term is twelve (12) months, with re-appointment at the time of annual meeting.
As a Board member, you’ll need to attend monthly board meetings and participate on one of the Board committees that you are assigned to (Governance, Finance, or Audit). Committees vary in the amount of times they meet, but you will be expected to attend the annual planning seminar conducted over a weekend, and an annual shareholders meeting.
Members serving on the Board also make a commitment to:
- Continue to increase knowledge of governance, industry, trends, financial trends, the credit union’s performance, strategic initiatives, and services through various educational venues
- Review the information in the Board packet to prepare for the monthly Board meetings
- Represent the members and support decisions made by the Board
- Participate in open, honest and constructive debate and treat all Board members with respect.