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Election for BankFund's 
Board of Directors

Board of Directors Election and Annual Meeting


Annual Meeting

The 78th Annual Meeting of the Credit Union will be held in April 2025. The date/time and location will be announced closer to the event.

 

Nominations for the Board of Directors Election

In April, the terms of three members of the Board of Directors will expire. The election of Directors to fill these three positions is conducted online and by mail ballot and the results will be announced at the Annual Meeting. 

The Board of Directors is responsible for the overall conduct, direction, and stability of the Credit Union. It establishes policy and guides the organization’s growth. The Board meets monthly, as required by the Credit Union’s bylaws, and at more frequent intervals as necessary. 

Credit Union members in good standing are eligible for nomination and election including those current Directors whose terms are expiring. Each Director position is for a three-year term. Candidates should possess sound judgment, a desire to serve, and a willingness to devote sufficient time to their duties. 

Guidance for Potential and New Board Members


Candidates are selected by the Nominating Committee or by petition. 

The Nominating Committee meticulously carries out a thorough selection process, considering the specific competencies required for the Board. While numerous highly qualified applicants may not proceed further in the election process, they are encouraged to reapply in future elections. Applicants may be approached regarding other opportunities that align with their experience and qualifications.


Completed requests for nomination by committee must be submitted by 5:00 PM Eastern Time on Thursday, November 14, 2024. 

Online Request for Nomination



If you would like a paper Request for Nomination application, please email [email protected].

All qualified applicants will receive consideration for nomination without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. BankFund is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact [email protected].



 
Prospective candidates who do not meet the filing deadline of Thursday, November 14, 2024 should seek nomination by petition. The deadline for nomination by petition is Monday, February 3, 2025. In accordance with Credit Union bylaws, members must obtain 500 signatures for nomination by petition. 

Should you have any questions about what is expected from a Credit Union Board Member, please review the Guidance for Potential and New Board Members document above or contact the Nominating Committee at [email protected].

The Board of Directors may appoint additional members to the Nominating Committee at a future date. All members will be informed about the Nominating Committee’s selections and the procedures required for nomination by petition.