Election for BankFund's
Board of Directors
Nominations for the Board of Directors
The 80th Annual Meeting of the Credit Union will be held in April 2027. The details will be
announced closer to the event.
At that time, 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
names at least one candidate for each position available. There is a rigorous selection process
taking into account specific competencies needed on the Board. Many well-qualified nominees may not
be selected to move forward in the election process but are welcome to reapply in future
elections.
Completed requests for nomination must be submitted by 5:00 PM ET on
Wednesday, November 11, 2026.
Online Request for
Nomination
If you would like a paper Request for Nomination form, please email [email protected].
Prospective candidates who do not file a request for nomination by 5:00 PM ET on Wednesday,
November 11, 2026 should seek nomination by petition. The deadline for nomination by petition is
Friday, February 5, 2027. 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.