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Notice to Members: Annual Meeting of the Members
Meet the Candidates
Annual Meeting Reservation Form
Meeting Details

Notice to Members: 61st Annual Meeting

Monday, April 28, 2014 @ 6:30 PM
Redondo Beach Library, 2nd Floor
303 N. Pacific Coast Hwy

Check in starts at 6:00 PM.  Light refreshments will be served.  Reservations are required.  Please RSVP by completing the Annual Meeting Reservation Form below.

As a not-for-profit that is cooperatively owned by our members, the entire credit union benefits when our members engage and participate in their ownership. That's why we invite our members to attend our annual meeting each year. It's an opportunity for you to meet our management and elected board and other volunteers as well as many of the other employees who serve the membership. It's also an occasion that we use to report on the performance of our mutually owned credit union and look ahead to the future.

Meet the Candidates

One nomination was received for each open positions as follows:

  • Jerry Gaines (incumbent) & Martin Dodell, Board of Directors
  • Daniel Inskeep, Supervisory Committee

Biography of Jerry Gaines
Jerry Gaines has been involved with the credit union for more than 30 years. After graduating from California State University Los Angeles, Jerry was employed by the Palos Verdes Peninsula Unified School District as a business and economics educator in secondary and adult education. In 1981 Jerry was elected to the Palos Verdes Schools Federal Credit Union (PVSFCU) board of directors and served until 1998 when he oversaw the merger of the PVSFCU with the South Bay Credit Union (SBCU). Since the merger, Jerry has served as a board member and now board chair for SBCU.

“I am proud of the growth of SBCU with many diverse financial service products being offered to the membership. Recently many new technology supported services have enabled the credit union to be a key community based financial services leader for the South Bay region.  My vision is that SBCU earns a high level of respect among its current and new members, focusing on ‘building lifelong financial relationships.’”Mr. Gaines also serves his community as Commissioner and Chairman of Los Angeles County Workforce Investment Board. In fact, he has been involved with many civic activities focusing on the quality of life in the community and is active with the Palos Verdes Peninsula Lions Club and is a member of the San Pedro Chamber of Commerce.   

Biography of Martin Dodell
Martin Dodell has been a Rancho Palos Verdes resident for more than 40 years. Martin was first appointed by the Board in 2011 and has been associated with the credit union ever since. Martin has fully embraced the credit union philosophy and appreciates the value the credit union brings to its members through better rates, lower fees and great service.

"I feel that the past few years have caused significant losses to the income of elderly people and they would benefit from knowing that alternatives exist for their financial services," says Martin. "I would like to work toward making those alternatives better known in the community." Mr. Dodell also serves his community as a Board Member of the S.S. Lane Victory in San Pedro. Martin has been very active in education and health issues previously as elected official for PVPUSD Board of Education, SCROC Board of Governors in Torrance, an appointed official to the California State Council of Vocational Education, board member of the Peninsula Education Foundation and was a Board Member of the Peninsula Seniors in charge of the weekly lecture program.

Biography of Daniel Inskeep
Dan Inskeep has been a Hermosa Beach resident for more than 20 years.   With an undergraduate degree from Cal Poly San Luis Obispo, a Master of Science from Loyola Marymount University in Westchester and a CPA certification (currently inactive), Dan has held positions in financial oversight and administrative management for multinational corporations, Toyota and Sony as well as various positions in accounting, project management and financial management. Dan has been a member of a credit union since the late 1980’s and a member of South Bay Credit Union since 2011.

“My vision for the Credit Union is to see it continue to adopt technological advancements allowing it to compete directly with regional and national banks while, at the same time, strive to maintain its ‘local business’ feel and ‘next door neighbor’ type relationship with its member-owners,” remarks Dan. “I would also hope to bring a keen eye to cost control and help eliminate expenses in the effort to provide the lowest fees anywhere.”  Mr. Inskeep also serves his community a volunteer with the Grades of Green program conducting environmental awareness workshops in Hermosa Beach elementary schools, a founding member of the volunteer Hermosa Beach Green Building Committee which had an advisory role in providing recommendations to the Hermosa Beach City Council on responsible building practices (this group is more recently called the Green Task Force), an inaugural member or the Leadership Hermosa Beach program that helps educate local residents on City governance and staff operations, a volunteer on the Hermosa Beach Education Foundation which raises funds for the Hermosa Beach School District as treasurer and as a volunteer with the South Bay Environmental Services Center in Torrance which provides support and education on energy conservation to residents who live in member cities of the South Bay Council of Governments.

Reservation Form


Meeting Details

Why Do Credit Unions have Annual Meetings?

When you opened your deposit relationship with your credit union, you became an owner because your deposit represents a share of ownership (much like a share of a corporation or stock purchase). At the annual meeting, the members elect a volunteer Board of Directors whose responsibility is to oversee the credit union and serve the membership with decisions that are based upon what will best benefit the credit union's near- and long-term direction while ensuring it is in the best interest of the membership at large.


If you are interested in serving as a volunteer, we encourage you to review the qualifications and contact us with any questions you may have.


Getting More Involved in your Cooperative

Knowing that you are an owner, whether you have an interest in running for the Board of Directors or not, you may want to see about becoming more involved. Unlike business that's conducted at a bank, many newer (and often long-time) members are surprised to learn that, when they are part of a credit union, their voice is heard and their opinions really do count.


A credit union's annual meeting provides a wonderful forum for members to obtain specific financial information about their credit union's performance from the prior year and learn more about the strategy and efforts that will be followed for the current year.


All members are invited and encouraged to attend the annual meeting, since the information that's shared impacts the dividends that are paid, the rates that are received, the products that solve life needs, the fees that are sometimes applicable and the reasons that those fees exist, not to mention the investments in technology, branches, ATMs and more.


With all that said, remember that the credit union exists to serve the ever-growing needs of the people who do business with the credit union. They are members and owners who experience more benefit from stronger and deeper relationships. The people who work for the credit union, while they are members first, are genuinely interested in serving other members to help improve the lives of other fellow owners. As the old credit union mantra goes, they are "people helping people."
Annual Meeting Presentation Slides

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