Board of Directors
Our all-volunteer Board of Directors is made of members who lend their managerial and financial expertise to help guide the direction and mission of the credit union. Most adult members in good standing may run for election for a three-year term on the board of directors. At least one of the seats typically come up for election each year.
Meet our current Board Members or read below how you can become a candidate, vote, or just get more information about our board.
What does a Board Member do?
Board members are responsible for setting policies, approving budgets, and helping to direct the key strategies for the credit union. They evaluate operations and maintain financial performance standards for the credit union. They are also responsible for appointing the credit union's President/CEO, who reports directly to the Board. Board positions are voluntary and unpaid; however expenses related to Board business are paid for by the credit union.
Who can be a board member?
Candidates must be members in good standing and have served as a volunteer on the Supervisory Committee, Asset Liability Management Committee or as an Associate Director; be at least 18 years of age; be willing to agree to a criminal background check and a credit check; and be bondable.
What does it take to be a Board Member?
Candidates should possess the personal qualities that are needed to enable them to serve the Credit Union well. They should be honest, unselfish and act for the good of the Credit Union's members. They should be interested in the Credit Union and sufficiently generous to give their own time and skills to the affairs of the Credit Union. They must have the ability to understand and must be able to think for themselves.
How long does each Board Member serve?
Terms are for three years. Board members typically devote a minimum of approximately 6 – 8 hours per month to credit union business, including attending monthly Board meetings at our headquarters in Redondo Beach. Additional time may be spent gathering information and training. Courses of study are available to Board members to help them learn more about the operation of a financial institution.
What are the benefits of being a Board Member?
You’ll be a representative voice for your fellow members, and have a direct say in the overall direction of the credit union. You gain knowledge and experience about the running of a financial institution, strategic planning, and about the credit union movement. Board members may also attend conferences and seminars on credit union topics in various locations throughout the country. It is a great way to become part of a unique organization that affects the financial lives of thousands of members.