How to Join Westerra’s Board of Directors

One of the unique aspects of credit unions is our cooperative structure—everyone who has an account at the credit union is a member and an owner. There are no stockholders. Profits are returned to members through competitive fees and rates, as well as enhanced services. The Board of Directors is made up of individuals who are members of the credit union. They serve in their roles on behalf of all members. Currently, Westerra’s Board of Directors meets three times each month to review the direction of the credit union and to ensure plans and policies are properly implemented.

Applications are due each October, with successful candidates officially announced at the Westerra Credit Union Annual Meeting the following spring. At that time, new Board Members will begin their term, which usually runs three years but can depend on the makeup of the Board at the time. Applications will be reviewed by members of the Nominating Committee.

Associate Director Program: If an applicant is interested in being appointed by the Board of Directors as an Associate Director, the applicant can so indicate on the Application Form. Associate Directors are non-voting members of the Board who participate in all duties and responsibilities of the Directors by providing input and expertise. Although not permitted to vote on any matters, they are expected to attend all meetings of the Board of Directors, including the three monthly meetings. Associate Directors are appointed for one year and may be reappointed for up to three years.

THE DATE TO RETURN APPLICATIONS IS OCTOBER 15, 2024.
The current Nominating Committee is comprised of Barry Beal, Jr. (Chairman), Bill Abbey, JT Gaietto, Larry Ottele and Andy Raicevich (Ex-Officio). This year, there are two vacancies on the Board of Directors with terms of three years, ending in 2028.

Qualification Criteria:
With the increasing complexity of Director obligations, the Nominating Committee is seeking candidates who have expertise in one or more of the following areas: law, marketing, accounting, education, nonprofit board experience, collegiality, community/civic engagement, finance, management, leadership, lobbying (registered), computer science, security, human resource services, lending, investing, and other related areas.

The Nominating Committee will use the following criteria in reviewing and evaluating candidates. Candidates must:

• Be a member of Westerra Credit Union in good standing

• Be at least 21 years of age

• Be knowledgeable of and committed to the history and culture of Westerra Credit Union

• Be a member with an active account at Westerra Credit Union for not less than three years

• Be able to meet time and participation commitments as a board member

• Not have any actual or potential conflicts of interest

• Have skills, background, and expertise that the board needs

How to Apply:
To receive an application, please contact Steve Schmidle, President/CEO, at candidate@westerracu.com, or call 303-321-4209. For more information about Westerra’s current Leadership team, visit: www.westerracu.com/about/company/our-leadership.