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 lower fees, better rates and enhanced services. The Board of Directors and Supervisory/Audit Committee are made up of individuals who are members of the credit union. They serve in their roles on behalf of all members.
Westerra is currently seeking members who would like to serve on the Board of Directors or Supervisory/Audit Committee for three-year terms:
Board of Directors
Members elect the Board of Directors to guide the organization to fulfill its purpose by setting the plans and policies which direct the affairs of the credit union. The Board of Directors meets monthly to review the direction of the credit union and to ensure plans and policies are properly implemented. 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, non-profit board experience, collegiality, community/civic engagement, finance, management, leadership, lobbying (registered), computer science, security, human resource services, lending, investing and other related areas.
The Supervisory/Audit Committee is appointed by the Board of Directors and meets quarterly to ensure the assets of the credit union and its members are protected by ensuring that financial records are in order, audits are overseen, internal controls are tested, and the actions of the Board of Directors and officials are reviewed for conformity with laws, rules and regulations. The Nominating Committee is seeking candidates with expertise in one or more of the following areas: auditing/accounting, analyzing financial records/reports, professional money management, consumer credit protection laws, financial ratios, management, leadership and other related areas.
Qualification Criteria: Candidates must be a member of Westerra Credit Union in good standing and be at least 21 years of age. The Nominating Committee will use the following criteria in reviewing and evaluating candidates:
- Knowledge of and commitment to the history and culture of Westerra Credit Union.
- Member with an active account at Westerra Credit Union for not less than 5 years.
- Ability to meet time and participation commitments as a board or committee member.
- Any actual or potential conflicts of interest.
- Skills, background and expertise that the board/committee needs.
How to Apply: If you would like to contribute your skills and time to the credit union on the Board of Directors or Supervisory/Audit Committee, please contact Steve Schmidle, Chief Financial Officer at 303-321-4509 or email@example.com for an application. Applications must be submitted by Monday, October 21, 2019.
Successful candidates will be officially announced at the Westerra Credit Union Annual Meeting on Tuesday, March 17, 2020 and will begin their three-year term at that time.
Thank you for your interest in your credit union!
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