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INSIDE Fall 2009 Important Information for Members CARD Act – Q & A Rock Solid Visa® Free Online Education Celebrate International Credit Union Day Nominations of Credit Union Directors Election Information SESLOC Checking – Ideal for Students Briefs
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Nominations of Credit Union Directors
Nominations are being accepted for four Credit Union Director positions. If you are interested in running for one of these seats, your application must be received by the close of business
November 16, 2009. Forms are available at each SESLOC branch during regular business hours.Who May Be Nominated A nominee must be at least 18 years old and a SESLOC member in good standing for at least three years prior to nomination. A member is the primary account holder. Joint account holders are not eligible for nomination unless they are the primary account holder on a separate account. You may submit your own name or the name of another qualified member with his or her permission. Members of the nominating committee are Anthony Cangelosi, Pauline Shaffer and Jacquie Paulsen. Duties/Information Credit Union Directors are unpaid volunteers who generously give their time and energy to the Credit Union. Terms of office are two years. The Board of Directors has the duty and responsibility to set direction and control the Credit Union according to the wishes of the membership and in accordance with all pertinent laws and regulations. Directors set policy, ensure SESLOC maintains its sound financial condition, appoint and serve on subcommittees, and decide what programs SESLOC will offer and what type of facilities it will use. Regular meetings are scheduled once a month, normally on the evenings of the third Tuesday. From Federal Credit Union Bylaws Article VI, Section 8 "If a Director fails to attend regular meetings of the Board for three (3) consecutive months or any four (4) months in any service year (April to March), or otherwise fails to perform any of the duties as a Director, the office shall be declared vacant by the Board and the vacancy filled as provided by the bylaws. The Board, upon written request, may grant exceptions to the above attendance standard for reasonable cause." If you are interested in running for one of these seats, your application must be received by the close of business on November 16, 2009. |
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Mailing Address: P.O. Box 5360 San Luis Obispo, CA 93403 |
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| This publication does not constitute legal, accounting or other
professional advice. Although it is intended to be accurate,
neither the publisher nor any other party assumes liability
for loss or damage due to reliance on this material. © 2009 SESLOC Federal Credit Union. |