Between February 14 and March 11, Seattle Metropolitan Credit Union members participated in the 78th Annual Volunteer Elections. Being able to elect their Board representatives without respect to the volume of deposits or loans they hold in the credit union is an important difference between cooperatives of all types, including credit unions, and traditional for-profit businesses.
In all, five candidates vied for three seats on the SMCU Board of Directors. The results of the election were first made public at the Annual Meeting of the Membership held Saturday, April 2, at the Nesholm Family Lecture Hall at Seattle Center. Incumbents Ken Harer, Frank Mathews and Jim Yearby all retained their seats.
Voter turnout was excellent and increased 28% over the previous year. The 2011 election represented the fourth year that members were able to vote either online or via paper ballot. The online voting option seemed to grow in popularity with members, as 43% of all ballots received in this election came via the online channel versus just 16% the year before. Electronic ballots represent a significant cost savings for the credit union when compared to mailing and processing paper ballots, so the increasing acceptance of that method of voting bodes well for the overall financial soundness of SMCU.
The Board is always looking for qualified individuals to assist them in carrying out their responsibilities to the membership. If you or someone you know is interested in volunteering for a Board committee or is interested in running in the 2012 Volunteer Elections, you can find more information at www.smcu.com or by calling the SMCU Administrative Coordinator at 206-398-5560.