It’s time again to exercise your rights as a member by electing volunteers to represent you on SMCU’s Board of Directors. As a member in good standing, you are entitled to a vote in SMCU’s 81st Annual Volunteer Board and Supervisory Committee Elections, taking place between Monday, February 24, and Friday, March 21.
SMCU is a reflection of our members and the things they find important. It’s one of the primary benefits of being a member-owner of SMCU – as a member you have a voice in how the credit union is run.
Keep an eye on your inbox or mailbox for your voting credentials and information about the candidates for each of the open Board and Supervisory Committee positions. More information regarding the volunteer election procedures can be found on smcu.com.
What Are the Board’s Responsibility?
100% democratically elected by the membership, the Board is made up of nine members, each holding a three-year term. Board members meet each month to review and evaluate all aspects of the credit union including:
- Setting the vision for the credit union,
- Building a strategic plan,
- Approving the annual operating budget, and
- Overseeing the credit union’s financial soundness and service levels
Additional responsibilities include serving on special SMCU Committees, such as the Corporate Citizenship Committee, the Finance and Budget Committee, and the Technology Committee. Board members also represent the credit union at community events.
What is the Supervisory Committee?
The Supervisory Committee ensures adherence to state, federal and internal policies and procedures; supervises the completion of an annual audit as well as supplemental audits; and, reports the findings to the Board, management, members and/or regulatory agencies as required. Each of the five positions on the Supervisory Committee carries a staggered three-year term.
Let Your Voice Be Heard
To cast your vote in this year’s Annual Elections, mail your ballot or vote online between Monday, February 24, and Friday, March 21. More information about our Board and Supervisory Committee Members can be found at smcu.com.
To be eligible to vote you must have been a member in good standing at least 18 years of age as of 12/31/2013 and be a natural person (no trusts, organizations or businesses). Individuals who hold a joint status on any account without their own membership share account are not eligible to vote. If you are a joint account holder who opened an individual account before 12/31/2013, you are eligible to vote.