Nominations of Credit Union Directors

Petitions for nomination are being accepted for four (4) open positions for Credit Union directors. If you are interested in running for one of these seats, your application must be received by the close of business November 15, 2007. Forms are available at each SESLOC branch.

Who May Be Nominated
Nominees must be at least 18 years old and be a SESLOC member in good standing for at least three (3) years prior to nomination. A member is the primary account holder. Joint account holders are not eligible for nomination unless they have a separate account on which they are the primary account holder. You may submit your own name or the name of another qualified member with their permission. Members of the nominating committee are Pauline Shaffer, Jacquie Paulsen and Anthony Cangelosi.

Duties/Information
Credit Union Directors are unpaid volunteers who generously give their time and energy to the Credit Union. Terms of office are two (2) 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 services 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.

The Board may remove any executive officer from office for failure to perform the duties thereof, after giving the officer reasonable notice and opportunity to be heard."

Watch for the Election Announcement in the January Financial Focus
Your January Financial Focus will include a list of candidates and their biographical information, as well as instructions for online elections, should balloting be required. Elections will not be conducted by ballot when there is only one nominee for each position to be filled, according to the bylaws, and there will be no nominations from the floor. The 2008 Annual Meeting will be held on Tuesday, March 18, at the Cuesta College Conference Center, San Luis Obispo Campus, Room 5401.

The Board of Directors has four open positions. Applications must be received by Nov. 15, 2007.