Board of Directors Elections
Each year Affinity Plus Federal Credit Union seeks candidates to serve in an important leadership capacity on the Board of Directors. The Board is involved in setting policies, helping to improve strategic plans, reviewing and approving the annual budget, and assessing the performance of the CEO/President.
Whether you'd like to represent your fellow Affinity Plus members while strengthening your credit union, or you're just curious about who gets elected to the nine-member Board of Directors, here's how the elections work.
Timing
Call for Candidates
The call for candidates occurs in the fall of each year, and applications are typically accepted in the September/October timeframe.
Elections
Candidates selected by the Affinity Plus Nominating Committee are elected at the Annual Meeting of the Members, held in March.
Board Terms
Terms last three years, and they're staggered so three seats are up for election each year.
Candidates
As a financial cooperative serving over 200,000 members across the state of Minnesota, our population is diverse. For that reason, we desire diverse representation on our Board of Directors. We also require broad experience in professional leadership, life, business and volunteering.
Candidate Requirements
To be eligible, each candidate must be a member in good standing and be at least 18 years old.
Applicants must complete credit and reference checks regarding background and qualifications, must complete a criminal background check, and be someone whom the insurer for Affinity Plus can bond.
Candidate Evaluations
The Nominating Committee evaluates all applications and selects candidates for in-person interviews.
The Nominating Committee selects a candidate for each open seat, making a formal recommendation to the Board of Directors. Once approved, the credit union sends notice of the candidates to all members. If the candidates are contested, all credit union members have the opportunity to vote; otherwise, candidates are selected by acclamation at the annual meeting in March.
Duties & Responsibilities
- Attend monthly meetings.
These are typically held at 4 p.m. on the fourth Tuesday of the month, lasting 2–3 hrs. - Monitor our financial performance.
Understanding basic finance, including the ability to read and understand a credit union’s balance sheet and income statement. - Understand relevant laws & regulations.
Specific financial education and training are available to refresh and enhance your general financial acumen.
- Ask good questions & discuss.
Pose appropriate and substantive questions of management and engage in strategic discussions to enhance the future of Affinity Plus and advance the credit union industry as a whole. - Participate in educational opportunities.
These are held periodically throughout the year. - Maintain confidentiality.
This applies to discussions in meetings and all matters pertaining to the credit union that are not public knowledge.
Questions?
If you have additional questions, please feel free to contact us!