CREDIT UNION OF DENVER’S 2020 ELECTION OFFICIAL CALL FOR NOMINATIONS
Why should you volunteer?
- As a member of the Credit Union of Denver you are an owner of a Financial Institution with over $800,000,000 in assets.
- The goals and direction of the Credit Union are determined by a volunteer elected Board of Directors, Supervisory Committee, and Credit Committee.
- The success and future continuation of the Credit Union depends on having members who are interested and willing to work for the credit union in volunteer positions.
In their own words: What does it mean to you to be part of the volunteers that guide Credit Union of Denver?
Kathleen A. Leclerc says:
“When I joined the C•U•D volunteers, I was amazed at all I learned about the regulations, processes that happen in the background and how financial institutions really work. I am proud to be part of the passionate volunteers who make a difference by keeping the members forefront in the decision making process that assures the decisions made are based on what benefits our members.”
Carl Bingham says:
“Being a credit union volunteer provides me with an opportunity to help our community have access to affordable financial services focused on them, not the bottom line. I have gained a great deal of understanding of the operation and oversight of credit unions and have met many outstanding volunteers around the state that share similar interests.”
Volunteers are the backbone of Credit Union of Denver. Since 1931, the credit union has provided value and financial stability to its members. This accomplishment can be attributed to the expertise of the past and present volunteers.
Volunteers determine the direction of the credit union and approve policies that govern the credit union’s operations and growth.
As a member of the credit union, you are eligible to run for an elected office if you are at least 21 years of age, insurable, and a member in good standing. In addition, you must be genuinely interested in the future of your credit union, provide leadership, and serve the members and community by demonstrating sound judgement in financial and business matters.
Basic Functions of the Board of Directors, Supervisory and Credit Committees
Board of Directors – Board members are responsible for establishing policies for the credit union operations and activities. They provide leadership through sound judgment in business and financial matters involving members and the community. The Board of Directors meet once a month. Board members also serve on various committees that meet occasionally as needed. Three, 3-year term positions are open on the Board of Directors.
Supervisory Committee – Supervisory Committee is responsible for the accurate financial reporting and safe-guarding members’ assets through auditing and supervision of our operations as governed by the bylaws and the state and federal regulators. This committee meets once a month. Two, 3-year term positions are open on the Supervisory Committee.
Credit Committee – Credit Committee members are responsible for evaluating member loan requests on a fair and impartial basis. The Credit Committee must ensure compliance with relevant state and federal laws that affect lending guidelines. This committee meets monthly and corresponds via email once a week or as often as needed. Two, 3-year term positions are open on the Credit Committee.
For more information on how to get started, or to get in touch with a Nomination/Election Committee Member, please contact Katie Danek-Sodt at (303) 239.1113.
Nominations close Tuesday, January 21, 2020 at 5:00 pm
May 2019 – May 2020 Nomination/Election Committee:
- Lee Allen – Chairman
- Joe Walchuk – Vice Chairman
- George Volentir – Board Member
- Phil Wilson – Supervisory Committee Rep.
- Julie Bellot – Credit Committee Rep.
- Committee Liaison and Staff Contact: Katie Danek-Sodt, (303) 239.1113
As a member-owner of Credit Union of Denver, your support is vital to the success of your credit union. There will not be an election conducted by ballot if there is one candidate or less for each position to be filled.