Become a Board of Directors Volunteer
Credit unions were founded on the principle of “people helping people.” As a volunteer, you are putting that philosophy into action. Our current volunteers represent over 13,000 Box Elder Credit Union member-owners.
Members are considered “owners” of the credit union and, as such, elect other members to serve on the Board of Directors. The Board of Directors is a diverse group of successful individuals, each serving two to three-year terms. As a true democratic representative group, each member, no matter the size of his or her deposit, has one vote in electing the Board which guides the credit union.
It is the Directors’ responsibility to set credit union policies, objectives and long term goals which are considered vital in the health and well-being of Box Elder Credit Union. Once elected, Directors have the opportunity to share their business experiences, leadership skills and management capabilities in a team effort.
How to Become a Volunteer
If you are interested in running for the Board of Directors, read the Volunteer Application Package, fill out the forms inside, and return them to the Credit Union.
Download the Application Package:
Q & A
When running for a vacant Board position all that is required of you is to be a member of at least 18 years of age and a member in good standing with the Credit Union. To be considered you also need to read and fill out the application package.
Each year the Board will appoint a nominating committee who will review a list of nominees for the office of Director and select the individual(s) who possess the skills and experience necessary for this position. Then the membership will vote on who they would like to represent them.
Directors are elected to a two- three year term and may run for re-election should they so desire; the credit union does not impose term limits.
The primary meeting of the Board of Directors is once per month. The meeting is held on the 3rd Thursday in the evening hours at 5:00 p.m. and often takes one (1) to two (2) hours. There are times however when special meetings are necessary and can be called during the day or evening.
Director meetings are extremely important and must be taken seriously and as such must be given a high priority in one’s schedule. Critical information is shared at each and every meeting and only through your attendance can you expect to make intelligent decisions for the credit union.
Once a year you will also be required to attend a Strategic Planning weekend that is usually held in the fall.
The credit union stresses the importance and relevance of education to our volunteers. Every year the credit union provides each director with several opportunities to attend educational forums.
There is no compensation given, thus the literal meaning of “VOLUNTEER”.
The primary responsibility of a Director is to safeguard the member’s financial assets and to meet our member’s needs in terms of product and services. Directors develop a road map of priorities (strategic planning) for management and staff to follow. Directors set policy in such areas as: lending, collections, and investments just to name a few. Each Director will be assigned to certain committees to help with.
Volunteers must maintain a balanced focus on serving member needs while preserving the financial strength of the credit union. Below are some important factors to consider “prior” to becoming a credit union volunteer:
- Be familiar with credit union products and services.
- Understand the economics and social conditions affecting the credit union.
- Be committed to attending both scheduled meetings and educational programs offered by the credit union.
- Be a member in good standing and utilize Box Elder Credit Union for your primary financial accounts.
- Act as an ambassador for your credit union. Pay attention to the needs and wants of fellow members as well as the community at large, and report your findings to credit union management.
- Always put the credit union first. The safety and soundness of Box Elder Credit Union should come before any personal agendas.
Serving as a credit union volunteer is a highly responsible and challenging position, which brings about tremendous satisfaction in the helping of others. To volunteer for your credit union simply complete our Volunteer Application Package and return it to the credit union.