Board of Directors
Our volunteer Board of Directors is made of members just like you who bring their
managerial and financial expertise to the table.
Who can be a board member?
Any adult member of Northwest Community (in good standing) may
volunteer to run for election to the Board and help steer our
course. Board terms last three years, and three of the nine seats come up for election
each year.
Directors must be members in good standing of the Credit Union for at least two
consecutive years; be at least 21 years of age; be willing to agree to a criminal
background check and a credit check; and be bondable.
What does a Board Member do?
Board members are responsible for setting policies, approving budgets, and helping to
direct strategic planning. They evaluate operations and maintain financial performance
standards for the credit union. They are also responsible for appointing the credit
union’s President/CEO, who reports directly to the Board. The Board position is
voluntary and unpaid; however expenses related to Board business are paid for by the
credit union.
What does it take to be a Board Member?
Candidates should possess the personal qualities that are needed to enable them to
serve the Credit Union well. They should be honest, unselfish and act for the good
of the Credit Union's members. They should be interested in the Credit Union and
sufficiently generous to give their own time and skills to the affairs of the Credit
Union. They must have the ability to understand and must be able to think for
themselves.
How long does each Board Member serve?
Terms are for three years. Board members typically devote a minimum of approximately 6
– 8 hours per month to credit union business, including attending monthly Board
meetings at our headquarters in Springfield. Additional time may be spent gathering
information and training. Courses of study are available to Board members to help them
learn more about the operation of a financial institution.
What are the benefits of being a Board Member?
You’ll be a representative voice for your fellow members, and have a direct say
in the overall direction of the credit union. You gain knowledge and experience about
the running of a financial institution, strategic planning, and about the credit union
movement. Board members may also attend conferences and seminars on credit union topics
in various locations throughout the country. It is a great way to become part of a
unique organization that affects the financial lives of thousands of members.
How do I become a candidate?
If you would like to run for a position on the credit union’s Board of Directors,
you may