Board of Director Openings

APPLICATION DEADLINE: November 10, 2017
PETITION FOR NOMINATION DEADLINE: December 10, 2017

The VSECU Board of Directors guides our organization in its mission to improve the lives of Vermonters and help empower Vermont communities to achieve greater financial, environmental, and social prosperity. If you feel you could be instrumental in bringing people together through the cooperative spirit to help engage positive social impact in Vermont, we’re interested in hearing from you.

VSECU is a financial cooperative owned by its member-owners who annually elect fellow members as directors of the board. The VSECU Board of Directors is made up of eleven members, each serving our membership for a regular three-year term in a volunteer capacity. The fiduciary duties of the board are to provide general direction and control of the credit union affairs and direct the CEO to ensure the sustainability of our cooperative while meeting the needs of our members.

Board governance responsibilities are significant and the commitment must be unwavering. In a world of complex regulations, security and compliance, evolving technologies, risk management, increased competition, and societal demands for more than a commodity solution, the role of a director can be challenging with inherent risk and liability. For the right individual, it can be rewarding and fulfilling as VSECU looks for ways to improve the lives of our members and create stronger Vermont communities.

CALL FOR VOLUNTEERS:

Four (4) Open Board of Director Positions


Four three-year terms. If you have the passion and ambition to use your business, cooperative, innovative, and/or entrepreneurial experiences to support VSECU in promoting individual, member, and community sustainability and success, take a look at the qualifications, read the full job description, and submit your resume.


DIRECTOR QUALIFICATIONS

A director must be a member in good standing at least 18 years of age, must qualify for bond coverage, and must not have ever been convicted of embezzlement, forgery, larceny, theft, robbery, falsifying information, fraud, or any kind of criminal misperformance of duty.

A director is expected to bring a high level of competency, engagement, and experience to the job. The ability to think conceptually and strategically with critical thinking and sound judgment is imperative.

A director should have the ability to read and understand complex financial statements, such as balance and income sheet statements, and know when to ask, as appropriate, substantive questions of management and the internal and external auditors.

A director should exhibit knowledge of the cooperative principles, concepts, and values as well as an understanding of the principles and values of VSECU.

A director should be engaged, communicative, and must be able to articulate his or her views frankly, work productively with others, and demonstrate a willingness to commit to the time and effort needed to be an engaged board member.

A director should be able to demonstrate knowledge and understanding of business, financial, and social issues at both the local and national level, and have a forward thinking mindset.

Read the complete directors job description…


APPLICATION PROCESS

If you are interested in being nominated to serve on our Board of Directors, there are two ways in which you can submit your application:

By Nomination – A Nominating Committee, appointed by an official of the VSECU Board of Directors on or before November 10 the year prior to the Annual Meeting, will review member submissions and select qualified nominees on or before December 10. Individual interviews and/or an orientation may be scheduled as part of the selection process. Selected candidates will be included on the election ballot.

Submit your letter of interest and professional resume to: ahodgdon@vsecu.com.

By Petition – A member may submit by petition to the Supervisory Committee proclaiming his or her candidacy to serve as an elected official of the credit union. Petitions must be received no later than December 10 of the year prior to the Annual Meeting and must clearly state the member’s name, position which he or she seeks, and the signatures and printed names of at least fifty (50) members of VSECU who are at least sixteen (16) years of age and who, by their signature, proclaim support of the member’s nomination. The Supervisory Committee shall review and validate each petition on or before December 20 and names will be included on the election ballot.

Petitions can be mailed to: Ann Hodgdon, VSECU, P.O. Box 67, Montpelier, VT 05601.