Join Our Board
Board and Advisory Directors help shape our future.
Volunteering to serve as a City CU Board Director or an Advisory Director can be a rewarding experience - you can share your experience in business and/or community leadership and management while representing your fellow credit union members in our community.
Director volunteers maintain a balanced focus: serving the needs of the membership while preserving the financial strength and long-term viability of City CU and ensuring fiscal responsibility.
Our Board nominating committee reviews nominees who possess the skills and experience necessary for the volunteer position. The election or re-election of the Board of Directors is held at our Annual Meeting in March.
Board of Directors
Board members provide strategic direction and governance and monitors the overall business of City CU. Along with committing to attend monthly Board meetings and any applicable committee meetings, Directors must complete annual continuing education requirements. Directors serve for a three-year term.
The Advisory Director participates in strategic and general policy discussion with City CU's senior management and Board of Directors. This is a non-voting position and serves a one-year appointment, rotating through the designated Board committees. Appointments are made by a majority vote of the Board of Directors and are renewable based on mutual consent and Board approval.
The Advisory Director Program provides an opportunity for serving City CU and as a way to train and prepare for becoming a Board Director. Appointment as an Advisory Director doesn't guarantee nomination or election to the Board of Directors.
Primary Function of a Board Member
- Work with the CEO and the Board to develop objectives and goals and approve the operating budget
- Establish and oversee policies to plan and ensure financial integrity and continuity
- Ensure City CU maintains sound financial conditions and that City CU's assets are protected against unauthorized or illegal acts
- Stay updated on state and federal issues that affect financial institutions and credit unions
- Review Board reports each month and understand the economics and social conditions affecting City CU
- Make sure City CU adheres to pertinent laws, regulations and sound business practices
- Ensure policies are developed/reviewed and updated with bylaws on an annual basis
- Commit to attend monthly Board meetings and strategic planning sessions or other meetings
- Provide the annual report to the membership
- Ensure succession plans are developed for the CEO and Board Directors and, if needed, assist with recruiting/hiring a new CEO
- Fulfill yearly educational requirements
To Be Considered: When running for a vacant position, you must be a member in good standing; be age 18 or older; file nominations petition and any other documents on time; be bondable by City CU's fidelity bond company; and authorize a background check.
Educational Requirements: Volunteers are required to complete the Financial Literacy Requirement as required by NCUA and structured by City Credit Union no later than the twelfth month in office. The Financial Literacy Requirement consists of information on general Credit Union philosophy, operations, and regulations. The courses may be online or seminars and provided by City Credit Union at no cost to the volunteer member.
- Be a City CU member in good standing and comply with the director's eligibility and disqualification rules (Texas Credit Union Rules, Subchapter E, Rule 91.501).
- Be at least 18 years of age and not employed by City CU for the past two years, nor be an employee, officer or director of another financial institution.
- Have demonstrated leadership experience in business/community and an aptitude for financial information. An undergraduate degree from an accredited college or university is preferred.
- Commit sufficient time to exercise director duties and stay current in the field through continuing education.
- Exhibit high moral and ethical character and exhibit independence and objectivity in representing the best interests of the membership.
- Demonstrate excellent communication and interpersonal skills and facilitate positive working relationships with other Board members and senior management.
- Have a knowledge of, or a willingness to learn about, financial and auditing principles.
- Demonstrate an interest in learning about City CU, our services, the laws, and regulations that govern us and the responsibilities of a committee member.
- Maintain an open mind with the ability to employ sound judgment, accept responsibility and function effectively within a group.
If this sounds like something you're interested in, complete an application.