Volunteers Needed!
Apply to join the PSCCU Board of Directors
The Board of Directors plays a critical fiduciary role, ensuring the organization operates in the best interests of its members. The Board is responsible for setting the strategic direction, establishing policies, ensuring regulatory compliance, and safeguarding the financial stability of the credit union. This fiduciary duty includes acting with loyalty, care, and prudence while making decisions that align with the mission and long-term success of the institution.
While the Board provides governance and oversight, it does not engage in day-to-day operations. That responsibility falls to the Chief Executive Officer (CEO), who is the only employee directly hired and supervised by the Board. The CEO serves as the link between the Board’s strategic vision and the operational execution of the Credit Union’s mission.
Who Can be a Board Member?
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Must be a member of the credit union
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Must be bondable by the credit union’s surety bond company
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Cannot be related to any credit union employee
Duties:
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Must remain informed as to the affairs of the credit union.
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Support the credit union movement
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Directors are required to:
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Reaffirm policy guides for management and staff.
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Provide information to new Board members on existing policy.
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Annually, perform a systematic review and evaluation of policies.
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Establish programs consistent with the purpose of the credit union.
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Meet at least monthly to carry out the business of the credit union.
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Fill any vacancy on the Board of Directors for an unexpired term of a member.
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Be willing to mentor new or Associate Board members
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Maintain working relationship with credit union management and committees.
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Participate in and approve an annual performance and salary review of the CEO and when necessary, hire a new CEO.
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Must not be absent for more than one-fourth of the regular board meetings in any twelve-month period.
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Term period is three (3) years.
