A Message from our President
An Important Vote on By-Laws
It’s that time of year again: RBCU Annual Meeting time. The notification for the annual meeting has been included in the latest Quarterly Interest newsletter and can also be found here on the rbcu.org website. I hope to see many of you on April 28th.
Speaking of our Annual Meeting, there are two big differences this year. To begin with, there was no true Board member election this year. Three Board seats were open and there were three candidates presented from the Nominating Committee of the Board. Therefore, the Nominating Committee filled the open seats with all available candidates and no vote was required. Two were incumbents and one is a new Board member. By now, you should have received an important envelope in the mail. On one side of the included papers you can see the photos and read the short bios of the three members who have been chosen to fill the open seats.
The rest of the envelope’s contents have to do with the other major difference concerning this year’s annual meeting. It is another type of member vote. Specifically, the Board has proposed changes – a By-Law Amendment – to RBCU’s existing By-Laws. The amendment proposal reduces the number of Board seats from 11 to 9. Reducing the number of seats in the By-Laws requires membership vote.
Please review the information included in the mailing you have received and please, take the time to vote. Doing so will once again demonstrate your part in one of the most fundamental differences between credit unions and other financial institutions: member ownership. You belong to a member cooperative; ALL members are owners. Your vote matters and has a direct impact on how the credit union operates.
Finally, I must announce that this year we also have a Board member stepping down from his long held position. The man I am speaking of has served RBCU for the past 16 years. His first four were as a Supervisory Committee Member and then the past 12 were served on the Board. Mark Oliver has been a great Board member to work with. He has helped forge some of the big changes that have taken place over the last few years; changes that took place in order to position RBCU for a successful future. Thank you Mark – for all of your years of service to RBCU as well as to its members.