How Credit Unions and Their Leadership Work
The success of a credit union depends not only on its members’ participation and strong executive leadership, but also on the crucial leadership the Board of Directors and Supervisory Committee play in assuring success.
THE BOARD OF DIRECTORS
Credit unions are governed by a Board of Directors. The Board is elected by and from the membership. Members have one vote for the Board.
The Board’s role is to set the vision and strategic mission of the credit union, and to assure these are carried out in the members’ best interests.
THE SUPERVISORY COMMITTEE
A Supervisory Committee is comprised of members who are appointed annually by the Board. It functions as an independent entity, evaluating the soundness of the credit union. It works with the Internal Audit Department to assure the Board and the employees comply with regulations and that the credit union remains financially strong.
Vantage West’s 2016-2017 Board & Supervisory Committee
BOARD OF DIRECTORS
These dedicated leaders proudly serve on Vantage West’s Board of Directors. Elected by and from the membership, these professionals work closely with Vantage West’s CEO and senior management team to set strategic direction — ensuring Vantage West maintains its excellent financial standing in order to meet our members’ financial needs.
Our Board also prides itself on supporting the entire organization’s commitment to the communities we serve.
Dr. Paul Melendez
These dedicated leaders proudly serve on Vantage West’s Supervisory Committee. Appointed annually by the Board of Directors, the Supervisory Committee is an independent entity whose purpose is to evaluate the safety and soundness of Vantage West. Like the Board, this committee’s members must contribute knowledge and expertise for the good of the credit union and its members.
2017 Board of Directors Election
ELECTION UPDATE & STATUS
Vantage West’s Board of Directors consists of seven (7) Directors, who are elected by the membership for 3-year terms. Terms expire on a rotating basis so that approximately the same number of seats come up for election each year.
In 2017, two Director seats are up for election for new, 3-year terms.
The window to submit an application for consideration by the Nominating Committee for nomination closed on November 4, 2016. The Nominating Committee has announced their nominees:
Mr. Gregory Good
Greg has been serving as an Associate Director on Vantage West’s Board since 2015. He is a native Tucsonan and Wildcat who is in his 20th year of running his own private boutique law firm after working for large national and local law firms for seven years prior. His law practice emphasizes business, real property and trusts & estates, in and out of court.
Mr. Mitch Pisik
Mitch is Vantage West’s Chairman of the Board. He began as an Associate Director in 2015. Mitch has been the CEO of four companies over the past 15 years and held Executive positions for multi-billion dollar global companies including Rubbermaid and Kraft. He has conducted business in 36 countries, and has been a Board Member for several private, public and not-for-profit companies.
Nominations by Petition
The window for submitting applications and petitions for those seeking nomination by petition is now open. To be nominated by petition, interested members must submit both an online application, and a completed petition.
Petitions must be signed by at least 500 qualified Vantage West members. This requirement helps assure that only members who have a sincere and dedicated interest in serving as an elected volunteer Director and who have a representative share of the membership’s support are placed on the ballot.
Deadline: The application and petition are both due by close of business (5PM AZ local time) on Friday, February 17, 2017 (NOTE: This deadline has been extended from the originally-announced February 3 deadline).
Information and guidelines on how to seek nomination by petition.
Upon submission, petition signatures must be validated by Vantage West’s internal audit department. Petitions will be reviewed and candidates notified of the results by early-March, 2017.
Further election and Annual Meeting information will be announced to the membership in or around April of 2017, which may include a call for voting if there are more nominees than the number of seats up for election.
More About the Board & Supervisory Committee
Vantage West’s Board of Directors consists of seven Directors who serve three-year terms. Each year, a staggered number of terms expire, and an election is held for those seats. Directors are elected by and from the membership, with each member having one vote. The Board plays a crucial role in assuring Vantage West’s longevity. Therefore, Board candidates must contribute leadership, knowledge, and ideas with a passion to see that the credit union operates in the best interest of its members.
Directors should have professional experience; they must possess integrity, the ability to speak frankly, make sound judgments, and participate with fellow Directors and credit union executives. They must commit time, including (but not limited to) attending monthly meetings, annual planning sessions, training courses or conferences (sometimes requiring travel), and networking events.
To assure leadership continuity, Vantage West’s Board offers an
Associate Director Program. Associate directors do not vote. They are appointed by the Board, and they commit their time to train, serve, and contribute, much like Directors. Though experience will come as a result of this program, there is no guarantee an Associate Director will become a Director.
Vantage West’s Supervisory Committee is comprised of five voting members and two alternate members. It functions independently to ensure Vantage West’s and its membership’s assets are safeguarded — and that financial statements are audited each year. Much like the Board, its members possess integrity as well as the ability to speak frankly and make sound judgments along with the dedication of time for meetings, training events, and conferences (sometimes involving travel).
How to Get Involved
Volunteer leadership is crucial to Vantage West’s ability to remain financially stable, while performing as a member-centric organization that offers secure deposit products, competitive credit cards, affordable auto & home loans, innovative & convenient services, and more. Our leaders work diligently to assure that we remain true to our mission, “Working together to meet our members’ financial needs.”
As a member, the simplest way to support the credit union’s success and get the most out of your membership is to actively utilize the products and services we offer.
But if you have a desire to do more…to leverage your professional and leadership experiences, commit your time and dedicate your knowledge, help support Vantage West’s commitment to community, and if you believe you meet the qualification standards to serve as a Director or Supervisory Committee member, consider applying.