Thank you for expressing your interest in serving on the Board of Directors for Connections Credit Union. We truly have the pleasure of serving an incredible community of members.
We are pleased to provide you with more information below the application to help you determine if you would like to continue the process of being nominated for our 2026 Board of Director elections. Directors elected to serve on the Board do so as a voluntary position. No compensation is paid to any Director.
We have three positions open for 2026. Three positions have a three-year term. Elections will be held electronically starting on March 1st and run until March 20th. Results will be announced at our 89th Annual Meeting on March 25th, 2026.
Board of Directors Application
MISSION STATEMENT OF CONNECTIONS CREDIT UNION
Connecting communities and members to modern financial services while empowering financial success through time-honored Credit Union values.
Why Volunteer?
While different things motivate different people, some of the following reasons are often cited as the benefits of being a volunteer:
Meaningful opportunity to contribute—to help others.
Community recognition.
Affiliation with others.
Opportunity to contribute to members’ financial welfare.
Increase planning, policy, and management experience.
Recognition by peers and employers.
Staff-volunteer social events.
Conferences and travel.
Learning experience.
Directors’ Duties and Responsibilities
At a minimum, directors must be able to read and understand the credit union’s balance sheet and income statement and understand the following:
The structure and components of a balance sheet and income statement
The impact external and/or internal factors can have on financial statements
Why a working knowledge and understanding of financial statements is important for a Board Member.
Attendance is an essential component to serving on the Board and is reviewed by Regulatory Agencies as part of the examination process. Directors meet at least twice per quarter to direct and control the affairs of the Credit Union. Meeting options include in-person or virtually through Microsoft Teams.
Appoint members of the supervisory committee and other committees, as needed.
Provide for the proper bond and fidelity coverage for officers and employees.
Fill vacancies on the board until the next annual meeting.
Hire a President/CEO and determine responsibilities and compensation.
Declare all dividends and establish lending policies.
Establish and amend, as approved by the Department of Finance, the field of membership of the credit union.
Provide for an annual meeting and election of officers.
Authorize the charge off of delinquent loans.
Ensure that minutes are kept of all official meetings.
Training for Volunteers
New and current volunteers will receive numerous opportunities to upgrade their skills and knowledge. Educational opportunities range from monthly credit union publications provided to each board member, to more formal training sessions conducted by the industry conferences conducted by nationally recognized experts in various fields.
Time Involved
Currently, most board meetings are held on the third Thursday of every month at the credit union’s administration office or virtually through Microsoft Teams, beginning at 5:45 p.m. (Mountain). Board meetings usually last less than two hours. Occasionally, board members will be asked to attend a special meeting, training, or overnight planning session. These additional meetings average about two per year.
Characteristics of Succesful Credit Unions
Harmony and mutual respect between the individual Directors and President/CEO.
Development, implementation, and supervision of an overall business plan for the credit union that identifies goals and objectives, detailed written policies and procedures, annual operating budgets, and monthly reporting requirements.
Contingency planning which results in diversification of assets and liabilities, expansion of fields of membership, investigation of proposed services and activities, and computer modeling to project results.
Training classes are required for all officials and employees.
The ability for officials to attend board meetings consistently. Meeting options are in-person or virtually through Microsoft Teams.
Meaningful and cost-effective products and services delivered in a convenient, professional manner.
Members being treated with respect and courtesy by employees and volunteers
A fast and fair response to member inquiries and complaints.
Awareness of local, regional, national, and international events and trends, which may affect the credit union, its members, its regulator, or its insurer.
Positive outlook and dedication to excellence on the part of officials and employees.
We hope this introduction helps you to understand a little bit about Connections Credit Union, requirements for nomination, time commitment, and training involved in becoming a productive Director on the Board.
Thank you again for your interest and dedication to Connections Credit Union.