We are pleased to announce the meeting will be held at the Embassy Suites Hotel in Downey, California. Members are invited to attend on Thursday, March 23, 2017, at 6:30 p.m. Additional information will be available at a later date.
The following volunteer official positions are up for election:
Board of Directors—There are two (2) positions up for election. These positions are each for three-year terms. The candidates receiving the highest and second highest number of votes will be elected.
Supervisory Committee—There is one (1) position up for election. This position is for a three-year term. The candidate receiving the highest number of votes will be elected.
During the Annual Meeting, nominations will not be allowed from the floor. An election will not be conducted by ballot unless there is more than one nominee for each position.
See Nomination Procedures for details.
Those eligible members who wish to be considered for future positions need to obtain and complete Official Application Documents from the President/CEO at the address provided below. Candidates for the Board of Directors must meet the following criteria:
Candidates choosing to petition to run in future elections for the Board of Directors or Supervisory Committee must obtain and complete Official Application Documents including a Petition Form. To be eligible to run by petition, candidates must submit the following documents to the Credit Union at the address below: 1) Official Application Documents; and 2) Petition Form signed by eligible voting members. To be valid, the number of signatures on the Petition Form must be the greater of (i) one-twentieth (1/20) of 1% of the members entitled to vote or (ii) a minimum of one hundred (100) members.
Petitions must be submitted by February 1st to be considered.
For additional information on becoming a credit union volunteer, send us a message by clicking here or send your request to:
Southland Credit Union
ATTN: President & CEO
10701 Los Alamitos Blvd.
Los Alamitos, CA 90720
The Board of Directors, representative of the Credit Union’s membership and the community, is given the legal corporate authority and responsibility for the achievement of the Credit Union’s mission, and for its financial and operational stability in accordance with the California Credit Union Law, regulations of the California Department of Financial Institutions and in certain cases the National Credit Union Administration. Each Director is expected to become an active participant in a body that functions effectively as a whole. In addition to assisting in the exercise of the major duties of the Board of Directors, individual directors are responsible for exercising due diligence in the performance of their duties. Among other things, directors’ duties and responsibilities include:
The Supervisory Committee is tasked with the responsibility of ensuring that the Credit Union's Board of Directors and its employees are in compliance with the rules and regulations set forth by the National Credit Union Administration as well as the policies and procedures established by the credit union.
Inquiries to the Supervisory Committee should be directed to:
Southland Credit Union
P.O. Box 362
Los Alamitos, CA 90720-0362