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LAFCU’s 2010
Annual Meeting will take place Tuesday, February 23, 2010,
at 5:30 p.m. at our Los Angeles Mall Branch, 201 North Los
Angeles Street, Space 201, in downtown Los Angeles. Annual
status reports to members will be presented by our Board of
Directors’ Chairperson and Treasurer, the Supervisory
and Credit Committee Chairpersons, and LAFCU’s President/CEO.
Results of the annual Board election will also be announced,
& copies of the “Year 2009 Annual Report”
will be distributed.
For 2010, Board of Directors’ offices 1, 2, & 3,
each with three-year terms, are up for election. The officials
currently holding these offices are: Office 1 – Jack
Mathews, Office 2 – Jerry Waggoner, and Office 3 –
Roslyn Carter-Phillips. This year, each position will
be automatically re-elected by acclamation, since
no challengers submitted |
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a completed petition,
statement, and list of qualifications by the November 21,
2009 deadline. As a result, no ballots will be mailed for
this election.
Nominations for Board vacancies are made by a Nominating
Committee, or by petition. This year, the three incumbents
were nominated by that committee, and each nomination was
accompanied by a signed statement from the nominee stating
that they agreed to the nomination and would serve if elected.
Appointment(s) will be made by the Board of Directors to
two Board committees for the terms scheduled to expire, and
each term is three years. The Supervisory Committee is responsible
for the internal auditing of LAFCU, and the Credit |
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| Committee is responsible for meeting at
least weekly to evaluate member loan requests. Members
interested in serving on either committee must send a
letter of |
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| application and information concerning
any related experience to LAFCU, Attention: President/CEO,
by February 19, 2010.
Letters of application or résumés of
applicants not selected will remain on file for two
years for consideration in the event of a vacancy. An
important consideration and qualification for Board
and Committee positions is the willingness to volunteer
time to serve LAFCU and its members.
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