Seeking Candidates for Board & Committee positions
Would you like to help make a vibrant difference in the general direction of Los Angeles Federal Credit Union? If so, then consider volunteering as a member of our Board of Directors, Credit Committee or Supervisory Committee. The Board has the ultimate responsibility for the control and continued solvency of LAFCU, and our committees review loans and audits. An important consideration and qualification for a position is the willingness to volunteer time to serve LAFCU and its members. We continue to be financially secure, due in part to the caring and knowledgeable Board and Committee members.
Since 1936, LAFCU has been governed by a nine-member volunteer Board elected by credit union members. Each term is three years and every year, three board terms expire. Committee members are also appointed annually by the Board for three-year terms. The nominating committee seeks candidates among the members of the credit union who may be interested in serving on the Board or a Committee. Current board members are permitted to run for reelection and current committee members may seek reappointment.
EligibilityLAFCU membership is required. You must be a primary account holder of a LAFCU share account.
Meeting requirementsAttendance is required at regular board meetings, normally held on the third Thursday evening of the month beginning at 5:30 pm, located at or near the LAFCU headquarters in Glendale, CA, or at our LA Mall branch in downtown Los Angeles. Typically, these are dinner meetings that last about three hours. Committee members must also attend monthly or more frequent meetings during business hours. Volunteers also represent LAFCU at designated events at various times.
CompensationFederal law states that credit union board and committee members are not authorized to receive compensation for their services.
Are you Ready to Seek a Rewarding Position on the Board or a Committee?If you are ready, please send us a letter explaining your interest and attach a resume of your qualifications and biographical data, and it will remain on file for two years in case there’s a vacancy. All letters on file by the second Friday of October each year will also be sent to our nominating committee for their consideration.
By Mail:Los Angeles Federal Credit Union
300 S. Glendale Ave
Glendale, CA 91205
Associate Director positionLAFCU is accepting applications for Associate Directors to serve ONE-year terms with our experienced Board of Directors. This non-voting position, appointed by our Board, provides an opportunity for interested members to learn about the board process and gain an educational background on the internal policies and procedures of LAFCU.
Each applicant must complete and submit the Associate Director application which will remain on file for one year after receipt in case an opening becomes available. The application can be found by searching “Associate” in the “Ask a Question” search field near the top of each webpage.
Resumes and letters of interest will remain on file for two years, in case there is a vacancy. Members may also be nominated by petition. More information concerning this process is available by email: President-CEO@lafcu.org, or in a story in our October (Fall) Inside LAFCU newsletter that’s inserted or linked to the LAFCU September statement the first week of October. LAFCU bylaws provide that an election will not be conducted by ballot when there is only one nominee for each position to be filled. In the event there are more nominees than vacancies, an election will commence in January. The results of the election will be announced at the next LAFCU annual meeting, scheduled the last Tuesday of March at our LA Mall branch.