Here’s a breakdown of our annual meeting and why you should attend. We promise they aren’t as boring as they sound!
Why do we have an Annual Meeting?
Credit unions are not-for-profit institutions that are collectively owned by YOU, our members. At our annual meeting, our owners (members) elect the Board of Directors. The Board is a group of fellow members that volunteer their time to the credit union. They are responsible for overseeing and making important decisions on factors including policy and rate changes that affect our members.
What happens at the Annual Meeting?
ECCU’s Annual Meeting occurs from 12-1pm and lunch is served. You will receive a copy of our Annual report, get brief reports from the Chairman of the Board, President and Treasurer as well as a breakdown of the previous year’s financials. You’ll hear about how we performed last year and what our leadership is planning to make the credit union even better. Then, we will elect the Board of Directors and the meeting is adjourned!
Why should you attend the Annual Meeting?
Holding an annual meeting of its members is one of the distinguishing features of a credit union versus a bank. We want to fully disclose ourselves, our successes and our failures to our members. You’ll get to spend time with other members that genuinely care about the credit union. Plus, you can meet the President/CEO, Management Team and Board of Directors.
The Annual Meeting is the only time of the year to spend an hour focused on bettering your financial institution. It’s what makes us different and what makes us a family instead of a bank.