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Election of Board Directors - NavyArmy Community Credit Union in Corpus Christi and the Rio Grande Valley, Texas

The nomination and election of members to serve on the Board of Directors of Navy Army Community Credit Union (NACCU) is governed by the Credit Union’s Bylaws and the policies and procedures adopted by the Board of Directors.

To serve as a Director, there are two ways to be placed on the election ballot at the Annual Meeting: Nomination from the Nominating Committee or through the Petition Process.

In 2018, there are three positions available.

Director Duties & Responsibilities
Directors are elected by the general membership of NACCU and serve three-year staggered terms. Directors are legally and morally responsible for all activities of NACCU. Directors are responsible for determining NACCU policy, approving the annual budget and long-term spending goals, setting interest and dividend rates and determining investment policy.
Director Requirements
All members over the age of 18 are qualified to serve on the Board of Directors, subject to the following qualification exceptions:

A member may not serve as director of a credit union if that member:

  • Has been convicted of any criminal offense involving dishonesty or breach of trust;
  • Is not eligible for coverage by the blanket bond required under the provisions of the Act, or §91.510 of this title (relating to Bond and Insurance Requirements);
  • Has had a final judgment entered against him/her in a civil action upon the grounds of fraud, deceit, or misrepresentation;
  • Has a payment on a voluntary obligation to the credit union that is more than 90 days delinquent or has otherwise caused the credit union to suffer a financial loss;
  • Has been removed from office by any regulatory or government agency as an officer, agent, employee, consultant or representative of any financial institution;
  • Has been personally made subject to an operating directive for cause while serving as an officer, director, or senior executive management person of a financial institution; or has caused or participated in a prohibited activity or an unsafe or unsound condition at a financial institution which resulted in the suspension or revocation of the financial institution’s certificate of incorporation, or authority or license to do business;
  • Has failed to complete and return a director application; or
  • Refuses to take and subscribe to the prescribed oath or affirmation of office.
Options to be on the Ballot for Election
Nomination by Nominating Committee

(September 16, 2018)

The Nominating Committee has placed the following individuals up for nomination:

  1. Kendra Kinnison
  2. Sylvia Martinez
  3. Pete Rivera

Petition Process

The Bylaws allow members to petition for nomination to the Board prior to the Annual Membership Meeting and have their name placed on the ballot at the Annual Meeting.  The petition must be signed by a minimum of 500 members who are in good standing, designated as the “Primary Owner” on the account, at least 18 years old, who has a minimum of one full share ($25) in the share/savings account, has not caused a loss to NACCU, and is not past due 90 days or more at the time of the petition process.

On October 1, 2018, petition packets will be available at the locations listed below. Completed petition packets are due back to NavyArmy by 4:00pm (CST) on November 1, 2018. Note: Candidates must pick up and return petition packets in person for verification and signature.

NACCU policy prohibits solicitation of petition signatures and distribution of literature on anyone seeking nomination by petition on any NACCU premises.

Petition Pick-Up & Return Locations:

  1. J Wayne Vann Administration Building located at 2730 Rodd Field Road, Corpus Christi, TX 78414
  2. Shary Road Branch located at 408 Shary Road, Mission, TX 78572

All completed petitions returned by the “due back” date set forth above will be reviewed and validated to ensure full compliance with the election rules and requirements set forth in the RULES AND INSTRUCTIONS FOR THE COMPLETION OF THE OFFICIAL PETITION & TEXAS CREDIT UNION DIRECTOR APPLICATION AND AGREEMENT TO SERVE FORM.   After such review and validation, if there is more than one candidate for each position to be filled, the election shall be by voting conducted at the NACCU Annual Membership Meeting on February 12, 2019. The Board Secretary shall cause printed ballots to be distributed to the members who are eligible to vote and attending the Annual Membership Meeting. In such event, the election shall be determined by plurality vote. If there is only one nominee for each position to be filled, the election will be by acclamation and no election will be conducted by ballot.

 

 

2019 Board Election Schedule

Applications for
Nominations Available
8/1/18
Applications for Nomination
Deadline for Submission
8/31/18
Nominating Committee
Candidate Selection
9/1/18-9/15/18
Candidate Notification 9/16/18- 9/30/18
Petition Packets Available 10/1/18
Petition Packet Submission Deadline 11/1/18
Notification to Members
(Nominees & Petition Candidates)
1/10/19
Annual Meeting 2/12/19