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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
A Nominating Committee has been appointed and it is the duty of the Nominating Committee to nominate at least one member for each of the Board positions for which elections are to be held.

The Board of Directors has also determined that any interested member of the credit union shall have the right to submit his or her name directly to the Nominating Committee for consideration as a candidate for the Board of Directors. The Nominating Committee will be accepting applications beginning on August 1, 2018 at 9a.m. and ending at 4:00 p.m. on August 31, 2018.

If you would like for the Nominating Committee to consider you as a candidate, please submit a completed nomination application packet to the attention of the 2019 Nominating Committee at 2730 Rodd Field Road, Corpus Christi, Texas 78414 no later than 4:00 p.m. on August 31, 2018.

You can download the nomination application packet using the button below or pick up at the J. Wayne Vann Administration Building located at 2730 Rodd Field Road, Corpus Christi, Texas 78414.

Petition Process
If not selected as one of the Nominating Committee’s candidates, a member can petition to be on the 2018 Board of Directors ballot.

Petition Packets will be available on 10/1/18. 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.

Nomination Application Packet

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