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Interior FCU is looking to Mentor and Develop Future Directors of the Board

The Board of Directors are seeking up to 3 Associate Directors.  If you are interested, please review the position description and submit your application.

Job Title

Associate Director (AD)

 Reporting Relationship

Reports to: Chairman of the Board

 Summary

This position is a developmental position for individuals who are ultimately interested in serving on the Board of Directors for Interior FCU. While this is a non-voting position on the Board, the AD is expected to attend Board meetings, which are on the fourth Tuesday of every month in Rosslyn, VA.  The AD will participate in all Board discussions and deliberations and can serve as a voting member on any of the various Board committees, which meet on an ad hoc basis. Due to the nature of this position, there are some limitations. The AD may not serve as a committee chair, nor attend executive sessions of the Board that are primarily held to address personnel and pay issues.  

The primary objective of the position is to provide a structure to ensure that potential members of the Board of Directors revive adequate preparation to perform successfully and contribute to the success of the Interior Federal Credit Union.

    Qualification Requirements

  • A member in good standing at the Credit Union.

  • Has the ability and willingness to devote time and talent to preparation and participation in board meetings, committee meetings, special projects, assignments and independent study.

  • Has the ability to take and handle criticism for making necessary but unpopular decisions.

  • Ability to articulate rationale for offered suggestions in regards to improving the CU.

  • Has an open mind, the ability to use sound judgment, a willingness to accept responsibility, and the ability to make group decisions with fellow Board members.

  • Has a demonstrated desire to learn about the credit union, and its services, laws, and regulations that govern it, and the responsibilities of a Board member.

  • Has a combination of work experience, education and demographic representation that is appropriate for the position.

  • Has at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement and the ability to ask, as appropriate, substantive questions of management and auditors.

 Other Skills:

  • Knowledge of or the ability and willingness to learn about credit union products and services, including, but not limited to: savings products, lending products, information technology and other services offered.

  • Knowledge of or the ability and willingness to learn about the credit union system, its structure, common language and acronyms, philosophy and the credit union’s mission statement.

 Essential Duties and Responsibilities

  1. As a non-voting member, works with the Board and CU executive management team to develop strategies, objectives, and goals for the credit union through:

  • Attendance and active participation in strategic planning sessions.

  • Attendance and active participation in all meetings of the board of directors, generally monthly, with the exception of the board executive sessions.

  • Active participation in assigned Board committees.

  • Attendance at the annual meeting.

  • Confidentiality — The AD must hold in confidence all transactions of this credit union with its members and all information respecting their personal affairs, except when permitted by state or federal law.

  1. Maintains literacy and remains current regarding the CU’s finances to ensure its sound financial condition. Knowledge is gained with understanding how the Board:

  • Designates depositories, authorizes borrowing and investing, and provides for bonding and other security factors, including internal control procedures.

  • Approves interest rates, dividends, and refunds, or approves policies to guide management in doing so.

  • Approves loan limits and savings minimums.

  • Approves the credit union budget.

  • Declares dividend rates, based on recommendations of the ALCO committee.

  • Determines the rates, maturities, security, terms, and conditions for all loans granted by the credit union.

  • Determines policies relating to the granting and appropriate collection of loans and authorizes the charge-off of uncollectible loans.

  • Authorizes all appropriate borrowing for the credit union.

  • Authorizes the appropriate deposit and investment of funds of the credit union.

  • Determines the surety bond needs of the credit union at least annually and ensure that appropriate persons are bonded in accordance with applicable laws and regulations.

  • Acts on loans to Directors, Supervisory Committee members and Credit Union executive staff.

  1. Gains, and retains, an understanding regarding applicable policies of the CU’s operations and by-laws in order to participate on the Board to review the following:

  • Policies and bylaws and update as necessary.

  • Amendment of the credit union bylaws as appropriate.

  • Filling of vacancies (unexpired terms) of the Board of Directors and its various committees as needed.

  • All business affairs and affairs of members in a confidential manner and refrain from any relationship that would create conflict of interest with regard to the credit union.

  1. Learn more about the credit union system, its services, and about the individual responsibilities of a board member by:

  • Meeting the minimum training requirements.

ASSOCIATE DIRECTOR APPLICATION

2018 Annual Meeting

Interior FCU will be holding its 82nd Annual Meeting on Thursday, April 5th.

U.S. Geological Survey

12201 Sunrise Valley Drive, Reston, VA

1C111

11:00 a.m.

     

Pictures from the 2018 Annual Meeting held in Reston, VA

Main Interior Building

1849 C Street, NW, Washington, DC

Rachel Carson Room

2:00 p.m.

Public Speaking   Meeting of various people

Pictures from the 2018 Annual Meeting held in Washington, DC

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Credit Union College Scholarship 2018

The $12,000 Credit Union College Scholarship Program is underway now!  If you are a college-bound member, you are eligible to apply for one of ten $1,000 essay-based scholarships, one $1,000 video-based scholarship, and/or one $1,000 photo-based scholarship. Yes, you can apply in all three categories. Learn more.

Deadline for applications is March 31, 2018. Awards will be made in May 2018. Visit application site.

Here’s what’s happening at Interior FCU! Check back often to stay up to date.

2018 Credit Union Cherry Blossom Race

Runner in Washington   Two guys standing together    Group of People Smiling   Back of Interior shirt

 

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