News & Events
Board of Directors Nominees and Biographies
Shawn M. Buckner
Shawn M. Buckner is the Deputy Director, Office of Policy Analysis in the Assistant Secretary’s Office of Policy, Management and Budget within the Office of the Secretary for the Department of the Interior. Mr. Buckner is responsible for guiding the office’s efforts to provide policy, program, economic and issue analysis and coordination of Departmental activities. Mr. Buckner has nearly fifteen years of experience as a management consultant and government leader. He is passionate about leading high priority projects that result in optimal governance. He has successfully worked on a variety of complex issues with diverse groups of people to develop into a leader with a track record of success. This includes successfully managing a $300 million budget as the Chief Operating Officer for the District of Columbia’s Department of Human Services. Mr. Buckner has also served as the Chief of Program Operations for the Department of the Treasury’s Office of Safeguards which is responsible for managing all of the Federal Tax Information held by more than 300 Federal, State, and Local government offices. While at the Department of the Interior, Mr. Buckner effectively served as the Deputy Director for Operations for the Land Buy-Back Program where he was responsible for managing a trust fund of nearly $2 billion. Beginning in June 2018, Mr. Buckner has served as the Associate Director of the Interior Federal Credit Union increasing the diversity of ideas and opinions related strategic policy and procedures. This experience has further motivated him to pursue the role of a full board member. Mr. Buckner also serves on the board of the Wheeler Creek Community Development Corporation. This organization works on creating economic opportunities for all residents of the District of Columbia. While serving on the board he has productively worked with the District of Columbia’s Housing Authority, banking industry and local government. In addition, Mr. Buckner volunteers as a senior attorney at the Maryland Volunteer Lawyers Service. His practice area has been focused on home foreclosure prevention. Mr. Buckner evaluates the legal position of the individuals in distressed financial circumstances and partners with financial institutions to identify options for homeowners. Mr. Buckner earned his Bachelor of Arts from Virginia Commonwealth University, his Juris Doctorate from the University of Pittsburgh, School of Law, and Master of Science in Public Policy and Management from the Heinz School at Carnegie Mellon University.
Chris Colvin (incumbent)
Chris Colvin is a Legislative Affairs Specialist with the National Park Service. Prior to that he was a Management Analyst in the National Park Service Northeast Regional Office providing oversight on collection and expenditure of over $10 million in fee revenue per year. Chris has a B.A. in Integrative Biology from UC Berkeley and a Masters degree in Environmental Management from Yale University, focusing on law and policy. He has worked as a seasonal biologist and as an “Operations Manager” for a research collaboration based at Stanford University, managing communications, hiring, grant proposals, and financial reporting for an annual budget over $4 million.
Chris is currently a member of the marketing, strategic planning, and asset liability committees. The Interior FCU is facing important opportunities for growth. To continue improvement of rates and services, we need to increase and diversify our membership. As a relatively new member and a young person with quantitative analysis skills, Chris will continue to help evaluate opportunities to provide services that will attract new members, as well as develop strategies for engaging with potential new members.
Chris will focus on enhancing rates and services for all members, improving new member onboarding, and recruiting new members to build the next generation of credit union members and advocates, so that the Interior FCU can continue to improve its services for members. Chris is a strong believer in and advocate for cooperative businesses and credit unions. Banking and financial services are critically important and should primarily benefit people and communities—and profits should be shared by member/owners.
Mark H. Davis (incumbent)
Mark H. Davis has been a member of the Interior Federal Credit Union for over 15 years and has served on the Board of Directors since 2012. While on the Board, he has served as Secretary and currently is the Vice President. His goal for the Credit Union is to provide slow but steady growth, backed by sound leadership and oversight to provide first class service to its members Mark recently retired from the federal government, having served his last 10 years as a member of the Senior Executive Service.
Mark worked in the Federal budget community for over 20 years at the Bureau of Land Management, the USDA Forest Service, Senate Appropriations, the Department of the Interior, the Office of the Special Trustee for American Indians, and the Office of the Chief Information Officer.
Mark has a B.S. and a M.S from the University of Wisconsin, Stevens Point. Mark has been active in his community throughout his entire career, which spanned Nevada, California, Mississippi, and the District of Columbia. Among other civic activities, he served on the Board of Directors for his Home Owners Association, an Anti-Gang Task Force in Southern California, and the Board of Trustees for the Battle Mountain General Hospital. Most recently he volunteered as a handy-man for a local elementary school. Mark enjoys traveling, skiing, biking, and stand-up paddle boarding. Mark and his wife Rita have 2 adult children and just recently became first time grandparents!
Monica Taylor Lane (incumbent)
As a long time Interior employee, who has dedicated more than 30 years to the Department, Monica Taylor Lane is currently a Systems Accountant with the Office of Financial Management (PFM) in the Office of the Secretary (OS). In PFM, Monica serves as a financial management policy expert, writing Departmental policy for the 10 Interior bureaus and the Interior Business Center (IBC). Having worked in the various divisions of PFM, including the Systems, Financial Reporting and Internal Control and Audit Follow-up Divisions, she clearly demonstrates a wide range of knowledge, skills and abilities in financial operations. Early in her career, Monica worked as an Operating Accountant for OS and later as a Systems Accountant for the former Washington Administrative Service Center (now known as the IBC). She is a member of the Association for Government Accountants and is a Certified Government Financial Manager. Monica earned a B.S. Degree in Accounting from Johnson C. Smith University (summa cum laude), M.S. Degree in Management Information Systems from the University of Maryland University College and is a member of the Alpha Kappa Alpha Sorority, Inc. Today, Monica currently serves as a Board member for the Interior Federal Credit Union; Chairperson of the Interior Loan Review Committee; and member of the Strategic Planning & Policy Oversight Committee; Technology Committee; Loan Policy Committee; and the Merger/Acquisition Committee.
Interior FCU is seeking candidates for the Board of Directors
The Board of Directors are seeking for their Board of Directors. If you are interested, please review the position description and submit your application.
Reports to: Chairman of the Board
In applying for the position of a Director on the Board of Directors of Interior Federal Credit Union (IFCU), you are committing to serve the Board as a voting member, develop policies, procedures, and regulations for the operation of the IFCU; and to monitor finances of the Credit Union, its products and performance. You agree to fulfill all of the obligations, contained below, and will immediately resign your position should you be unable to fulfill the duties and responsibilities of the position. You need to fully understand your fiduciary responsibility that will be entrusted to you and you will perform the duties to the best of your abilities.
The term of your appointment is normally three years from the annual meeting.
- Candidate must meet the minimum age requirement of 18 years as of the election date and be a member of Interior FCU in good standing, defined as follows:
- $25 minimum balance in savings.
- No delinquent loans.
- Candidate should be prepared to attend monthly board and periodic committee meetings if elected. Per the Board Standard of Performance, a director may be removed due to lack of attendance and his/her candidacy for a subsequent term may be rejected.
- Desirable qualifications include actively serving on a standing or special committee of the Credit Union.
- No nominee for office shall serve in any capacity in the election process. No employee or relative of an employee of our Credit Union shall be allowed to run for any elected office.
- All officials and employees of other financial institutions will be prohibited from running for elective office of this credit union because of Part II of the NCUA Rules and Regulations, which prohibit “Management Official Interlocks.”
Expected Meeting Attendance:
- Regularly attend meetings as scheduled, at the minimum 12 per year or as deemed necessary.
- Board Meetings are normally in the evenings, the 4th Tuesday of each month, in Arlington, VA
- Participate in committees of the Board as appointed
- Attend Board retreats, workshops, and other training opportunities
- Attend the Credit Union annual meeting and other special events as needed.
- Attend strategic planning sessions as scheduled.
- Establish policy
- Select, Appraise (annually), and support the President/CEO
- Monitor finances and assure financial soundness
- Develop, monitor, and update long-range plans
- Assure that products and services meet the needs of the members
- Keep current with all regulations, policies, and trends in order to make sound critical decisions.
- Attend or complete annual training seminars the cost of which (seminar costs) will be reimbursed by the credit union.
- Report immediately to the Chairman any conflicts of interest that would prohibit you from fulfilling all of your duties and responsibilities as a Director.
- Attend meetings
- Be well informed on agenda items and read the Board Packet in advance of meetings
- Listen respectfully to others points of view
- Participate in open exchange of ideas
- Participate in decision making
- Represent the Credit Union to the public and to members
- Educate yourself about the needs of the members served by the Credit Union
- Participate in training events to increase your knowledge to better serve the membership.
The Board of Directors are seeking up to 3 Associate Directors. If you are interested, please review the position description and submit your application.
Associate Director (AD)
Reports to: Chairman of the Board
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.
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.
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
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.
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.
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.
Learn more about the credit union system, its services, and about the individual responsibilities of a board member by:
Meeting the minimum training requirements.
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
Pictures from the 2018 Annual Meeting held in Reston, VA
Main Interior Building
1849 C Street, NW, Washington, DC
Rachel Carson Room
Pictures from the 2018 Annual Meeting held in Washington, DC
Signup for text alerts for a chance to win a $50 iTunes gift card!
KEEP INFORMED! Members can opt-in to receive news and special offers…JUST FOR YOU! Opt-in today by texting “IFCU” to 72000. Members can opt-out by texting “STOP”. SIGN UP AND YOU MAY WIN A $50 ITUNES GIFT CARD FROM OUR MONTHLY DRAWING.
Credit Union College Scholarship 2019
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, 2019. Awards will be made in May 2019. Visit application site.
2018 Credit Union Cherry Blossom Race