APPLICATION FOR NOMINATION

FJCU - BOARD OF DIRECTORS

DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS

In applying for the position of a Director on the Board of Directors of First Jersey Credit Union, you are committing to serve the Board as a voting member, develop policies, procedures, and regulations for the operation of the First Jersey Credit Union; 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 three years from the annual meeting.

Expected Meeting attendance:

  • Regularly attend meetings as scheduled, at the minimum 12 per year or as deemed necessary.
  • 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.

Obligations:

  • 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.
  • Upon completion of all training seminars provide a brief presentation to the board in order to expand that training to the entire board.
  • Report immediately to the Chairman any conflicts of interest that would prohibit you from fulfilling all of your duties and responsibilities as a Director.

Specific Duties:

  • Attend meetings
  • Be well informed on agenda items 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.

ELIGIBILITY REQUIREMENTS:

  1. Candidate must meet the minimum age requirement of 18 years as of the election date and be a member in good standing, defined as follows:

    • $50 minimum balance in savings.
    • No delinquent loans.
  2. Candidate should be prepared to attend monthly board and periodic committee meetings if elected. Per the Policy Manual, a director may be removed due to lack of attendance and his/her candidacy for a subsequent term may be rejected.
  3. Desirable qualifications include actively serving on a standing or special committee of the Credit Union.
  4. No nominee for office shall serve in any capacity in the election process. Examining Committee members shall not serve in the election process since they will have to count the ballots in case of a recount.
  5. No employee or relative of an employee of our Credit Union shall be allowed to run for any elected office.
  6. 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.”

APPLICATION PROCESS:

  1. Complete, print and sign the following application. Submit to FJCU at least 120 days before the Annual meeting for member to be considered by the nominating committee. Any member meeting the eligibility requirements, but not nominated by the committee, may use the petition process. You will also need to submit a head shot of yourself for the election process. If you do not have a photo, our Marketing Department can take one for you. Call 973-305-8889.
  2. All the above materials can be dropped off or mailed to: First Jersey CU, Attn: Annual Meeting & Election Committee Chair, One Corporate Drive, Wayne, NJ 07470.
  3. If you have any questions regarding the nominating procedure, contact the current Chairman of the Nominating Committee who can be reached through the corporate office number- 973-305-8889.

Please answer all questions:

NAME (Last, First, Middle Initial)
MEMBER NUMBER (Account No.)
HOME PHONE
FAX NUMBER
E-MAIL ADDRESS
BUSINESS PHONE
EMPLOYER
POSITION/TITLE
DEPARTMENT

Do you have a relative(s) that works for the credit union?  
IF YES, you are ineligible to apply

LIST ANY CREDIT UNION COMMITTEES (INCLUDE DATES) YOU HAVE SERVED ON, FJCU OR OTHER:

LIST ANY OTHER EXPERIENCE (INCLUDE DATES) RELATED TO THE FINANCIAL / BANKING INDUSTRY:

LIST ALL OTHER COMMUNITY SERVICE OR CHARITABLE ORGANIZATIONS YOU HAVE BEEN INVOLVED WITH. INCLUDE LENGTH OF SERVICE AND ANY OFFICES OR POSITIONS HELD WITH SUCH ORGANIZATION:

Q&A

The “Questions and Answers” section below is intended to provide members with a better understanding of the skills and strengths that you would bring to the credit union if elected to office. Answers to the following questions must be limited to 75 words or less per question. All answers are to be reprinted verbatim. If an answer is more than 75 words, the credit union reserves the right to edit your information to comply with the 75-word requirement.

Question 1: If elected, what assets (i.e. skills, expertise, etc.) would you bring to the Board of Directors, and how would these benefit the Credit Union and its members?

Question 2: If elected, what would be your primary focus for the year as a member of the Board?

COMMITMENT TO HOLD OFFICE:

By signing below,

  1. I certify that I have read and meet the above “ELIGIBILITY REQUIREMENTS”.
  2. I certify that I have read the attached “DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS” and understand that this is a non-paying, volunteer position.
  3. I pledge that if elected, I will carry out the responsibilities of a director to the best of my abilities and work for the betterment of First Jersey Credit Union.

Signature: __________________________________________________     Date: _________________________
   
Address:
Daytime Phone Number:
Current Employer:
Your Position/Title:


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