Not For Profit, But For Service
This phrase not only describes the credit union, but also the nature of the board. Credit unions are not-for-profit cooperatives owned by their members. This means that when you become a member of a credit union, you become part owner. As a member-owner, you have a voice as to how the credit union operates through the Board of Director’s election process.
Unlike a bank, which has stockholders who operate in their own best interest, a credit union’s board of directors is elected by its members. This basic principle is what really sets credit unions apart from other financial institutions. An elected volunteer board of directors who are also member-owners are sure to help operate in the best interest of its fellow credit union members.
The management team at a credit union manages the day-to-day operations and keeps the credit union running. The board of directors works with the management team to represent the member-owners’ best interests on things like promotions, rates, and events.
The credit union’s annual meeting will be held at 4:00 p.m. on March 22, 2023 in the meeting room at Eagle Federal’s main office in Baton Rouge.
The nominating committee has nominated the candidates below to serve for a 3-year term. There will be no nominations from the floor at the annual meeting and there will be no election by ballot when the number of nominees equals the number of open positions. Members may make nominations for vacancies by petition signed by 1% of the members to be received no later than February 10, 2023. Candidates must meet minimum requirements as posted below.
Must be a member of Eagle LA Federal Credit Union
No criminal conviction involving dishonesty
Meets minimum age of 18
Financial experience helpful
Must have no conflict of interest
Candidates: Wendell Young – Retired from LA Dept. of Social Services he was a multi parish manager from 1985 to 2021 in Opelousas LA. Mr. Young administered the SNAP and Childcare programs to provide services to lower income families. He is a past Treasurer of LA Conference of Social Welfare and past President of the Parish Manager Association. Mr. Young holds a BA in Criminal Justice from LSU. He has volunteered for the Eunice Jaycees for 20 years and has served on the board of Eagle LA FCU since 2011.
Helen Petho – Retired from service to Louisiana after 36 years in various offices including the Secretary of State, LSU, Student Financial Assistance, Public Safety, the Department of Natural Resources, Civil Service, and the Department of Insurance. Ms. Petho passed the Certified Internal Auditor exam in 1994, and holds a BA in Accounting from LSU graduating in 1991. She serves her community as an elder for the Albany Hungarian Presbyterian Church and has served on the Eagle LA FCU Supervisory Committee since 2011.