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 2023 Nominating Committee is preparing to make nominations for open positions on the Board of Directors. Please email the credit union if you have interest in serving.
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