L E A G U E O F S O U T H E A S T E R N C R E D I T U N I O N S , I N C .
Class A. Class B. Class C. Class D. 3.
Credit unions with fewer than 2,000; Credit Unions with not less than 2,000 members, but not more than 15,000 members; Credit unions with not less than 15,000 members, but not more than 40,000 members; Credit unions with 40,000 members or more.
To qualify as a candidate for election to the League Board of Directors, a person shall be a “Credit Union Official” as defined in Article XVI of the Bylaws which means a director, supervisory committee member, credit committee member or employee of a primary member credit union from the membership category for which the elections is being held. Pursuant to Article III, Section 5 of the Bylaws, “in order to qualify as a director a person must be certified as a credit union official by a qualifying credit union which falls in the appropriate membership size category”. A “Qualifying Credit Union” is defined in Article XVI of the Bylaws which “means the credit union which nominates a person and certifies that the person is eligible to serve as a League Director from that credit union”. A candidate must be nominated by a primary credit union certifying person is an official of that credit union. Further, such credit union must be from the size category which makes the candidate eligible for election. The official “Candidate Nomination and Certification Form” must be certified (signed) by an elected official or CEO of the “nominating” credit union from the membership category from which the candidate is eligible to run. No credit union may be a nominating credit union for a candidate if any person certified by that credit union will be serving as director during the term for which the election is being held. Further, a nominating credit union may certify only “one” candidate for any one election.
An impartial agent shall be named by the League Board Chairman to receive and tabulate the official ballots returned by credit unions. All official Candidate Nomination and Certification Forms, or facsimile thereof, for League Director must be received by the designated agent on or before 5:00 p.m. Central Standard Time (6:00 p.m. Eastern Time) on the fourth Monday of month of March of any year in which an election is held. The designated agent, in consultation with the President’s designee of the League, will review the 23
Published on Sep 13, 2011