Nomination Announcement

Nominations for two N.G.H. Credit Union positions are now being accepted.

Members wishing to run for a position must complete a Philosophy Statement Form obtained from the

credit union offices or the credit union website.

 One position is from N.G.H. and one is from B.L.T.C.

Contact a Nominating Committee Member:

Ms. Helen Ivey, Ms. Sherry Raymer, or Ms. Karen Shaw for more information.

Philosophy Statement Forms will be accepted in the credit union offices beginning

January 1, 2009 and must be received by February 27, 2009 by 4 p.m. to be placed on the ballot. 

No nominations will be accepted from the floor.

BOARD OF DIRECTORS RESPONSIBILITIES

·        Board members are elected for a three-year term.  Law requires the board to meet monthly and attendance is mandatory.

·        ·        Board members are responsible for establishing policies, in keeping with the By-Laws, State Regulations and the goals and purposes of the credit union.  These policies govern the programs, the financial procedures, and the personnel practices that are used to manage the credit union.

·        Board members meet monthly to review the financial status, committee activities, current problems and policy updates.

·        A member of the board is morally obligated to promote and practice the basic credit union philosophy.  A director is to use good judgment in decisions in order to prevent any liabilities with the Tennessee Department of Financial Institutions, the By-Laws and its membership.   These decisions determine interest rates, declaration of dividends, lending policies and services to the membership.

·        Board members need to take their duties and responsibilities seriously to maintain a sound financially managed organization.