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Governance
Members of the Board of Directors, Board Committees, and the management and staff of State Employees’ Credit Union serve the members of the Credit Union.
The Board of Directors comprises 11 SECU members and serves as the governing body of the Credit Union responsible for establishing policy and determining the general direction and control of SECU. Board members are elected by the SECU membership at the Annual Meeting of SECU, usually held during the first few weeks of October. They serve three-year terms, and terms are staggered so that at least three or four director seats are open for election by the membership each year.
Board members meet monthly, serve as volunteers, and represent the diversity of SECU’s membership. The Board of Directors also appoints a president and CEO to administer the day-to-day operations of SECU. The president and CEO hires management and staff to manage these operations through departments and regional branch districts.
As part of their duties, Board members serve on several Board committees, each tasked with overseeing different areas of the organization, including audit, risk, governance, nominating, member relations, and IT governance.
