STAR Annual Meeting February 23, 2012
Notice of Annual Membership Meeting
Thursday February 23, 2012
6:00 pm @ Credit Union Office
The Annual Meeting of the STAR Community Credit Union will be held at the Credit Union Office, 550 Salem Street on Thursday, February 23, 2012 @ 6:00 PM. All members of the Credit Union are encouraged to attend.
The Order of Business to be conducted at this meeting is as follows:
- Roll Call
- Reading and approval or correction of the minutes of the last meeting
- Report of the Directors (Chairman Carl Waters)
- Financial Report covering the 2011 Fiscal Year ended December 31, 2011
- Report of the Supervisory Committee
- Unfinished Business
- New Business
- Elections
- Adjournment
Why do we have an Annual Meeting?
A credit union is a not-for-profit, cooperative financial institution owned by its members. When you opened your Share Savings Account you became a member-owner because your deposit represents a share of ownership. At the Annual Meeting, members elect a volunteer board that oversees the credit union. The volunteer board serves the membership and their decisions are based on what will benefit the credit union and its’ membership.
Elections:
Supervisory Committee Elections – due to a recent increase in the number of members participating on the Supervisory Committee the term of all current members of the committee will be staggered ranging from one year to three years. By this one-time staggering of the term of appointment approximately one-third of the Committee will stand for re-election at subsequent Annual Meetings.
Board of Director Elections – One seat on the Board of Directors has its term expiring. This seat is presently held by Director Richard Parker. Director Parker has indicated it is his desire to continue to serve as a director for an additional three-year term.
Any members having an interest in serving on the Board of Directors or the Supervisory (Audit) Committee are encouraged to contact CEO Joe Kelly who will provide information and attempt to answer questions concerning the duties and responsibilities of a member of the Board of Directors or the Supervisory Committee.
