The Role of the Board
Board of Directors
Would you like to play an important role in the future of your credit union? As a member of our Board, you’ll have the opportunity to help lead a financial cooperative that is committed to building strong relationships aimed at improving financial health, enriching people’s lives and building healthier communities in Madison, Verona, DeForest, Dodgeville, Platteville, and Lancaster.
Watch the video below to listen to what retired Board Members have to say about their experience serving on Heartland’s Board of Directors.
THE ROLE OF THE BOARD
Heartland Credit Union’s Directors help us achieve our vision of being the leaders in building relationships that enrich people’s lives, improve financial health and build healthier communities. Together with our management team, Directors establish corporate goals, approve major financial decisions, and allocate resources where they are needed most.
POWERS AND DUTIES OF THE BOARD
The Board shall be responsible for the general oversight and final decision-making authority over the affairs, funds and records of the credit union in accordance with applicable law, the Articles and the Bylaws of the credit union.
DIRECTOR REQUIREMENTS AND RESPONSIBILITIES
Any member of the credit union, age 18 or older, may be elected as a Director. Directors serve as Volunteers and are elected for three-year terms.
A Director’s role is a significant obligation. This important role requires a personal commitment of time, ongoing board development, and continuing education.
Meetings: The Board of Directors holds monthly meetings. In addition, a separate board planning session is held annually where Directors spend one to two days planning the direction of the organization. Each Director also sits on a committee, which meets at least quarterly.
Annual Meeting: Directors are expected to attend Heartland Credit Union’s Annual Meeting.
Community Involvement: Directors are encouraged to represent Heartland Credit Union by attending various events and sponsorships in their communities.Nominations Packet