Volunteer as a C·U·D Board Member or
Supervisory Committee Member
How to Become a Volunteer
Volunteers are the backbone of Credit Union of Denver. Since 1931, the credit union has provided value and financial stability to its members. This accomplishment can be attributed to the past and present volunteers. Volunteering to serve on the Board of Directors or Supervisory Committee can be an extremely rewarding experience! Our volunteers determine the direction of the credit union and approve policies that govern the credit union’s operations and growth. By becoming a volunteer, you can develop your knowledge and skills to help your not-for-profit credit union continue to grow and respond to members’ needs.
As a member of the credit union, you are eligible to run for an elected office if you are at least 21 years of age, insurable, and a member in good standing. In addition, you must be genuinely interested in the future of your credit union, provide leadership, and serve the members and community by demonstrating sound judgment in financial and business matters.
If Elected, How Long Do I Serve?
Directors and Supervisory Committee Members are elected to a three year-term in most circumstances and may run for re-election should they so desire.
Meetings
- The Board of Directors meet on the last Thursday of the month at 4:30 p.m. (Unless a holiday falls on this day.) There are times, however, when special meetings are necessary and can be called at any time during the month.
- The Supervisory Committee meets on the last Tuesday of the month at 4:30 p.m. (Unless a holiday falls on this day.)
Why Should You Volunteer?
- As a member of Credit Union of Denver you are an owner of a Financial Institution with over $1 billion dollars in assets.
- The goals and direction of the Credit Union are determined by a member-elected volunteer Board of Directors and Supervisory Committee.
- The success and future continuation of the Credit Union depends on having members who are interested and willing to work for the credit union in volunteer positions.
If you would like to participate in the continuation and success of Credit Union of Denver, follow the process below.
Basic Functions of the Board of Directors and Supervisory Committees
Board of Directors
The Board of Directors for the credit union is a group of volunteer members who are elected by the credit union’s membership to represent their interests and oversee the credit union’s operations. The Board of Directors is responsible for setting the vision, mission, and strategic direction of the credit union, as well as ensuring its financial stability, compliance, and risk management. The Board of Directors holds monthly Board meetings to review the credit union’s performance and make decisions. In addition, other meetings include the Annual Meeting, Strategic Planning Session, Reorganization Meeting, committee meetings, etc. Board Members should expect to dedicate 4-12 hours per month and have a working familiarity with basic finance and accounting practices and act in good faith, fairly, impartially, and without discrimination. Board Members should have a willingness to serve the membership; continually learn; and be a collaborator. Three, 3-year term positions are open on the Board of Directors.
Supervisory Committee
The Supervisory Committee for the credit union is comprised of volunteer members who are elected by the credit union’s membership to help safeguard their assets by reviewing the information provided by both the internal and external auditors. The committee ensures financial reporting is accurate and risk is managed. The committee reads and reviews the Board materials and audits. They meet once a month to discuss any findings and make recommendations. Supervisory Committee Members should expect to dedicate 2-5 hours per month and have a working familiarity with basic auditing and accounting. Familiarity with information technology, banking, contracting and a general inquisitiveness are a plus. Committee members should have a willingness to serve the membership and continually learn. Three, 3-year term positions and one, 1-year term position are open on the Supervisory Committee.
For more information on how to get started, or to get in touch with a Nomination/Election Committee Member, please contact Katie Danek-Sodt at 303.239.1113.
Nominations close Friday, January 17, 2025, at 5:00 pm
May 2024 – May 2025 Nomination/Election Committee
- Doug Burke - Chairman
- George Volentir - Vice Chairman
- Fernando Rocha - Board Member
- Linda Rihel-Todd - Supervisory Committee Rep
- Committee Liaison and Staff Contact: Katie Danek-Sodt, 303.239.1113
As a member-owner of Credit Union of Denver, your support is vital to the success of your credit union.
There will not be an election conducted by ballot if there is one candidate or less for each position to be filled.
Thank you for being a member and helping to make Credit Union of Denver the great financial institution that it is.