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Board of Directors & Supervisory Committee

Passionate volunteers ensuring transparency, safeguarding assets, and empowering members.

Board & Committee Volunteers

As a not-for-profit financial cooperative, American United Federal Credit Union is governed by a board of directors, elected by and from the credit union’s membership. Board members serve voluntarily. The Supervisory Committee is comprised of volunteer members as well and is responsible for ensuring that the Credit Union’s Board of Directors management establishes practices and procedures to properly safeguard members’ assets. Learn more about each below, along with how to apply.

Board of Directors

The Board of Directors governs through exercising both its formal authority (i.e., to select the CEO) as well as its informal authority of influence and persuasion (i.e. to help shape the strategic goals of the credit union). The Board traditionally delegates the authority to carry out the operations and management of the to the CEO and should actively support – as well as hold accountable – the CEO in carrying out the credit union’s collective vision, mission and strategic goals. Board members serve voluntarily. Responsibilities include attending monthly meetings, strategic planning sessions, volunteer conferences and exercising American United’s fiduciary duty to our members.

Board Applications accepted October 15th through December 15th.

Supervisory Committee

Our Supervisory Committee, also made up of volunteers, is appointed by the Board of Directors and consists of 3-5 of our members, one of whom may be a director (other than the compensated officer of the Board). This Committee ensures that financial statements are accurate and fairly represent the financial condition of the Credit Union to its members. Responsibilities also include supervising financial audits, safeguarding members’ assets, evaluating elected officials and more.
 

We currently have one opening on the Supervisory Committee and are taking applications now.

*Following the end date for accepting board applications, the Board of Directors may open up nominations by petition. In order to be nominated for the Board of Directors, you must get 1% of American United membership to sign a petition (sample below). All petitions must be fully signed and turned in by February 15th, along with a complete Board of Directors Application (above) and resume.

Nominations to the Board by Petition accepted December 15th through February 15th.

Nomination By Petition Form