Associate Director – Description and Application

The Board will permit up to 3 Associate Board Members to serve at any given time.  If you are interested, please review the position description and submit your application.

Job Title

Associate Board Director (Associate BOD)

Reporting Relationship

Reports to: Chair of the Board

Summary

This position is a developmental position for individuals who are ultimately interested in serving as a Board Directors (BOD) for Interior Federal. While the Associate BOD is a non-voting position, the Associate BOD is expected to attend Board meetings, normally held in the evenings on the fourth Tuesday of every month. Typically, there are eight (8) board meetings held virtually and four (4) are held in person in Falls Church, VA.  The Associate BOD will participate in all Board discussions and deliberations and can serve as a voting member on any of the various Board committees, which meet on an ad hoc basis. Due to the nature of this position, there are some limitations. The Associate BOD may not serve as a committee chair, nor attend executive sessions of the Board that are primarily held to address personnel and pay issues.

The primary objective of the position is to provide a structure to ensure that potential members of the Board of Directors receive adequate preparation to perform successfully and contribute to the success of Interior Federal and to assist with increasing the diversity of ideas and opinions.

Desired Qualities:

• Acts as a team player.
• Displays volunteer spirit.
• Values community involvement.
• Displays commitment to their profession.
• Is a Lifelong learner.
• Adds diverse perspectives, experiences, and skills.

Desired Qualifications:

• Use the Credit Union as their primary financial institution or have multiple accounts.
• Have legal and regulatory, and overall banking knowledge and/or knowledge of finance
• Have expertise in information technology.
• Have connection(s) to Department of the Interior and/or Interior Core Base Select Employee Group leadership.

Required Qualifications:

• A member in good standing at the Credit Union for at least one year.
• At least 18 years of age.
• Not convicted of a crime involving dishonesty or breach of trust unless the National Credit Union Administration Board has waived the prohibition for the conviction.

Desired Skills:

• Has the ability and willingness to devote time and talent to preparation and participation in board meetings, committee meetings, special projects, assignments, training, and independent study.
• Has the ability to take and handle criticism for making necessary but unpopular decisions.
• Ability to articulate rationale for offered suggestions in regards to improving the CU.
• Has an open mind, the ability to use sound judgment, a willingness to accept responsibility, and the ability to make group decisions with fellow Board members.
• Has a demonstrated desire to learn about the credit union, and its services, laws, and regulations that govern it, and the responsibilities of a Board member.
• Has a combination of work experience, education and demographic representation that is appropriate for the position.
• Has at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement and the ability to ask, as appropriate, substantive questions of management and auditors.
• Has the knowledge of or the ability and willingness to learn about credit union products and services, including, but not limited to: savings products, lending products, information technology and other services offered.
• Has the knowledge of or the ability and willingness to learn about the credit union system, its structure, common language and acronyms, philosophy and the credit union’s mission statement.
• Has connections to DOI or Select Employer Group leadership.

Essential Duties and Responsibilities

1.  As a non-voting member, works with the Board and executive management team to develop strategies, objectives, and goals for the credit union through:

• • Attendance and active participation in strategic planning sessions.
  • Attendance and active participation in all meetings of the board of directors, generally monthly, with the exception of the board executive sessions.
  • Active participation in Board committees.
  • Attendance at the annual meeting.
  • Confidentiality — The Associate BOD must hold in confidence all transactions of this credit union with its members and all information respecting their personal affairs, except when permitted by state or federal law.

2.  Maintains literacy and remains current regarding the Credit Union’s finances to ensure its sound financial condition. Knowledge is gained with understanding how the Board:

• • Designates depositories, authorizes borrowing and investing, and provides for bonding and other security factors, including internal control procedures.
  • Approves interest rates and dividends, or approves policies to guide management in doing so.
  • Approves loan limits and savings minimums.
  • Approves the credit union budget.
  • Declares dividend rates, based on recommendations of the Asset Liability Management Committee.
  • Determines the rates, maturities, security, terms, and conditions for all loans granted by the credit union.
  • Determines policies relating to the granting and appropriate collection of loans and authorizes the charge-off of uncollectible loans.
  • Authorizes all appropriate borrowing for the credit union.
  • Authorizes the appropriate deposit and investment of funds of the credit union.
  • Determines the surety bond needs of the credit union at least annually and ensure that appropriate persons are bonded in accordance with applicable laws and regulations.
  • Acts on loans to Directors, Supervisory Committee members, and executive management staff.

3.  Gains, and retains, an understanding regarding applicable policies of the Credit Union’s operations and by-laws in order to participate on the Board to review the following:

• • Policies and bylaws and update as necessary.
  • Amendment of the credit union bylaws as appropriate.
  • Filling of vacancies (unexpired terms) of the Board of Directors and its various committees as needed.
  • All business affairs and affairs of members in a confidential manner and refrain from any relationship that would create conflict of interest with regard to the credit union.

4.  Learn more about the credit union system, its services, and about the individual responsibilities of a board member by:

• • Meeting the minimum training requirements.

Application Process

If you are interested in being considered for an Associate BOD position, please complete the application.  After your application is reviewed, a member of our Board will reach out to you to continue the nomination process.  Applicants must meet all requirements and be approved by the Board of Directors before moving forward, which may take several months.  Not all applicants will be approved.

APPLY HERE