At each year’s annual meeting, the membership elects a Board of Directors, who are responsible for establishing policy, planning the direction of the credit union, declaring dividends, and setting interest rates. These Board members are unpaid volunteers serving their peers, another aspect of the unique character of credit unions.
Although the credit union hires professional staff to provide the best financial services in the most efficient way, the cooperative depends on volunteers elected from the membership, in accordance with the rules and regulations of the National Credit Union Administration, the same agency of the U.S. Government that insures each member’s savings up to $250,000.
Because of the uniqueness of credit unions, the movement has flourished in recent years, due in part, to the dedication of its Board of Directors. Cooperatives like Mocse Credit Union have proved to be financially sound, organizationally stable, and uniquely responsive to their members’ needs.
A secure email can be sent to our Board of Directors through our Contact Us page. Choose Board of Directors from the drop down box.