Thursday, May 6, 2010

Exercise your democratic rights as a member

There are many reasons to be a credit union member, and we’d like to think that our competitive rates, leading edge technology and commitment to friendly, personal service are part of what convinced you to become a member. But one of the other big advantages of being a credit union member is that you have a say in the direction of your financial institution.
Like all co-operatives, credit unions adhere to the seven international co-operative principles, the second of which is Democratic Member Control. That principle stipulates that co-operatives are “democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership.”
Democratic control and the accountability that accompanies it ensure that your credit union puts the best interests of all members first. It’s why your credit union — and all credit unions — remain committed to the communities they serve.
We would encourage you to exercise your democratic rights by taking an active role in your credit union. This could include attending the annual general meeting, voting for the board of directors and perhaps even consider running for the board yourself. Getting involved is a great way to learn more about the way decisions are made at the credit union — and a chance to have your voice heard.

Courtesy of CUCM

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