External Site Notice
A nine-member volunteer Board of Directors, elected by credit union members, governs Dover Federal Credit Union. The Board Governance Committee is now seeking candidates among the members of the Credit Union who may be interested in serving on the Board of Directors. Candidates are being considered for the following positions: Three director candidates for a 3 year term each. Current board members are permitted to stand for re-election.
Eligible members who are interested in serving as a Dover Federal Director need to apply online by 02/28/2022 for consideration.
Please direct questions to: firstname.lastname@example.org
The information below summarizes questions traditionally requested concerning board service:
Dover Federal membership is required. You must be aged 18 or over and a primary account holder of a Dover Federal share account for at least six months as of the date of the annual meeting, which is to be held 06/14/2022.
b. Meeting Requirements
Attendance is required at regular board meetings, normally held on the last Monday evening of the month beginning at 5:30 p.m., at the Dover Federal headquarters in Dover, DE. In the spring, there is a three-day Strategic Planning Retreat within the nearby vicinity. Directors are usually appointed to at least one committee that requires, depending upon committee assignment, attendance at a working meeting on either a monthly, bimonthly, or quarterly frequency.
Federal law provides that directors are not authorized to receive compensation for their services. Expenses associated with participation in regular board and committee meetings, to include travel expenses to attend regular meeting activities, are not reimbursed.
To FILE for Nomination by Petition to the Credit Union Secretary:
Any qualified member (age 18 or older) wishing to be nominated by petition for a position on the Board of Directors must file a petition for nomination with the Secretary of the Credit Union by April 30, 2022. As required by Dover Federal Credit Union procedures, candidates will supply information about competence, experience, character and integrity. Candidates will submit information about their personal history, business background and experience, including material business activities and affiliations during the past five years. Nominees shall describe any material pending legal or administrative proceedings in which the individual is a party, and any criminal indictment or conviction of such person by a state or federal court. Candidates will attest to the accuracy of all information by having their signature notarized on the petition form.
The petition forms may be obtained from Dover Federal by mail or in person. As required by Dover Federal Credit Union Bylaws, petitions must be signed by at least one percent of Dover Federal members in good standing who are eligible to vote (age 18 or over). As of December 31, 2021, the required amount of signatures is 581. Printed names must accompany each signature. As provided for in our bylaws, the election will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position to be filled.
A 9-member volunteer Board of Directors (selected by Credit Union members) governs the Dover Federal Credit Union. As provided in our Bylaws, the election will not be conducted by ballot and there will be no nomination from the floor when there is only one nominee for each position to be filled.
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