The number of vacancies and terms of office to be filled by election by the members of Patelco Credit Union are as follows: Four (4) Directors have terms expiring in April 2025. The expiration of a Director’s term creates a vacancy for which Patelco members may apply, as provided in the Patelco Bylaws. Each Director’s term is for a period of three (3) years. The Four (4) Directors whose current term is expiring are seeking re-election for an additional three (3) year term.
Nominations for election to the board shall be made (1) by nomination by the Governance Committee of Patelco Credit Union, or (2) by members by means of petition signed by 250 members of Patelco Credit Union; such petitions to be in a form approved by Patelco Credit Union and to have been signed by Patelco Credit Union members within eleven (11) months preceding the date of the meeting at which directors are to be elected. Candidates must be Patelco members in good standing. A petition nominating a member as a candidate to fill one of the vacancies must be accompanied by a statement attesting to the candidate’s willingness to serve if elected.
Persons interested in being nominated by the Governance Committee are urged to submit a resume, and such other information as the applicant views pertinent, to the Governance Committee between October 1, 2024, and November 1, 2024, and addressed as follows:
Governance Committee
c/o Angela Jeffers
Patelco Credit Union
3 Park Place
Dublin, CA 94568
Nominations will close at midnight on February 14, 2025. Petitions shall be delivered to the Secretary of the corporation by the date set for the close of nominations and petitions not so delivered will be invalid. Petitions may be mailed in lieu of delivery and, if mailed, the postmark date on the envelope shall determine the effective date of delivery of the petition(s) to the Secretary of the corporation.
Individuals nominated or not nominated by the Governance Committee will be notified the week of January 20, 2025, in order to allow time for the petition process.
No nominations for the Board of Directors can be made after the close of nominations.
Following the close of nominations, if there is more than one candidate for election to any vacant position, the Credit Union shall mail to all members entitled to vote a notice of the date, time, and place of the meeting at which elections will occur. The notice will be accompanied by a list of persons nominated for vacancies and the terms of office on the Board of Directors. The list shall be accompanied by a statement prepared by each nominee, not to exceed 250 words in length, setting forth the nominee’s qualifications and the reason for the nominee’s candidacy. In order to have a statement included in the mailing, a nominee should submit the statement to the Secretary of the corporation by close of business February 14, 2025, but in any case, not later than midnight, two business days before the mailing.
Elections shall occur by voting at the Annual Meeting using general proxies. The Board of Directors will vote general proxies on all matters properly presented at the Annual Meeting, including the election of Directors.
Financial Wellness Partner Shaida Samimi was recently highlighted in the World Council of Credit Union’s summer 2024 conference for her work involving financial inclusion for migrants and refugees.
“Patelco Credit Union prioritized community engagement as a first step in its journey to support refugees and migrants,” the report shared. “Shaida’s ‘say yes and help’ philosophy brought her into contact with families who left Afghanistan following the August 2021 US withdrawal… She saw this as a potential opportunity for Patelco to improve its partnerships, grow its members, and expand into local refugee and migrant communities. From Shaida’s initial efforts, Patelco’s outreach and support for refugees and migrants evolved into two full-fledged membership development programs. Since 2021, Patelco has developed partnerships with 12 different humanitarian NGOs, including the International Rescue Committee (IRC), World Relief, and Opening Doors.”
Read about the report and conference here to learn how Patelco has made a name for itself by proactively expanding services to underserved populations.
Being transparent to members about our financial health and how we fulfill our mission as a credit union is a priority for us. Be sure to explore our financial statements as well as our annual reports to learn more about our financial performance and our yearly recaps.
