Notice to Members: 84th Annual Meeting

Wednesday, March 24, 2021

Meeting time: 5:00 pm – 6:00 pm

Virtual Meeting – Zoom

Sign-in instructions will be provided here at a later date.

What is a Credit Union?

A Credit Union is a unique organization unlike any other.  Credit Unions are not-for-profit cooperatives that offer a wide array of financial products and services. It is an organization owned and operated by its members for the benefit of its members.  That’s why we invite our members to attend our annual meeting each year. It’s an opportunity for you to meet our management and elected board and other volunteers as well as many of the other employees who serve the membership. It’s also an occasion that we use to report on the performance of our mutually owned credit union and look ahead to the future.

Elections

The following volunteer official positions are up for election: There are three (3) Board of Director positions, for a 3-year term, and two (2) Board of Director vacancies, for a 1-year term. There are two (2) Supervisory Committee positions up for election, for a 3-year term.

Board of Directors
Our all-volunteer Board of Directors is made of members who lend their managerial and financial expertise to help guide the direction and mission of the credit union. Most adult members in good standing may run for election for a three-year term on the board of directors.

Board members are responsible for setting policies, approving budgets, and helping to direct the key strategies for the credit union. They evaluate operations and maintain financial performance standards for the credit union. They are also responsible for appointing the credit union’s CEO, who reports directly to the Board. Board positions are voluntary and unpaid; however, expenses related to Board business are paid for by the credit union.

Candidates must be at least 18 years of age members in good standing; served as a volunteer on the Supervisory Committee, Asset Liability Management Committee or have practical/professional experience in an area benefiting Media City Credit Union; be willing to agree to a criminal background check and a credit check, and be bondable.

Candidates must have the ability to work in a team environment, without formal authority. They should possess the personal qualities that are needed to enable them to serve the Credit Union well. They should be honest, unselfish and act for the good of the Credit Union’s members. They must have the ability to understand and think for themselves. Be an active listener, a progressive thinker, avoid preconceived ideas, and be willing to discuss issues and solutions.

They should be interested in the Credit Union and sufficiently generous to give their own time and skills to the affairs of the Credit Union.

The terms are for three years. Board members typically devote a minimum of approximately 4 – 6 hours per month to credit union business, including attending monthly Board meetings at our branch in Burbank. Additional time may be spent gathering information and training. Courses of study are available to Board members to help them learn more about the operation of a financial institution.

You’ll be a representative voice for your fellow members, and have a direct say in the overall direction of the credit union. You gain knowledge and experience about the running of a financial institution, strategic planning, and the credit union movement. Board members may also attend conferences and seminars on credit union topics in various locations throughout the country. It is a great way to become part of a unique organization that affects the financial lives of thousands of members.

Your Supervisory Committee is an oversight committee comprised of three volunteers who are each elected to three-year terms by the general membership. The Committee’s responsibilities include:

  • Monitoring board and management activities
  • Providing for financial statement audits
  • Inspect and verify the accounts of the Credit Union
  • Verifying compliance with policies, procedures, rules, and regulations
  • Monitoring the internal control environment

Committee members fulfill these responsibilities by:

  • Periodically meeting with the internal auditor
  • Meeting periodically with regulatory examiners and financial statement auditors
  • Reviewing management reports
  • Attending periodic training seminars

Please contact us if you have questions, comments or concerns about your account or the credit union’s operations, you should first contact the credit union directly via e-mail at mediacitycu@mediacitycu.org. However, in the unlikely event that you are not satisfied with the response, you can appeal the matter to the Supervisory Committee which will conduct an additional, independent review. Supervisory Committee correspondence ONLY should be mailed to the following address: The Supervisory Committee, Media City Credit Union, 1020 W. Olive Avenue, Burbank, CA 91506.

We believe that every volunteer helps to make Media City Credit Union a quality institution for our members and community.

Interested candidates can apply to be considered by the nominating committee by March 1, 2021. Candidates can also run by petition signed by at least 100 members submitted by the Close of Nominations on March 15, 2021. There will be no nominations from the floor.  The election will not be conducted by ballot if no more nominations are made than there are available seats. The nominees may be declared elected by acclamation.

Media City Credit Union Volunteer Application

Please Note: A Personal Statement/Experience/Objective (not to exceed 250 words in its entirety) is required in the application above.

Once your documents are received, the Nominations Committee will review your qualifications and contact you to discuss the next steps. We look forward to having you as part of our credit union family.