Annual Meeting

 

FLORIDA A&M UNIVERSITY FEDERAL CREDIT UNION

2017 Annual Meeting March 28, 2017

ANNUAL MEETING

As mandated by the NCUA (National Credit Union Administration) Bylaws, the 2017 Annual meeting will be held on Tuesday, March 28, 2017 at 6:30 p.m. at the Florida A & M University (FAMU) Federal Credit Union in the Community Room, 1610 South Monroe Street, Tallahassee, Florida. The Annual Meeting is primarily designed to provide members with a forum to learn more about the operational and financial status of the Credit Union; to discuss pertinent issues and to gather information about THEIR Credit Union, the Board of Directors and the management staff. Refreshments will be served. A special feature of the Annual Meeting will be the announcement of the results of the Board of Directors' election.

BOARD OF DIRECTORS

The members of the Board of Directors are volunteers. Specifically, the Board of Directors is responsible for directing and controlling the affairs of the Credit Union. Though the Board members will not personally perform the task themselves, the board is ultimately responsible for making sure the Credit Union:

  • Is properly managed by a qualified CEO and competent staff;
  • Operates using sound business practices as mandated by NCUA;
  • Complies with all applicable federal laws and regulations;
  • Achieves the goals stated in the charter, the 5 year strategic plan and the business plan;
  • Fulfills its purpose of making low-cost loans and encouraging thrift;
  • Provides adequate financial reserves to cover possible losses;
  • Protects against unauthorized or illegal acts through safe operating procedures and purchase of fidelity bond coverage.
     
       

    To carry out its role in meeting the above requirements, YOUR Board develops policies, approves programs, hires and evaluates the CEO and appoints various committees. The FAMU Federal Credit Union has seven (7) members on the Board of Directors, who serve staggered three (3) year terms.

    The term of three (3) members will expire in March 2017. In accordance with NCUA Bylaws, the Chairman of the Board appointed a Nominating Committee to recommend qualified members to fill this vacancy. Hence, the Committee recommended the following individuals:

     

LORENZO ALEXANDER - Chairman 

Education:  B.S Civil Engineering Technology

Current Job Status:  Retired

Qualifications:  30 plus years of project and program management of multi-million dollar transportation capital investments. Short and long term planning experience of regional and statewide transportation needs. Serve in leadership role for various agencies and organizations. Initially elected and approved by NCUA and is currently serving.

 

MICHAEL E. BROWN – Treasurer

Education: B.S Accounting; M. S Applied Social Sciences

Current Job Status: Consultant

Qualifications:  Certified Public Accountant (CPA); 30 plus years of financial experience as an Auditor, Economic Development Professional, and Investment Director. Knowledgeable experience in evaluating investment opportunities as well as dealing with auditing/compliance issues. Initially elected and approved by NCUA and is currently serving.

 

MICHAEL R. SIMMONS 

Education:  B.S/M.S Computer Information Science

Current Job Status:  Infrastructure Lead/Security Manager, FAMU Enterprise Resource Planning (ERP)

Qualifications:  Has experience in software engineering; Check-Point Firewall CCs, Microsoft Certified System Engineer, Creston Digital Media Certified System Engineer. Assigned as a Technical Manager on three projects through the complete Software Development Life Cycle. Served as PeopleSoft Environment Information Manager, BlueCross/BlueShield, in Jacksonville, FL. Initially elected and approved by NCUA and is currently serving.

 

 

PETITIONS

Members of the Florida A & M University Federal Credit Union can also apply for election to the Board of Directors by taking the petition route. Interested members must complete a Statement of Qualifications and biographical data along with the required signatures on the petition form. Please contact the Credit Union Office to get the petition package, which will also include the submittal deadlines.

PLEASE NOTE: THE BOARD OF DIRECTORS' ELECTION WILL NOT BE CONDUCTED BY BALLOT AND THERE WILL BE NO NOMINATIONS FROM THE FLOOR AT THE ANNUAL MEETING IF THE NUMBER OF NOMINEES EQUALS THE NUMBER OF VACANCIES TO BE FILLED.