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Sioux Empire FCU Board of Directors 2019

Make the choice,
to share your voice!

Consider a rewarding volunteer position at Sioux Empire Federal Credit Union.

The Board of Directors is responsible for the general direction and control of the Credit Union.   Some of the other responsibilities of the Board are setting policy, approving the budget, and appointing committees, which help the Credit Union meet the goals of its members.  Day to day operations of Sioux Empire FCU is the responsibility of the President who is hired by the Board. One of the greatest assets to our Credit Union is that our member owners are active participants in business decisions. The Board of Directors meets one evening a month and occasionally for additional purposes. 

Sioux Empire FCU Board of Directors:

  • Paul Buriak II, Chairperson
  • Jo Anne Bechtold, Vice Chairperson
  • Linda Hoeck, Secretary/Treasurer
  • Ken Giegling
  • Connie Byrne-Olson
  • Dan Brendtro
  • Amy Bourne

If you would like to leave a message for the Board of Directors please call their voicemail at (605) 275-1746.

What duties and skills are expected of a director?

The Board of Directors is responsible for the general direction and control of our Credit Union. A director must…

  • …carry out his or her duties in good faith, and in a manner reasonably believed to be in the best interest of the membership.
  • …have a working familiarity with basic finance and accounting practices, such as reading income statements and balance sheets.
  • …direct the operations of Sioux Empire Federal Credit Union in conformity with the Federal Credit Union Act, NCUA’s Rules & Regulations, and all other applicable laws.

The critical measure of the Credit Union’s success or failure is in its financial statements. As such, a director must understand these statements to participate in a meaningful manner. If directors do not have requisite skills when elected or appointed, they must obtain these skills promptly.

What are the expected commitments of a director?

The Board of Directors must conduct an in-person meeting every month. Our Board of Directors meets on a standing date towards the end of each month. Should holidays or weather conflict with the scheduled date, timely notifications will be provided by the Chairperson as far in advance as possible. The Chairperson may also call special meetings with a specific agenda for that purpose only.

To fulfill your fiduciary responsibilities as a Board Member, you must be present at all meetings. If you fail to attend scheduled meetings of the Board for three consecutive meetings unless, in each case, excused for cause by the remaining Board members attending such meetings, you will be considered to have resigned from Board membership, and your position will be declared vacant.

Annually, the Board of Directors meet for a Planning Session, attendance, and participation of all members is expected.

After joining the Board, you may be appointed to one or several committees. As a member of an appointed committee, you are expected to attend all meetings, review necessary materials, and participate fully in making decisions and preparing recommendations to the full Board.

What is the term of service for an elected Board Member?

Each Board member is elected for a term of 3 years. Elections for vacant positions are held at the Credit Union’s Annual Meeting.

In the event a member is appointed by the Board to fulfill an unexpired term of a vacated position, the member will serve until the next Annual Meeting.  At that time, one may run for the remainder of the unexpired term. 

No member of the Board of Directors shall serve more than a maximum of 18 consecutive years.

If you are interested in a volunteer position, contact the Nominating Committee at (605)275-1746.

The Supervisory Committee serves as a watchdog for the members of the Credit Union.  The Supervisory Committee assures that an annual audit of the Credit Union is conducted and findings are discussed with the Board of Directors. Other responsibilities may include inspecting records for accuracy, scrutinizing acts of board members and employees to assure compliance with regulations and policies. The Supervisory Committee meets once a month during the lunch hour.

Sioux Empire FCU Supervisory Committee:

  • Robin Dykstra – Chairman
  • Tofan Ashraf
  • Bob Harrison
  • Mary Patterson
  • Brent Huyser

 

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