The 65th Annual Meeting will be held on Saturday, April 23, 2016. On that date, three (3) of the seven (7) Board of Director seats will be filled pursuant to the Sun Federal Credit Union By-Law Election Procedures. The open seats will be for three-year terms.
The eligibility requirements for petitioners, NOT nominated by the Committee, to be eligible for nomination “BY PETITION” for the Board of Directors, are:
If any position is contested, that is, there are more than three nominees for the three Board of Director seats to be filled as a result of the election process, electronic or mail ballots will be sent to each member on or before March 24, 2016.
To vote in the 2016 Election, the voter must be a primary member in good standing and not less than 18 years of age.
Pursuant to the Sun Federal Credit Union By-Laws, election of officers is by mail/electronic ballot. This affords every eligible member the opportunity to vote. In the event there is no more than one nomination for each available position, there being no seat contested, ballots will not be mailed out and parliamentary rule will apply and all nominees will be elected by acclamation at the Annual Meeting. There will be no nominations from the floor unless there is less than one nomination for each position available. The following is a summary of the relevant dates for the 2016 annual election:
December 25, 2015: Deadline for receiving applications for consideration as a nominee by the Nominating Committee.
January 24, 2016: The Nominating Committee files the names of all successful nominees with the Secretary and notifies all applicants as to whether or not they have been nominated. Secretary posts the names of all Nominating Committee nominees at each Credit Union office.
On or before February 8, 2016: Notice of the 2016 Election Procedures, delivered to all members with their statement, that includes procedures for seeking nomination as a candidate for a Board of Director seat “By Petition.”
March 14, 2016: Last day for nominations by petition to be filed with the Secretary of the Credit Union.
March 19, 2016: Nominations received by petition posted at each Credit Union office.
March 24, 2016: Mail/electronic ballots sent to members if any position is contested.
April 18, 2016: If any seat is contested, mail/electronic ballots must be received by the “tellers of the election.”
April 23, 2016: Annual Meeting Celebration
Bill has been on the Sun Federal Board of Directors for 19 years, serving the last 9 years as Chairman. He is retired from SUN Refining and Marketing where he spent more than 38 years in a variety of technical, financial and operations positions. Bill has a degree in Economics from the University of Delaware, along with a degree in Business and an MBA in Finance from Widener University. He has completed extensive financial literacy training as required by credit union regulatory guidelines. Credit Union Volunteer Service:
During Bill's 19 years of service, Sun Federal CU has grown $375 million in assets and added 8,200 members.
Mike has served on Sun Federal's Board of Directors for 32 years. He was responsible for Strategic and Capital Planning and Process Design when he retired from SUNOCO MidAmerica in 1998 after a 32-year career. Mike received his Bachelor's degree in Chemical Engineering from Ohio University and his MBA from Bowling Green State University. He has completed extensive financial literacy training as required by credit union regulatory guidelines. Credit Union Volunteer Service:
During Mike's 32 years of service, Sun Federal has grown $460 million in assets and added 27,000 members.
Walt has served as Secretary on Sun Federal's Board of Directors for 34 years. He is retired with 33 years of experience at SUNOCO MidAmerica. Walt spent 13 years in Operations followed by 19 years as Shift Superintendent. He received a Bachelor of Science degree in Biology from the University of Toledo. He has completed extensive financial literacy training as required by credit union regulatory guidelines. Credit Union Volunteer Service:
During Walt's 34 years of service, Sun Federal has grown $465 million in assets and added 27,400 members.