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Your
Neighborhood Financial Partner since 1972.
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How often do you get invited to the Annual Meeting of any other financial institution? "Not too often", is probably your answer, unless you are an officer or a wealthy stockholder. But the "credit union difference", means that you are an OWNER of this credit union, which means that we simply could not hold our annual meeting without asking you to come. "What is in it for me? you might ask. Fair enough. How about the chance to hear and be heard? Annual Meeting (as the agenda at the right indicates) includes reports from key officers and committees, and anyone attending will have the chance to speak with any officer or director. So, if you have got a question about how things are done at B.O.N.D., bring it to the Annual Meeting. Maybe you just want to meet the folks who make the decisions… well, come on! We keep the meeting brief because we know you have got a lot to do. The location is convenient too: in the lobby of the B.O.N.D. Credit Union, promptly at 3:00 pm on Saturday, May 17th. Can we count on you to attend? |
Date: Saturday, May 17th Time: 3:00 pm Place: B.O.N.D. Lobby Agenda 1. Call to order
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| Duties
and Responsibilities of the Board of Directors The Board meets on the fourth Thursday of each month. It sets policy and goals, and generally directs and controls credit union operations. It is the Board's duty to establish and maintain confidential relationships with member-owners and ensure that your best interests are kept in mind at all times. The B.O.N.D. Community Federal Credit Union's all-volunteer and unpaid Board of Directors is extremely important to you, your account (s), and the overall welfare of your credit union. Other responsibilities of the Board include: |
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| *Fixing
maximum individual share limits and classes of share limits *Fixing loan policies regarding interest rates, maturity, and security *Declaring dividends and interest refunds *Establishing collection policies and procedures *Authorizing needed investments and borrowing *Appointing Supervisory Committee and Credit Committee, filling Board and committee vacancies |
*Appointing
membership officers, executive and other committees as needed *Hiring defining duties, and setting compensation for president and other employees as needed *Determining surety bond needs at least semi-annually *Planning and holding the Annual Meeting *Appointing an Education Committee as needed *Requesting amendment to charter and bylaws as needed |
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Did
you know?
Many people pay fees, sometimes excessive amounts, for banking services without even knowing it. These services may include corporate checking, corporate share drafts, ACH and check collection. Financial institutions can keep charges hidden from their customers. And in many cases, their prices are much higher than what B.O.N.D would charge for the same service. How do banks hide fees? * A bank might claim they don't charge fees for various services (hard
dollar charges) when they actually require you to maintain a minimum balance
in a low-yield compensating balance account. All interest earned on these
funds goes toward payment of your banking fees (soft dollar charges),
but the bank doesn't itemize the amounts on your monthly statements. Rather,
they claim that the services are free. And more often than not, the bank
will keep any leftover earnings, instead of returning them to you. |
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* The funds in such an account generally don't earn an interest rate
comparable with other interest-bearing accounts, which means that paying
fees with "hard dollar" instead (or using a B.O.N.D. Account)
would allow you to invest your funds for better yield elsewhere. If you'd like to find out what you really paying for services, B.O.N.D. staff can conduct a free account analysis. By examining copies of your bank statement we can compare the hard-and soft-dollar charges to what B.O.N.D. would charge for the services you use. |
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B.O.N.D. Growing With Our Community Home Equity Loans
Your Neighborhood Financial Institution for Over 30 Years "We Make Your Life Richer" For more information, please call us at |
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 This credit union is federally-insured by the National Credit Union Administration |
 We do Business in Accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. |
