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August 25, 2016
Harris, in CU Journal, stresses federal focus
NAFCU Board Chairman Richard L. Harris, in an editorial Wednesday in Credit Union Journal, calls the proposed amendments to NAFCU's articles of incorporation to give federally-insured, state-chartered credit unions full membership and to reinforce the association's focus on federal issues a "win-win proposition."
A voting period for members on the issue was opened on Aug. 10 and will close Sept. 9.
"The entire NAFCU Board and I encourage NAFCU members to vote for this initiative because it is a win-win proposition," Harris wrote. "It will solidify NAFCU's voice and representation, and affords all federally-insured NAFCU members full voting rights and the ability to vote on all NAFCU matters, including elections.
"In the end, we believe extending the full benefits of NAFCU membership to all federally-insured credit unions is a natural evolution of NAFCU's mission and honors the meaning behind the credit union industry mantra of 'one member, one vote,'" Harris continued. "This move will further strengthen our effectiveness as an industry against the increasing market competition and legislative and regulatory challenges that threaten a prosperous future for credit unions."
If the measure is approved, state-chartered NAFCU members would be eligible to vote on all NAFCU matters as well as run for and serve on the NAFCU Board of Directors.
In order for the amendment to pass, 25 percent of all voting members must vote, and of those, two-thirds must vote to support the changes.
NAFCU invites its members to contact NAFCU President and CEO Dan Berger at dberger@nafcu.org with any questions about the vote.
A voting period for members on the issue was opened on Aug. 10 and will close Sept. 9.
"The entire NAFCU Board and I encourage NAFCU members to vote for this initiative because it is a win-win proposition," Harris wrote. "It will solidify NAFCU's voice and representation, and affords all federally-insured NAFCU members full voting rights and the ability to vote on all NAFCU matters, including elections.
"In the end, we believe extending the full benefits of NAFCU membership to all federally-insured credit unions is a natural evolution of NAFCU's mission and honors the meaning behind the credit union industry mantra of 'one member, one vote,'" Harris continued. "This move will further strengthen our effectiveness as an industry against the increasing market competition and legislative and regulatory challenges that threaten a prosperous future for credit unions."
If the measure is approved, state-chartered NAFCU members would be eligible to vote on all NAFCU matters as well as run for and serve on the NAFCU Board of Directors.
In order for the amendment to pass, 25 percent of all voting members must vote, and of those, two-thirds must vote to support the changes.
NAFCU invites its members to contact NAFCU President and CEO Dan Berger at dberger@nafcu.org with any questions about the vote.
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