The 2024 Annual Meeting for St. Paul Federal Credit Union will be held virtually on Thursday, February 22, 2024 at 9:45 – 10:15 a.m.
The procedure for persons wishing to be nominated for a position on the Board of Directors of St. Paul Federal Credit Union has changed. No longer will nominations be accepted from the floor at the Annual Meeting of Members. This posting serves to provide notice to the membership that up to and including December 29, 2023, any nominations for persons wishing to serve on the Board of Directors of St. Paul Federal Credit Union must be filed with the Nominating Committee of the Board of Directors. Any applications received after December 29, 2023, will not be accepted.
NOMINATION PROCEDURES
There will be no nominations from the floor at the 2024 Annual Meeting, unless there are more nominees (from the committee and petition nominees) than open positions. If so, the names of all nominations will be posted on January 2, 2024 and there will be an election with ballots at the annual meeting.
All members eligible to vote in the election for Board of Directors may make nominations for vacancies by petition signed by 1% of the members: 14,788 x 0.01 = at least 148 members.
To petition to be nominated for a position on the Board of Directors, the individual to be nominated:
Must be a member of St. Paul Federal as of 90 days prior to the Annual Meeting: Friday, November 24, 2023;
Cannot have been convicted of a crime involving dishonesty or breach of trust unless the NCUA Board has waived the prohibition for the conviction; and
Meets the minimum age requirement of at least 18 years of age by 90 days prior to the Annual Meeting: Friday, November 14, 2023.
The closing date for receiving nominations by petition is Friday, December 29, 2023.
If there are more nominees from the committee and petition nominees, the names will be posted on January 2, 2024 and there will be an election with ballots at the annual meeting.
To be effective, nominee must include a signed certificate with the nomination petition stating that they are agreeable to nomination and will serve if elected to office.
If you have any questions regarding the nomination process or requirements, please contact Tom Glatt, CEO, phone 651-772-8744 x726 or email [email protected].
Don Sinna, Chair
St. Paul Federal Credit Union
11/22/2023