Vibe Credit Union

Compensation

Full Description

Overview Vibe Credit Union Associate Director Program As part of our continued commitment to leadership development and long-term strategic sustainability, we are excited to introduce the Associate Director Program at Vibe Credit Union. This initiative is designed to identify, mentor, and prepare qualified individuals for future service on our Board of Directors. The program will offer emerging leaders an opportunity to gain firsthand insight into board governance, credit union operations, and the strategic responsibilities of board leadership. By investing in this program, we aim to ensure Vibe Credit Union remains strong, diverse, and forward-looking in its governance practices. Responsibilities • Associate Directors are expected to review, understand, and agree to abide by the Board of Directors Responsibility Policy, which is established in accordance with the Michigan Credit Union Act. They must also sign the Associate Director Candidate Confidentiality Agreement as well as the Volunteer Service Agreement. • Associate Directors are to maintain a high level of professionalism during Board meetings, events, and other activities to which they are invited. They are encouraged to actively participate in discussions, offering insight and perspective on behalf of the membership and in alignment with Vibe's vision, strategic direction, and commitment to safety and soundness. While Associate Directors contribute meaningfully to dialogue, they do not hold voting privileges at Board of Directors meetings. Eligibility Requirements For Candidates • The individual must be a member of Vibe Credit Union in good standing. A "member in good standing" is defined as someone who maintains at least one share account and has had no loan delinquencies-either personally or as a cosigner-within the previous 24 months. • The individual must be deemed an acceptable bonding risk by a bonding company licensed to operate in the State of Michigan. • The individual must not have been removed from any position as a director, officer, or employee of a financial institution by a federal regulator, a state regulator (excluding the Director of the Department of Insurance and Financial Services), or by a court of competent jurisdiction. • The individual must not have been convicted of any crime involving dishonesty or breach of trust. • The individual must not be habitually negligent in fulfilling financial obligations to the credit union or other creditors. "Habitually negligent" means having no reported delinquencies in the past 24 months, no bankruptcy filings in the past seven years, and no more than two missed payments to any creditor within any twelve-month period. • The individual must not have been convicted by, or found in violation by, a court of competent jurisdiction or the commissioner, of any law of the State of Michigan that is enforced or administered by the commissioner. • If an individual ceases to meet any of these eligibility requirements while serving as a Candidate or Associate Director, they shall be immediately removed from that position. • If an Associate Director fails to attend three (3) consecutive regular Board meetings, the position may be declared vacant. #