Thank you for your interest in running for a Director seat on the Board of Directors of Lookout Federal Credit Union. We are a member-owned, nonprofit cooperative thrift institution formed for the purpose of encouraging savings by offering a reasonable return, using collective funds to make loans at competitively low interest rates to members and providing other member services on a cooperative basis. Members are united by a defined field of membership and democratically operate the Credit Union in compliance with state and federal laws and regulations. As such, Lookout Federal Credit Union’s Nominating Committee has established minimum requirements to be nominated for a seat on the credit union board. They are:
If the Nominating Committee does not nominate you for the election ballot, you may still be nominated by petition by securing a minimum of 275 and a maximum of 500 valid signatures from members of Lookout Federal Credit Union, who are in good standing. However, in order to be eligible for nomination by petition you must meet the first three requirements or your name will not be added to the ballot.