2023 Annual Membership Meeting

2023 Annual Meeting at SMFCU

Please Join Us!

This year’s annual meeting will be held on Tuesday, May 9, 2023.

The Board of Directors of South Metro Federal Credit Union extend to you, our membership, a personal invitation to attend the 29th Annual Business Meeting. This meeting will feature various financial reports on the condition of the credit union, as well as go over highlights from the previous year and hear our plan for the upcoming year, plus meet with the Board of Directors, President, and the credit union staff.

LINK Event Center
2200 Trail of Dreams, Prior Lake, MN 55372 (located next to Playworks)
Tuesday, May 9 at 5:30 PM

Snacks and beverages will be served. Members attending at the LINK Event Center will receive a gift.

Watch the Meeting on WebEx
Meeting number: 2633 873 5386
Password: StartHere (78278437 from video systems)

Join by video system
Dial 26338735386@southmetrofcu.webex.com
You can also dial and enter your meeting number.

Join by phone
1-844-621-3956 United States Toll Free
Access code: 263 387 35386

Meeting Agenda

  • President introductions
  • Call meeting to order
  • Secretary ascertains a quorum present
  • Chair entertains motion to:
    • Change the order of business
    • Dispense with reading of Annual Meeting minutes from prior year
    • Approve prior year Annual Meeting minutes
  • Board of Director Elections
  • President’s Report
  • Supervisory Committee Report
  • Closing Remarks
  • Motion to Adjourn

2023 Board Nominations

David Bryant

David Bryant

David is semi-retired and working with the Shakopee Mdewakanton Sioux Community. He has served in many areas of Tribal Enterprises as well as previous service on the Gaming Board of Directors. He is currently managing the Community Training and Development Program for tribal community members. Much of his career has been spent in the office equipment industry. Here he developed professional and interpersonal skills in customer service. Commitment to the customer is and has always been a priority and a measure of success in his career. Originally appointed to fill a vacancy on the South Metro Credit Union Board, he is currently in his 2nd term and serving as Board Chairman.

Nick LaFontaine

Nick LaFontaine

Nick started his career in banking, worked in higher education administration, was a CFO for a law firm, and then retired as Chief Financial Officer from VEE Corp., producer and presenter of Sesame Street Live. He currently serves as a Director and the Board Treasurer for our Credit Union and he looks forward for the opportunity to serve another term. He has been an active member for 10 years.

Why does South Metro FCU have annual meetings?

When you opened your deposit relationship with SMFCU, you became an owner because your deposit represents a share of ownership (much like a share of a corporation or stock purchase). At the annual meeting, the members (cooperative’s owners) elect a volunteer Board of Directors. Their responsibility is to oversee the credit union and serve the membership with decisions that are based upon what will best benefit the credit union’s near and long-term direction while ensuring it is in the best interest of the entire membership.

Getting more involved in your cooperative
Knowing that you are an owner, whether you have an interest in running for the Board of Directors or not, you may want to see about becoming more involved. Unlike being a customer at a regular bank, many members are surprised to learn that, when they are part of a credit union, their voice is heard and their opinions really do count.

South Metro’s annual meeting provides a perfect forum for members to obtain specific financial information about their credit union’s performance from the prior year and learn more about the strategy and efforts that will be followed for the current year.

Board of Directors Election 2023
During the business portion of the Annual Meeting on May 9, 2023 an election will be held to fill the two vacancies on our Board of Directors. Board members are elected from the credit union membership and serve on a volunteer basis. Any member with an interest in serving on the Board of Directors is encouraged to contact the credit union to obtain more information about the various duties and responsibilities of the position as well as the requirements that exist for becoming a candidate. Please reach out to Member Services by email, memberservices@southmet.com by March 29, 2023.

This information was sent out by mail in a postcard to eligible members (link to postcard attached). If you did not receive it, please verify that the address that we have on file for you is updated.

Routing #: 091981646  |  NMLS ID # 1059389

We at South Metro Federal Credit Union are committed to the digital inclusion and providing a website that is accessible to the widest possible audience in accordance with certain standards and guidelines. We are striving consistently to conform to WCAG 2.0 Level AA of accessibility. If you run into any barriers, please reach out to us at 952-445-0888 or MemberServices@SouthMet.com.

Equal Housing Lender    NCUA Insurance     Excess Share Insurance

Copyright ©2023. All rights reserved. South Metro Federal Credit Union.   SEND US A SECURE EMAIL

Got Questions?

Give us a call at 952-445-0888 or send us an email. We'd love to help!