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.