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  • Posted in: Open Discussion

    We have three year term limits.  An incumbent director can reapply to be elected again.  There are no limits to how many terms they can run for. Effect on the board?  The incumbent usually wins the re-election. The Board Directors do not get evaluated. 11 Board Directors.  No associate Directors or ...

  • Posted in: Open Discussion

    Good Afternoon! Curious- Does anyone follow a time frame after sending the borrower a notice after the sale of their repossessed vehicle at auction, to send out for legal collections? Thank you! ------------------------------ Liz Patrick Vice President of Lending Community Star CU Elyria OH (440)545-6685 ...

  • Posted in: Open Discussion

    Jack, the Day Air board considered compensation to directors several times in past years, always opting to remain volunteer.  If and when the decision is made to compensate, it will likely be in conjunction with several other governance decisions (e.g. term limits, more defined minimum qualification ...

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