Darks in bullseye

Board Members

The Board of Directors

The Board of Directors is ultimately responsible for all the operations and functions of the Credit Union. To carry out this responsibility it must:
  1. Clearly establish policy.
  2. Select competent management.
  3. Assure itself conclusively that management is performing properly.
     

Responsibilities

A Director of the Credit Union is, by definition, one who directs. He/she is not directed by the Treasurer, or President/CEO, the chairman of any committee, or others.
 
Some of the detailed responsibilities of Directors are as follows:
 
  • Meet regularly.
  • Approve membership applications.
  • Establish and approve an annual budget.
  • Establish interest rates and approve expenditures.
  • Authorize necessary bond coverage, investments, and depositories for funds.
  • Declare dividends and establish reserves.
  • Fill vacancies on the Board and Committees between annual meetings.
  • Review and act on delinquent loans.
  • Maintain working relationship with Credit Union Management and Committees.
  • Receive and take appropriate action on the reports of the supervisory authorities and examining committee.
  • Review progress of Credit Union in serving member needs.
  • Plan for the long-term development and needs of the Credit Union.
     

Interested in Serving?

Serving on our Board of Directors is a great way to get involved and make a difference. Each prospective Board of Directors candidate must meet the following minimum criteria before his or her name can be placed on the ballot:
 
  • Be a primary member of Bayer Heritage Federal Credit Union. A joint account owner is not a primary member.
  • Be a primary member in good standing. This means that at no time during membership has the candidate caused the credit union a monetary loss.
  • Be at least 21 years of age.
  • Be bondable.
  • Provide the Nominating Committee with a written statement as to “Why I want to serve on the Board of Bayer Heritage FCU,” along with a resume, no later than March 2, 2019 or 110 days prior to the Annual Meeting date which is scheduled for June 20, 2019. Incumbent Board Members are exempt from this requirement, but they may provide a written statement if they desire. 
  • After the March 2nd deadline, any natural member, in good standing, desiring to be nominated by petition for election shall submit his/her candidacy, in writing; must meet the same criteria as those candidates identified through the Call for Nominations; and must submit a petition supporting his/her candidacy signed by not less than 1% of the members with a minimum of 20 and maximum of 500 natural voting members no later than April 21, 2019.
  • Complete modules V-100, V-101, V-102 of the Volunteer Achievement Program.
  • Watch the “Credit Union Board Effectiveness” video.
For sale sign icon linking to CU Owned Properties - Repos and Foreclosures

Repos & foreclosures

Get in on those deals! To view any vehicle or property, contact the Collections Department at 304-455-4029 x 1480. CU Owned Property
Webinar icon linking to Balance Financial Fitness Page - Webinar Info and Sign up

free financial webinars

We've partnered with BALANCE to provide free access to financial counseling, education and resources. Grab a virtual webinar seat today!
 
If you are interested in running for Bayer Heritage FCU’s Board of Directors, call (304) 455-4029 for additional information.
To contact the Board of Directors, please call 800-272-6003 or mail inquiries to:
Bayer Heritage FCU Board of Directors
17612 Energy Road
Proctor, WV 26055 
Students walking on campus

Smart Option Student Loans®

Pay for college the smart way with three great repayment options and competitive interest rates! Student Loan Options
Man holding phone and card

complete credit & debit card control

Manage your credit & debit card from your phone; turn it on/off, control spending limits, set transaction alerts and more. MobiMoneyTM Details
Woman on laptop

Love my credit union

Enjoy exclusive savings every day. Members have saved nearly $2 billion on discounts from partners! CU Reward Details