General Qualifications
A Chartway member desiring to be placed on the ballot for the Board of Directors must meet the following qualifications:

• Be a member in good standing.
  
• Be in a position to represent Chartway's members.
  
• Possess enough knowledge of Chartway's operation, philosophy and services.
  
• Be able to attend meetings, seminars and conferences as may be required, both locally and out of town.
  
• Have a minimum of three (3) years credit union volunteer experience.

Important Dates:
February 4, 2009 – All member requests for consideration by the Nominating Committee must be received by this date.

February 18, 2009 – 90 days prior to the Annual Meeting - The Nomination Committee files its nominations with the Secretary.

March 5, 2009 – 75 days prior to the Annual Meeting - The Secretary is notified that nominations for vacancies may be made by petition. *

April 9, 2009 – 40 days prior to the Annual Meeting - The petitions for nominations are closed, deadline for the receipt of certificates from nominees agreeing to the nomination and serving if elected.

May 13, 2009 – 5 days before the Annual Meeting - Deadline for members to return ballots (including electronic, paper and absentee ballots).  When the number of nominees equals the number of positions to be filled, there will be no election and there will be no nominations from the floor.

May 19, 2009 – Chartway Federal Credit Union Annual Meeting, Virginia Beach Convention Center. 

Considerations By Nominating Committee
A member in good standing submitting their name for consideration by the Nominating Committee must submit a statement of qualification and biographical data with the request for consideration. The Nominating Committee will be looking for the following qualities and prerequisites (not all-inclusive) when evaluating a prospective nominee:

Time Commitment - The nominee must be willing to make a commitment to devote a significant amount of his/her personal time as a director by attending regularly scheduled and special meetings as well as working on various committee assignments.

Member Awareness - Nominees should have a sufficient understanding of credit union philosophy in general and Chartway membership, in particular, to be able to develop policies and programs which will meet the financial needs of our members.

Communications - The ability to communicate and interact with the team of elected and appointed volunteers and regular staff is essential to being an effective Director.

Credit History - Nominees must have a good credit history and be bondable. Elected Directors must maintain that standard.

Ethics/Character - The background of nominees should reflect a high degree of personal character and integrity, both social and professional. If elected, nominees must be prepared to avoid all conflicts of interest which could or appear to impair the judgments and decisions affecting the credit union.

Background - Nominees should possess sufficient education and/or experience in a position of responsibility involving decision making, to provide the background to be an effective Director of a large credit union.

Objectivity - A key factor in the making of an effective Director is the ability to analyze and evaluate the situations that constantly confront credit union management and the Board. Directors must be able to make objective decisions in those situations.

* To Run For the Board By Petition
If a member was not nominated by the Nominating Committee, nominations for vacancies may also be made by petition.  A candidate running for the Board of Directors by petition must complete the following:

1. Each nominee, by petition, must submit a statement of qualifications and biographical data with the petition. In addition, the petition must be accompanied by a signed certificate from the nominee stating that he/she is agreeable to the nomination and will serve if elected to office. 

2. A candidate running for the Board of Directors by petition must submit a petition bearing the members' names, signature, account numbers and date.  The petition must be signed by 500 members of Chartway Federal Credit Union.  An example follows:

PETITION EXAMPLE

WE, the undersigned members of Chartway Federal Credit Union, jointly and severally petition for __________________, to be placed in nomination and stand for election to the Board of Directors of Chartway Federal Credit Union, at its annual meeting on ________________, and to that end execute this document.

LIST NAMES, SIGNATURE, ACCOUNT NUMBERS AND DATE

 NAME (print)   SIGNATURE   ACCOUNT NUMBER   DATE

____________  ____________  ____________  ____________
      
All correspondence should be addressed to:
Chairman of the Nominating Committee
Chartway Federal Credit Union
160 Newtown Road
Virginia Beach, Virginia 23462