State Department Federal Credit Union's Board of Directors consists of nine members who are elected to three-year terms and serve without financial compensation. They possess the responsibility for maintaining the general direction and control of the Credit Union to safeguard each member's investments.
The Board meets monthly on the fourth Tuesday of each month. Board members also serve on one or more committees. Committees are composed of Board members, staff, and members-at-large, and meet once a month on a schedule that is convenient to the committee members.
We are always looking for interested members who would like to participate in leading our organization for the benefit of all members. If you are interested in serving on the Board of Directors or a committee, please email us.
To view the winners of our 2008 Board of Directors election, please click here.
2007 - 2008 Board of Directors
Marlene E. Schwartz, Chairman |
Robert B. Petersen, Vice-Chairman |
Stephen K. Fischel, Secretary |
Ron Whitworth, Treasurer |
Renee DeVigne |
Harold Geisel |
Nellie Clemons-Green |
Richard L. Greene |
James E. Robertson
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Senior Management
Jan Roche, President/CEO
Deborah Clark, Vice President of Marketing
Faith Miller, Senior Vice President of Lending
Randall McClintock, Senior Vice President of Finance and Performance Management
Charles Roberts, Chief Technology Officer
Committees
Asset/Liaibility Committee
The mission of this committee is to:
- Develop a program of matching funds - shares to loans and investments
- Review existing services, rates and costs
- Explore potential services and programs and recommend their implementation
Delinquent Loan Committee
This committee meets at least quarterly to review accounts recommended for charge-off against allowance for loan losses and presents the charge-off packages to the Board of Directors. The Committee reviews negative share balance charge-offs, and monitors loan loss trends.
Executive Committee
This committee, comprised of the Chairman, Vice Chairman, Secretary and Treasurer of the Credit Union, acts for the Board in all matters relating to investments and any such other duties as may be outlined in the Federal Credit Union Act and the SDFCU Bylaws.
Investment Committee
This committee has authority and responsibility for:
- Reverse repurchase agreements and other borrowings
- Sale and securitization of mortgage loans in the secondary market
- Negotiation of jumbo share certificate rates
Loan Review Committee
The Committee consists of
three members, not more than one of whom may be a loan officer, who
will be appointed for two-year terms. They review denied loan
applications of members who file written requests for review, and have the power to overturn those denials.
Membership Committee
This committee was established to promote membership growth and to review applications from potential occupational, associational, or community groups and search out new employee groups which have an interest in joining the membership of the State Department Federal Credit Union.
Supervisory Committee
The primary functions of this committee are to ensure that:
- On-going reviews and audits to make sure that credit union records are maintained properly, honestly, and accurately
- Policies established by law and by the Board of Directors are carried out faithfully
- Members' assets are safeguarded and used according to the purposes of the credit union
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