Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
AVCU Board Recommends Bylaw Changes
MONTPELIER, Vt. (3/25/13)--The Association of Vermont Credit Unions (AVCU) Board of Directors is recommending several changes to the association's bylaws to facilitate electronic voting and add an associate membership category.

AVCU President Joe Bergeron last week informed member credit unions the board will suggest the changes at the upcoming AVCU annual meeting on May 18 (Newslines Express March 22).

The purpose of the amendments recommended is three-fold:

1. To provide the option of voting and /or meeting by electronic means. Current bylaw language presumes that meetings of members and the board and voting on any matter are in person. Since technology changes are frequent, the proposed language mirrors Vermont's not-for-profit statutory language and allows meetings to be conducted by any means where participants are aware of comments by others, visually or audibly.

2. To create an associate membership category that carries no voting or right to hold office. Although none exist in Vermont today, it is becoming common for credit unions to have a presence in another state in addition to the one where they are domiciled. Such credit unions often request the same advocacy and information sharing as those domiciled in the state.  Also, vendor organizations have increasingly sought to become associate members of AVCU to participate in events and receive AVCU communications. An associate member category would allow them to be connected to AVCU, without the same rights as Vermont member credit unions.

3. To accommodate minor housekeeping changes from a review of the bylaws, and to recognize changes in technology.


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
10 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
10 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
11 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
12 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
13 hours ago