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CU System
PCUA board to realign governance
HARRISBURG, Pa. (7/23/10)--The Pennsylvania Credit Union Association (PCUA) board unanimously approved a recommendation of its Dues and Governance Task Force to realign association board seats to ensure representation from all asset-size credit unions. Beginning with the May 2012 election cycle, directors will be elected by asset category instead of district. The number of directors will remain at nine with three elected from credit unions with less than $30 million in assets, three from $30 million to $100 million in assets and three from credit unions with more than $100 million in assets, said PCUA (Life is a Highway July 22). “Moving from a geographic to an asset-based board of directors completes the process of the restructured board governance that began in 2005 when the board was downsized to nine from 21,” said Bill Lavage, chairman of PCUA’s Dues and Governance Task Force. “It was a feeling of the task force that credit unions of a similar asset size have more in common with each other than those that are in a particular district. This new structure will ensure that all sized credit unions are represented on the association board now and in the future,” Lavage added. Details of the new model are being finalized. The association will need to change its bylaws to implement it.


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