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S. Carolina CUs agree to smaller league board
COLUMBIA, S.C. (11/13/09)--Delegates at a special membership meeting of the South Carolina Credit Union League (SCCUL) Oct. 28 unanimously affirmed a bylaws amendment from the league's Board of Directors to reduce the number of directors to seven from 14, and to extend director terms to three years. To execute the change, each current league director will resign April 17, 2010, at the 2010 Annual Meeting business session. Those interested in continuing on the board must seek nomination and be elected by the traditional mail-in ballot process, said the league. The change also sets up future election cycles by staggering successful candidates' terms. Three seats will have three-year terms, two will have two-year terms and two will have one-year terms. SCCUL Chairman Scott Woods, who is also CEO of North Charleston-based South Carolina FCU, congratulated the sitting directors on the action. "I thank each sitting director for putting this body's efficiency and value to the league and its membership ahead of any personal objectives." He noted the action positions the league for continued success in serving member credit unions. The reorganization stems from a declining total number of credit unions in the state. SCCUL President/CEO Garry L. Parks shared the findings of a study by league executive officers of other leagues and the ratio of directors to members. Parks noted that the board makeup had remained the same since the number of credit unions eligible for league membership peaked at 202 in 1978. As of December 2008, SCCUL membership totaled 81 credit unions. The South Carolina Credit Union League is celebrating its seventy-fifth year of service to Palmetto State credit unions.


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