Routing Number: 282075028
NOMINATION COMMITTEE ANNOUNCES CANDIDATE
The nomination process for the Board of Directors election was announced in the September 30th member statement and in the October issue of the Banner newsletter. One, three-year position expires in 2020. Volunteer Applications received by Friday, November 8, 2019 were reviewed by the Nominating Committee. At the November meeting of the Board of Directors, the Nominating Committee presented the following candidate:
Jon M. Moore, CPA (Retired) CFE
- Retired – Arkansas Legislative Audit - Deputy Legislative Auditor, State Agency Section
- Chairman – Arkansas Federal Credit Union Supervisory Committee
- Bachelor of Science in Business Administration; Accounting Major, University of Arkansas at Fayetteville
- Retired - Member of American Institute of Certified Public Accountants, Arkansas State Society of Certified Public Accountants, and the Association of Certified Fraud Examiners
Why I am seeking election to the Board of Directors of Arkansas Federal?
My wife and I joined the credit union shortly after we graduated from college. Since then, we have raised a family and completed our working careers. Through the years Arkansas Federal has helped us plan, save, and afford the necessities of life. As a volunteer these past five years, I have learned a lot about Arkansas Federal’s financial activities, policies, procedures, and services. I want to help the credit union maintain the excellent services to its membership and the community that I have enjoyed for many years.
Arkansas Federal Credit Union Activities
I began serving for the Arkansas Federal Supervisory Committee in April 2014 and became Chairman of the Committee in 2017. The Supervisory Committee is responsible for oversight of all internal audit activities at the credit union. During my time as Chairman we have streamlined internal audit activities to: produce more timely and effective audits, improve compliance with regulatory audit requirements, improve risk assessment procedures, and reduce the cost of internal audit operations by approximately 50%.
NOMINATIONS BY PETITION - 2020
In accordance with your credit union bylaws, nominations for vacancies may also be made by petition. Any member wishing to be nominated by petition for an open position on the Board may contact the Administration Department of Arkansas Federal Credit Union by calling 501-533-2274 or 501-533-2270 to request a Nomination by Petition packet. This packet includes the Rules and Guidelines as well as the petition. For a petition to be valid, it must include a minimum of 500 signatures of primary members in good standing as of the date of the petition signature.
The petition must be signed by the nominee indicating willingness to serve if elected, and include a statement of qualifications. Completed petition packages can be sent via mail to the Secretary of the Board of Directors at Arkansas Federal Credit Union, P.O. Box 9, Jacksonville, AR 72078, or dropped off in person at the corporate office to the Administration Department at 2424 Marshall Rd, Jacksonville, AR 72076. The petition package must be received no later than Monday, February 10, 2020.
ELECTION OF BOARD OF DIRECTORS
If an election is necessary, ballots will be mailed no later than Tuesday, February 25, 2020, to members in good standing as of January 31, 2020. All qualified ballots received by midnight on Saturday, March 21, 2020 will be counted. The Annual Meeting is scheduled for Thursday, March 26, 2020 at 2:00 p.m. in the Board Room at Arkansas Federal Credit Union’s Headquarters in Jacksonville, where election results will be announced.