NWCUA Redistricting Plan Ready for Ratification
January 12, 2012
January 12, 2012
After months of research and preparation, the Northwest Credit Union Association’s (NWCUA) redistricting plan needs only a thumbs-up from the membership to take effect.
The recommendations on the new district boundaries are the result of work done by the Redistricting Task Force, which consisted of nine credit union CEOs from Washington and Oregon who were appointed by NWCUA Board of Directors in early 2011. The fiscal impact on the Association is minor, with a slight savings in governance costs expected as a result of reducing the board’s size to 11 members.
The vote to ratify the new district boundaries recommended by the NWCUA board of directors will take place in early February, with all voting members of the Association eligible to cast an up or down vote on the proposal.
The original charge of the task force was to recommend changes to the Association’s bylaws and/or governance manual that result in:
- Each director representing approximately the same number of credit unions, and
- A ratio of state representation on the board that is proportional to the number of congressional districts in each respective state.
This was later modified by the board chairman to clarify that the task force had broad academic latitude to recommend all logical configurations.
“The coherent, common-sense recommendations made by the task force and approved by the NWCUA board is an example of the forward thinking of our leadership,” NWCUA CEO John Annaloro said. “The task force’s co-chairs were able to lead through complicated mathematical and cultural considerations to produce a districting map I believe we all can support.”
In addition to the new map itself, the redistricting vote will also focus on structure, and the approval of directors representing eight geographic contiguous districts, each containing approximately the same number of credit unions and combined with three directors representing at-large asset tiers, including:
- Asset Group No. 1: Less than $26 million in assets
- Asset Group No. 2: $26 million to $110 million in assets
- Asset Group No. 3: More than $110 million in assets
To maintain these three at-large asset tiers, each year before the scheduled elections the pool of member credit unions will be equally divided into thirds based on the most recent year-end regulatory reports. Asset division will then be rounded up to the nearest million and reset appropriately for elections.
“The Association’s most important duty regarding district boundaries is to make sure they are equitable and fairly represent the credit unions within them,” NWCUA President Troy Stang said. “All of our member credit unions were invited to participate in the collaborative process. The guidance we received was tremendously helpful.”
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Posted in NWCUA.