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83rd Annual Meeting

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Published on January 14, 2019
 

You're invited to our 83rd Annual Meeting!

Enjoy light refreshments, review highlights from 2018 and learn about future projects to create a better member experience.

When: Thursday, April 11, 2019. The membership social begins at 5:45 p.m., while the business meeting begins at 6:00 p.m.

Where: Community Choice main office located at 31155 Northwestern Highway, Farmington Hills, Ml 48334

Election for Volunteer Board of Directors

Three Directors' terms are expiring, and they will stand for re-election. The election will take place during the annual meeting. To vote in the election, members must meet the following qualifications:

Annual meeting voting qualifications                      
  • Must be a member with a fully paid share of $5.00 by April 4, 2019
  • Must be at least 18 years of age by April 4, 2019
  • Members with joint accounts are entitled to only one vote by the primary account holder.

*Qualified members are entitled to only one vote, regardless of the number of shares owned. A share is a $5.00 deposit.

Nominations for Volunteer Board of Directors

We are accepting nominations for Volunteer Board of Directors. Individuals wishing to nominate themselves must be a member of Community Choice Credit Union and in good standing. The nomination process begins with completing the application. Applications will be reviewed by our nominating committee, composed of current board members.

Click below for the Volunteer Board Member Application with Service Agreement, Directorship Policy and more information regarding the application process.

Volunteer Board Member Application       Directorship Policy

 

Board Application Process

Become a Volunteer Member of the Board of Directors

One of the key differences between banks and credit unions is the democratic structure and control of credit unions. Our Board of Directors is not a group of paid shareholders, but a group of volunteers who are elected by the membership to oversee the governance of the financial cooperative. When you become a board member, you are making a commitment to serve the organization and its membership in a way that maximizes the shared interest of all members and stakeholders.

Individuals wishing to nominate themselves must be a member of Community Choice Credit Union in good standing. The nomination process begins with completing the application.  Applications will be reviewed by our nominating committee, composed of current board members. The election will take place at our annual meeting. Three Directors' terms are expiring. The incumbents who will stand for re-election are Michael Palazzolo, Thomas C. Cook and Cheryl Marks.

Members who would like to run for a board position may do so by filing a Board Volunteer Application no later than February 1, 2019 or a petition by March 28, 2019. The petition process requires 2,941 valid member signatures. Community Choice Credit Union bylaws and blank petitions are available upon request. If you have questions regarding the application process or duties of a board member, please contact Carol Wells, Executive Assistant, at 877.243.2528, ext. 1108 or email the nominating committee, c/o, CWells@CommunityChoiceCU.com .

 

Current board members running for re-election

Michael Palazzolo

Mr. Palazzolo is currently the Assistant Controller at American Axle & Manufacturing (AAM), a global, Tier-1 automotive supplier. In his current position, he is responsible for corporate financial planning and analysis including short-term budgeting and long range planning. Prior to joining AAM, Mr. Palazzolo has worked in various accounting and finance roles within global and regional Fortune 500 Companies. His experience includes building financial forecast models, managing complex accounting areas, maintaining internal controls and facilitating audits, financial reporting and business valuation activities of target companies.  He has been a business unit controller and has also led various project teams including initial public offering (IPO) filings and enterprise resource planning (ERP) software implementations. Mr. Palazzolo also holds a Bachelors of Accounting at Michigan State University; Eli Broad College of Business.  He is a licensed CPA, served on the Supervisory Committee at Lake Trust Credit Union (2000 – 2008) and is a certified Lean Sigma Green Belt.

Thomas C. Cook

Mr. Cook is President and CEO of Team Facilities, Inc. He has worked in the facilities management business for over 37 years, most recently as a Regional Facilities Manager for General Motors.  Mr. Cook is a Certified Plant Engineer and received his Bachelor of Electrical Engineering degree from General Motors Institute (now Kettering University). He also holds a Bachelor of Science in Organizational Behavior from Oakland University and a Masters in Business Administration from Wayne State University. He is currently on the Board of Directors as Treasurer of the Building Owners Management Association and is a member of the Engineering Society of Detroit and the Association of Facilities Engineers.

Cheryl Marks

Mrs. Marks’ retired in June from 38 years of teaching French and English at Western High School in Parma, MI.  She and her husband currently own CBM Consulting after many years of owning/managing a local lumberyard in Jackson. Prior to joining the CCCU Board she served more than 18 years as a Director then later Secretary/ Treasurer of Michigan Community CU.  Mrs. Marks is serving her 7th elected term as a trustee for Sandstone Township.  She continues to serve as the Planning Commission Secretary.  She holds a BA from Hillsdale College, a Master of Arts from Michigan State University and another Masters from Central Michigan University. This is her 36th year as a volunteer coordinator for Educational Foundation, a nonprofit exchange student organization. 

Volunteer Board Member Time Commitments

Monthly Board Meetings
Usually held at 6 p.m. on the third or forthThursday of the month at the Community Choice main office in Farmington Hills, with the duration lasting between one and three hours. Attendance in person is expected. Occasionally, the chairperson will call for the meeting to be held online or via phone conference.

Committees
Directors typically serve on two, sometimes three committees, which meet at least once per quarter. Meetings generally last 90 minutes and are scheduled by the committee chair to accommodate member schedules. Committees may meet more often when actively working on a task.

Educational and Planning Sessions
Once or twice throughout the year, attendance at an educational or planning session is expected that takes place over a weekend.

Every other year, an out-of-state educational session takes place. This usually runs Sunday through Wednesday.

Attendance at technology and budget meetings are required in October. These usually take place on the third Thursday of October from 1 p.m. to 5 p.m. These meetings take the place of the regular October board meeting.

There are occasional conferences to attend. 

Communication
All Credit Union emails are expected to be reviewed within 24 hours.

Events
Directors are encouraged to attend various events, such as:

  • Ribbon cuttings
  • Grand openings
  • Award ceremonies
  • Credit Union picnic/holiday party
  • Team member appreciation events

Orientation
Directors are required to go through an orientation program in the first 90 days that require some at-home reading, as well as meetings with directors and management. 

Online educational courses are required to be passed. There are courses required to be taken as part of the orientation process and then others that come up from time to time as approved by the board’s education committee.

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