Vote for BECU Board Members and Audit Committee
Take part in shaping the credit union! As a member-owner, you’re entitled to vote. Voting takes place between Monday, April 12, and Monday, April 19, 2021.
BECU is a cooperative. As such, we are a democratic organization and each of our members has a stake in owning BECU.
You're invited, as an eligible member, to elect members of BECU's Board of Director and Audit Committee. Candidates have been vetted and nominated by the BECU Nominating Committee. You can read more about that process below.
Why vote? As a credit union, every eligible member gets a vote! We're all in this together, and making our voices heard is an exciting part of the credit union movement.
How to Vote
Voting takes place in advance (online, by telephone or mail) and the results are announced at the Annual Meeting on Thursday, April 22.
Come together with your fellow members: Vote and plan on attending the Member Summit! The annual Member Summit offers members the opportunity to ask executives questions, attend free seminars, make the most out of their membership and more.
Place Your Vote:
- VOTE ONLINE at becu.cuballot.com. Please note BECU's online voting is conducted via a secured website, run by CU Ballot.
- VOTE BY PHONE. Call CU Ballot at 888-325-7654 and place your vote over the phone.
- VOTE BY MAIL. Call CU Ballot at 888-325-7654 to request that a paper ballot be mailed to you. Once received, cast your vote and return in the envelope provided.
Voting will commence on Monday, April 12, 2021. The deadline for CU Ballot to receive all votes is Monday, April 19, 2021 by 11:59 p.m. PDT.
Eligibility to Vote
Each member is allowed only one vote, regardless of the number of accounts. To be eligible to vote, members must meet the following criteria:
- Joined BECU on or before February 1, 2021;
- Be 18 years of age as of February 1, 2021; and
- Business members are eligible to cast one vote under the following allowance: A membership that is an entity other than a natural person (e.g., partnership, LLC, or corporation) is eligible to one vote which must be cast through a duly authorized agent of the entity, as determined in good faith by credit union.
Key Responsibilities of the BECU Board of Directors and Audit Committee
The Board of Directors is responsible for, among other things:
- Managing the business and affairs of BECU
- Hiring and evaluating the President/CEO and determining his or her compensation
- Reviewing and approving BECU's policies
- Approving BECU's annual operating budget
- Reviewing the Audit Committee's annual report
- Reviewing and approving long-term strategic objectives
- Monitoring operations for compliance with the law, BECU's bylaws, BECU's policies, and principles of safety and soundness.
The Audit Committee is responsible for, among other things:
- Keeping informed of BECU's financial condition
- Reviewing and evaluating the effectiveness of BECU's internal controls, including:
- Adequate control environment and governance compliance
- Compliance with applicable law
- Operational efficiency and effectiveness of controls
- Reviewing and approving the annual audit plan and all major changes to the plan
- Reviewing internal audit's performance relative to its plan
- Approving decisions regarding the appointment, replacement, or dismissal of the Chief Audit Executive
- Reporting to members at the Annual Membership Meeting.
How Candidates Are Nominated and Vetted
Candidates interested in being considered for the Board of Directors and Audit Committee submit résumés and letters of interest to the BECU Nominating Committee. After an initial screening of resumes, interviews are then conducted, and candidates are nominated by the BECU Nominating Committee.
The nominated candidates are then elected by our members - that's you.
Questions? Please contact the BECU Legal Department at 800-233-2328 ext. 5050.