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Board of Directors Nominations

Overview

Village Financial Cooperative (VFC) is an emerging Black-led Credit Union in North Minneapolis. VFC seeks to ignite a financial renaissance within the local Black community and beyond through cooperative economic practice in Minnesota. Our members believe in reversing the racial disparities of our state, especially those that negatively impact the Black community. Our Credit Union will be open to those who live, work, worship or goes to school in Hennepin or Ramsey County.

As a member-owned financial institution, VFC is governed by a Board of Directors who shape the  strategy and policies of the organization that are elected by members. The best candidate will be an active member of the community, invested in Black liberation, and will work their best to represent and serve as ambassador to VFC.

Timeline

March 6th-March 27th Nominations open
April 3rd Applications due
April 6th Interview with Nominations Committee
April 8th-22nd Members vote on proposed board slate from the Nominations Committee

Members vote in slate or the process is repeated

Length of Term

Members of the board will serve a two-year term and are required to attend monthly meetings to review VFC projects and plans to meet goals.

Equity Standards

VFC Board of Directors will represent the community it serves. We do not discriminate based on age, race, religion, gender, sexuality, differently abled, language, or political orientation. Anyone is welcome to be nominated.

Responsibilities

I.

  • Attend monthly board meetings
  • Attend board training sessions and annual board retreat
  • Serve on a committee within the board
  • Set and review policies

II.

  • Oversee the direction of VFC’s mission, vision, and values and report organizational progress
  • Ensure the credit union is in good financial health, adhering to state and federal regulations and is always striving towards its mission
  • Act in accordance to set governance, bylaws, and ethics (re: code of conduct/handbook for volunteers)
  • Ensure the Credit Union is in good legal and fiscal condition