Credit union implements staggered terms for board.

Church of the Brethren Credit Union (CoBCU) members elected board members for the next year in a venue and process new to the organization, at their annual meeting in July.

Meeting for the first time at the Church of the Brethren Annual Conference, in Peoria, Ill., credit union members elected nine returning and three new members to serve on the board during the upcoming year. However, unlike in past years, not all board members were elected to one-year terms. Concerned about the potential loss of corporate memory if a number of board members should simultaneously decide not to run for re-election, the CoBCU board in April approved an executive committee recommendation that created three-year terms.

To immediately implement these terms, all 12 candidates were up for election--four for one year, four for two years, and four for three years. Henceforth, only four board seats will be up for election for three-year terms in a given year.

Elected for 2005-06 for one-year terms were Nevin Dulabaum, director of Communication and Information Services for the Brethren Benefit Trust; Cathy S. Huffman, a teacher from Rocky Mount, Va.; Don Post, self-employed contractor and collector from Elgin, Ill.; and Ed Woolf, gift management/resources assistant for the General Board.

Elected for two-year terms, from 2005-07, were Janice L. Bratton, an investment officer of Hershey (Pa.) Trust Company; Paul W. Brubaker, executive vice president of Ephrata (Pa.) National Bank; Eric P. Kabler, owner of a financial service firm in Johnstown, Pa.; and Wilfred E. Nolen, president of Brethren Benefit Trust.

Elected for three-year terms (2005-08) were Ann Quay Davis, co-managing partner of Vicenti, Lloyd, and Stutzman in Glendora, Calif.; Darryl K. Deardorff, chief financial officer of Brethren Benefit Trust and director of the Brethren Foundation Inc.; David K. Gerber, senior vice president of Finance at Brethren Home Community in New Oxford, Pa.; and Daniel Poole, pastor of Covington (Ohio) Church of the Brethren.

The CoBCU executive committee for 2005-06 is David Gerber, chair; Nevin Dulabaum, vice chair; Ann Quay Davis, treasurer; and Ed Woolf, secretary.

Source: 8/17/2005 Newsline
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