Notice of Annual Meeting & Elections to the Board of Directors

Notice of Annual Meeting and Elections to the Board of Directors

The annual meeting of Fort Randall Federal Credit Union will be held on April 22, 2025 at 6:00p.m. at Two Spurs Steak House, Wagner, SD.

The Board of Directors consists of 7 (seven) members, all of whom must be members of the credit union. Each member of the board serves in a voluntary capacity, meaning that no one member is compensated for service. The board meets once each month.

The Board of FRFCU has the general direction and control of the affairs of the credit union and is responsible for performing all the duties customarily performed by board of directors. This means that volunteering to serve on the board is a commitment- you must be able to fulfill the responsibilities of a board member. Remember, too, that your fellow credit union members have placed their trust in you to act in not only the credit union’s best interest, but also the members’.

1.      Three members’ terms of your Board of Directors will expire this year – each term is 3 (three) years. The Board selected three directors to serve on the nominating committee: Robert Durham, Cynthia Hoeksema, and Samantha Bultsma. The nominating committee is pleased to announce that Anthony DeWald, Erica Svatos, and Josh Janis have agreed to serve on the board for a 3 (three) year term.

a.      Anthony DeWald:

b.      Erica Svatos:

c.       Josh Janis:

2.      This election WILL NOT be conducted by ballot and there will be no nominations from the floor. Members may submit nominations to the board via petition: the petition must be signed by no fewer than 20 (twenty) eligible members.

3.      To be effective, nominations made by petition MUST be accompanied by a signed statement of the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office.

4.      Each nominee by petition MUST submit a statement of qualifications and biographical data with the petition.

5.      Nominations made by petition MUST be submitted to the nominating committee no later than 5:00 p.m. March 13, 2025. Petitions may be submitted to the nominating committee via any FRFCU staff but must be hand delivered to an FRFCU location. Petitions will not be considered complete and will be discarded if the above criteria are not met.

** An eligible member is one who is over the age of 18, and who is the primary account holder of a shares account. Irrespective of the number of shares accounts, each eligible member is entitled to ONE vote only.

Voting: Voting will be held if and only if more than one candidate (nominee) runs for any of the three open board seats.

If more than one person is nominated for an open seat on the Board, voting procedures will be conducted as follows:

1.       Voting will be held via mail.

2.       All ballots must be received no later than midnight, April 14, 2025.

a.       Ballots may be hand-delivered or sent through regular mail to Fort Randall Federal Credit Union, Po Box 297, Wagner, SD 57380.

3.       Voting will close midnight, April 18, 2025.

4.       All ballots must include the following eligible voter’s information:

a.       Name

b.       Address

c.       Credit union account number of eligible voter

d.       The signature of the eligible voter

e.       Ballots lacking this information will be discarded.

If you have any questions about what a Board member actually “does,” or questions about the petition, voting or any of the related procedures please contact Julie Thomson at admin1@ftrandallfcu.com or     605-384-5332