Volunteer Advisory Board

Volunteer – Advisory Board

The purpose of AltaOne Federal Credit Union’s Advisory Board is to provide valuable insights and recommendations to the credit union's Board of Directors. Serving in a consultative capacity rather than a governing role, the Advisory Board offers advice and suggestions on a range of issues pertinent to the Credit Union's operations and strategic direction. All Advisory Board members are unpaid volunteers and appointed by the credit union’s Board of Directors.

Expectations of an Advisory Board Member

• Be a strategic thinker
• Offer diverse perspectives
• Attend regular quarterly Advisory Board meetings
• Actively promote the credit union
• Be the voice of our members and communities
• Have an enthusiasm for learning

Eligibility

• Be a member in good standing.
• No immediate family member is a paid employee of the credit union.
• Pass background check.
• Applicants must not be employed by a company or involved in a business that competes with the credit union.

Selection Criteria

The following criteria will be used by the Nominating Committee in selecting Advisory Board members:

• Connection and Accountability to the CDFI Target Market: At least 60% of the Advisory Board members must be directly accountable to the CDFI Target Market. This can be established by the member being part of, living in, working in, or serving individuals within the CDFI Target Market. Visit www.altaone.org/cdfi for more information on AltaOne’s CDFI Target Market.
• Knowledge of Community Needs and Challenges: Candidates should demonstrate a deep understanding of the community's needs and challenges, particularly within the target market.
• Alignment with the Credit Union’s Mission: Candidates must align with the mission and values of AltaOne Federal Credit Union.
• Commitment to Service: Candidates must be able to commit to the full term of service on the Advisory Board.
• Background in Community Development and Financial Services: A strong background in community development, financial services, or related fields is preferred but not required.
• Board of Directors Representation: One Advisory Board member must also be a member of the credit union’s Board of Directors.

The Nominating Committee will ensure that final candidate selections represent a diversity of communities. Advisory Board members should be both demographically and geographically diverse.

Selection Process
Applications for the Advisory Board will be reviewed by the credit union Board of Director’s Nominating Committee.  Once the Nominating Committee makes their selections, they will be submitted to the credit union’s Board of Directors for approval. Candidates may be contacted during this process for an interview.  Interviews are at the discretion of the Nominating Committee.

Terms of Service

As this is the initial seating of the credit union’s Advisory Board, terms will be staggard. Terms will be one, two, and three years to ensure proper rotation and continuity. A minimum of five positions are available.

Application Window

Applications to serve on the credit union’s Advisory Board will be received between October 1, 2025, and close of business on November 15, 2025.

Note: All positions on the Advisory Board are volunteer positions. Credit unions are not for profit financial cooperatives and Advisory Board members are unpaid officials.