In line with trade group trends, the South Carolina Credit Union League is downsizing its board next year from 14 to seven and extending director terms to three years.
The move, approved at a special Oct. 28 membership meeting, takes effect next April. It is aimed at reducing an unwieldy board size "and follows governance within a number of state leagues," said a spokesman for the 79-member league.
To execute the change, each current league director will resign April 17 during the trade group's annual meeting and then the membership will elect new members. The change, as adopted by an amendment to bylaws, provides for future election cycles by staggering terms of successful candidates. Three seats will have three-year terms, two will have two-year terms, and two will have one-year terms.
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