Annual meetings are no longer conventional events at many credit unions. For example, three Minnesota credit unionshave strategically modified their annual meetings to meet the changing needs of their membership.
By adding an inspirational keynote speaker, a guaranteed one-hour time limit and cash incentives to its Annual Meeting & Member Appreciation Day in February 2013, the $596 million SPIRE Federal Credit Union in the Twin Cities welcomed a record-setting number of members – nearly 2,000 total, which represents a 40 percent jump from 2012, and a 1300% increase from 2009, the credit union said.
SPIRE is the first credit union in the country to incentivize annual meeting attendees, the credit union said. According to SPIRE, the credit union's "strong overall financial picture" allowed the organization to provide a $25 cash payment to all attendees.
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