Rio Grande Credit Union
Rio Grande Credit Union
Annual Meeting

RGCU Annual Meeting

The 2024 Annual Meeting is April 27

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2024 Annual Meeting

 This year's Annual Meeting will be held on Saturday, April 27, 2024. 

The meeting will be held virtually beginning at 10 AM. Registration is required

Topics will include the following:

  • Highlights of RGCU's 2023 financial performance and community engagement
  • State of the Credit Union
  • Board of Directors election results
  • Plans for 2024 and beyond

Annual Meeting Registration

Registration will be made available soon. 


Election Information

As a credit union member, you have a unique opportunity to have your voice heard. RGCU is governed by a Board of Directors made up of 7 credit union members. These Board members are elected by all of you, the membership, and serve in a volunteer capacity. That democratically elected, volunteer leadership is one of the key differences between credit unions and other for-profit financial institutions.

The nominating committee has made nominations for vacancies on the Board. The election will not be conducted by ballot and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. However, additional nominations may be made by petition prior to the meeting by following the procedures and by meeting the criteria within the established timeline as outlined below. 

Candidates who are interested in running for the Board of Directors please note: Packets must be picked up (or logged online) by January 19 at noon, and returned (or submitted online) by January 31 at noon.

Election Rules, Procedures and Qualification Requirements for the Board of Directors

  1. The Election Committee shall be comprised of the Rio Grande Credit Union’s (RGCU) Supervisory Committee and shall be known as the Selection Committee. The “Election Period” is herewith defined to mean the period beginning on the date Volunteer Applications are available for pick up by candidates and concluding when the Annual Membership meeting is held, and election results are announced.
  2. The Election Teller for the election will be Cornerstone Credit Union League. Decisions made by Cornerstone Credit Union League are final.
  3. Candidates must be a member of RGCU for a minimum of three years, be in good standing, meet the prerequisites as listed in the RGCU Board of Directors’ Job Description (see attached), and must be at least 18 years old. In addition, a candidate must have a minimum of two years employment or volunteer experience in a financial services institution or a financial services-related institution or must have equivalent experience. The Selection Committee, in its sole discretion, shall make a final determination of whether the candidate’s volunteer service satisfies this requirement.
  4. A candidate must inform RGCU of his/her intent to seek election by 1) digitally signing the website log at RGCU’s website (, enabling them to either download a Volunteer Application packet or complete an online application, or 2), by picking up a Volunteer Application at the RGCU Downtown branch located at 1211 4th Street NW, Albuquerque, New Mexico 87102, and by physically signing the Selection Committee’s Candidate Log no later than 12:00 pm MST (noon) on Friday, January 19, 2024.
  5. The candidate’s Volunteer Application, a brief statement of qualifications and biographical data, including specific information on length of membership with RGCU and prior volunteer service with a financial services institution, must be returned to the RGCU Downtown branch located at 1211 4th Street NW, Albuquerque, New Mexico 87102, or completed on the website, no later than 12:00 p.m. MST (noon) on Wednesday, January 31, 2024. The Selection Committee has sole discretion to determine Volunteer Applications incomplete and/or non-responsive and therefore deem the candidate ineligible to continue with the election process.
  6. Candidates must also complete and pass the Board of Directors financial literacy competencies required by the National Credit Union Administration within the calendar year immediately preceding the date of submission of the Volunteer Application. Information concerning this requirement is contained in the Volunteer Application packet (see attached notice). Evidence of successful completion of this requirement within the last year is mandatory with submission of the Volunteer Application. Current incumbents seeking reelection and Supervisory Committee members are exempt from this financial literacy requirement.
  7. The Selection Committee may, at its discretion, nominate no more than one qualified individual for each position. The candidates nominated by the Selection Committee shall be automatically placed on the election ballot.
  8. If there are qualified candidates other than those nominated by the Selection Committee, those candidates shall promptly be notified by email that they have not been nominated by the Selection Committee, but that they may be placed on the ballot if they obtain valid signatures of at least 1% of RGCU members in good standing. Signatures must be obtained on current petition forms designated and provided by RGCU. Signatures must be returned to the RGCU Downtown branch located at 1211 4th Street NW, Albuquerque, New Mexico 87102, no later than 12:00 p.m. MST (noon) on Wednesday, February 14, 2024. Each signature line must be completed fully, and all information must be legible. The Selection Committee and RGCU staff will verify each signature line and make a determination, in their sole discretion, concerning validity of a signature, including, but not limited to, whether a member is in good standing. Signatures shall be invalid if they are deemed illegible, the member is not in good standing or the account holder is a joint member. A candidate who fails to obtain the minimum number of valid signatures shall not be placed on the ballot.
  9. A drawing of the candidates’ tentative ballot position shall be held no later than Friday, February 23, 2024.
  10. Paper ballots will be mailed to RGCU members no later than Friday, March 1, 2024, and completed ballots must be received in the return envelope provided no later than Friday, March 22, 2024.
  11. Election results shall be announced publicly to the membership at the Annual Meeting. Candidates will be informed individually of the outcome of the election via the email address they provided within a reasonable time after the results are provided to the Selection Committee.
  12. Candidates soliciting assistance from RGCU employees is prohibited.
  13. At any time during the Election Period, candidates’ campaign posters will not be permitted on RGCU premises and no candidate campaigning will be allowed on RGCU property or within 100 feet of RGCU property, including parking lots. Campaigning includes gathering, seeking, or requesting signatures and any form of working in an organized and active manner concerning the ballot and election, including, but not limited to, asking or requesting RGCU members and/or staff to vote in the election. Any violation of this provision will result in a candidate being disqualified from the election. The Selection Committee reserves the right to make, in their sole discretion, all decisions concerning disqualification and which decisions will be deemed final and non-appealable.
  14. Member names and addresses are available from RGCU for voting purposes only. All candidate mailers must be produced and paid for by the candidate. Additionally, all candidates shall use an RGCU approved mail house (options will be provided by RGCU). Confidential member information will not be provided directly to the candidate. The candidate must cover all mail house costs.
  15. Any candidate communications, including candidate mailers and any other campaign materials, whether mailed, distributed by hand or shared on social media, must be approved by the Selection Committee prior to being distributed in any format to members. The Selection Committee may take up to five business days to respond to candidates.
  16. Any RGCU purchased materials, including use of RGCU’s logo, may not be used for election purposes (ex., business cards, letterhead).
  17. These Rules and regulations are in accordance with the RGCU Bylaws.
  18. The Selection Committee reserves the right to edit candidates’ statements for content and consistency and to shorten any statements it deems excessively lengthy and/or inaccurate. Statements shall not exceed 150 words. Any text in excess of 150 words will not be included in the candidate’s statement provided to members.
  19. If any of the above rules are not satisfied or otherwise violated, as determined by the Selection Committee in its sole discretion, the applicant shall be disqualified from the election.
  20.  Candidates shall refrain from contacting the Selection Committee in person, by telephone or e-mail. A violation of this rule will result in disqualification from the election. If questions concerning the election arise, candidates shall address question(s) in writing to: The Selection Committee will seek to respond to inquiries within 48 hours of receiving emails.
  21. Candidates understand and agree that submission of the Volunteer Application shall result in the Selection Committee performing a background check with a third-party vendor and that Candidate shall be required to cooperate in the background check process.
  22. These rules govern the conduct of the 2024 election.

Board of Directors Job Description

TITLE: Director
REPORTS TO: Membership
SUPERVISES: Chief Executive Officer (CEO)

Primary Functions

Provide governance to the Rio Grande Credit Union as follows: set policies, plan the strategic direction of the credit union; ensure the safety and soundness of the credit union; develop and ensure the mission of the credit union; maintain open communications with membership and management of the credit union; select the CEO; direct and review the CEO’s progress in achieving stated goals and objectives; and report to membership as required by law.

Duties and Responsibilities:
  • Work in conjunction with the CEO and fellow board members to develop a mission, vision, strategic plan and long-range objectives for the Rio Grande Credit Union.
  • Ensure that the Rio Grande Credit Union adheres to relevant laws, regulations and sound business practices by establishing boundaries within which the CEO may operate and establish operational procedures.
  • Ensure that the Rio Grande Credit Union maintains sound financial conditions and appropriate asset equity management and to protect the credit union’s assets at all times.
  • Provide for bonding and other security measures as necessary, including internal control procedures.
  • Approve the Rio Grande Credit Union annual budget, strategic plan and incentive plan.
  • Employ the CEO and define the scope of duties for the position. Review progress in attaining prescribed goals and objectives.
  • Provide an annual review of policies for lending, investments, asset/ equity management, security, disaster recovery, technology, insurance and others as may be needed.
  • Prepare for and attend all board meetings, committee meetings, planning sessions, budget meeting and annual membership meeting.
  • Interview and select members of the supervisory committee based upon qualifications and benefit to the Rio Grande Credit Union.
  • Identify, cultivate and prepare for future board leadership individuals whose participation will enhance the board and the Rio Grande Credit Union.
Required Qualifications
  • A minimum of eighteen years of age
  • Three years minimum membership in the Rio Grande Credit Union
  • A minimum of two years’ employment or volunteer experience in a financial services institution or a financial services-related institution or must have equivalent experience.
  • Shall not have been dismissed for cause by the Rio Grande Credit Union or any other financial institution.
  • Shall not have caused any monetary loss for the Rio Grande Credit Union or any other financial services institution
  • Shall not be delinquent more than sixty days on any Rio Grande Credit Union Loan or any other loan issued by any other financial services institution
  • Shall not have been named a defendant in a foreclosure suit
  • Shall not have been convicted of a felony as an adult and shall be of good sound character
  • Shall have a credit score of “B” or better
  • Shall be bondable
  • Shall not have filed bankruptcy in the past 7 years
  • Shall not currently be an employee of the Rio Grande Credit Union
  • Willing to have a background check performed and a credit report obtained.

Board of Directors Financial Literacy Requirements

NCUA Regulation 701.4 outlines the duties of credit union boards of directors. Certain provisions included in this rule, which took effect in January 2011, relate to the financial literacy requirements of directors. At a minimum, a director of a credit union must have a working familiarity with basic finance and accounting practices including the ability to read and understand the credit union’s statement of financial condition and income statement and the ability to ask, as appropriate, substantive questions of management and auditors.
In order to comply with this regulation, RGCU will be requiring all director candidates to attend a financial literacy course and pass the course’s final exam as provided by the credit union. This course will be held on Monday, January 29, 2024, from 2:00 pm to 5:00 pm at the Rio Bravo branch located at 301 Rio Bravo SE, Albuquerque, New Mexico 87105.
Attendance and successful completion of the course is mandatory for all director candidates. Candidates must RSVP to for the class by Friday, January 26, 2024. If there are no RSVPs, the class will be cancelled. 

Board of Directors Volunteer Application

Thank you for your interest in volunteering to be a candidate for a director position on the Board of Directors of the Rio Grande Credit Union. An application, consent to obtain a credit report, and scheduling a financial literacy exam must be completed.

There are three ways to obtain, complete and submit an application:
  1. Pick up a packet from our Downtown branch
  2. Download the Volunteer Application Packet here
  3. OR, complete the online application and submit below
Packets must be picked up or logged online by January 19 at noon, and returned or submitted online by January 31 at noon.

All applications are subject to the Board of Directors Election Rules, Procedures, and Qualification Requirements.

* Required Fields
Board of Directors Volunteer Application

By submitting this form you consent to use electronic records and signatures, and agree to be bound by the terms of the Board of Directors Election Rules, Procedures & Qualification Requirements.

During this application, we will ask for you to upload a copy of your current drivers license and a current resume if available.

Please expand and complete the information requested in each section.

By submitting this application, I authorize RIO GRANDE CREDIT UNION to obtain a Background Check and/or Consumer Credit Report on me.

This authorization is valid for purposes of verifying information given pursuant to employment, leasing, rental, business negotiations, or any other lawful purpose covered under the Fair Credit Reporting Act (FCRA).

The Background Check may contain information available in the Public Domain but may not include interviews with persons other than previous employers or their agents or references for which I have provided.

By my submission, I hereby authorize all corporations, former employers, credit agencies, educational institutions, law enforcement agencies, city, state, county and federal courts and agencies, military services and persons to release all information they may have about me including criminal and driving history. This authorization shall be valid in original or copy form.

Social Security Number:
 -   - 
Date of Birth:
 /   / 
Provide Addresses for the Last 7 Years

Start Date:
 /   / 

Start Date:
 /   / 
End Date:
 /   / 
We will need to obtain a copy of your current drivers license. If you have a copy in image or pdf form, please upload it here.
If elected I will comply with the following:
  1. I am able to attend at least two Board of Directors meetings each month.
  2. I am able to participate in Board of Directors sub-committees to update issues and policies required by the credit union. I am able to make solid decisions for improvement and growth of the credit union.
  3. I am able to attend two meetings outside of the Albuquerque area for strategic planning and approving the annual budget.
  4. I am willing to enhance my education by studying for the Volunteer Achievement Program and completing the basic program, including at least one more module each year that I am a board member.
  5. I am bondable and am willing to undergo a background check.

I hereby certify that the information contained in this Volunteer Application is accurate and complete under penalty of perjury.

I do consent and give my authorization for you to obtain employment information, a criminal background check and credit reports for your review and consideration in determining my qualifications for candidacy on the Board of Directors at Rio Grande Credit Union.

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