Annual Meeting

Notice to Members: Annual Meeting of the Members
Meet the Candidates
Annual Meeting Reservation
Meeting Details

Notice to Members: 68th Annual Meeting

Friday, April 23, 2021
Meeting time: 5:30 pm – 6:30 pm
Virtual Meeting – Zoom

Registration (RSVP) is required

Register Here

Sign-in instructions will be provided once registered.
Join us for our virtual Annual Meeting.

As a not-for-profit that is cooperatively owned by our members, the entire credit union benefits when our members engage and participate in their ownership. That’s why we invite our members to attend our annual meeting each year. It’s an opportunity for you to meet our management and elected board and other volunteers as well as many of the other employees who serve the membership. It’s also an occasion that we use to report on the performance of our mutually owned credit union and look ahead to the future.


Meet the Candidates

One nomination was received for each open positions as follows:

    • Board of Directors (3-year terms) Susan Darcy, Viki Copeland
    • Supervisory Committee (3-year term) John Stewart

    Susan Darcy, 3 Year Term
    Susan Darcy has been a South Bay resident since 1995. Susan lived first in Manhattan Beach and then moved to Hermosa Beach in 1998. Susan volunteers with the YMCA Grab and Go Food Pantry, with the LA Foodbank, and has also volunteered with the Hermosa Beach Education Foundation, PTO, Project Forward (joint committee with City Council), and The Beach Cities Health District’s Errand-Running Program.

    Susan started as an Associate Board of Direct in 2011 where she learned the importance of volunteer service to credit unions and the important role the Board plays in the success of South Bay Credit Union. She became a full Board member in April 2012, later became Secretary of the Board, and has served as Vice Chairman since 2017.

    Susan has a long career in relationship lending with First Interstate Bank (now Wells Fargo), Wells Fargo Bank, Union Bank, Chase Manhattan, and Mutual Benefit Life. As an experienced, professional lender, Susan will bring added perspective to the lending culture.

    Viki Copeland, 3 Year Term
    As a long-term employee and resident of the South Bay, Viki is truly a contributor to our community.  Viki Copeland has been employed by the City of Hermosa Beach since 1973, been the Director of Finance since 1989 and has served as the Interim City Manager. She has also been active with the Hermosa Beach Manage­ment Association, the California Society of Municipal Finance Officers in and the Fiscal Officers Department of the League of California Cities. Viki received her Graduate Certificate in Public Financial Management from USC and her BS in Public Administration from Cal State Dominguez Hills.

    Viki has lived in Manhattan Beach since 1971 and has served on our Board of Directors since 1983.  Viki has been an integral part of our South Bay Credit Union’s long-term success.

    John Stewart, 3 Year Term Supervisory Committee
    John has been a member of South Bay Credit Union and an active volunteer since September 2018.  He currently serves on the Supervisory Committee.  John brings unique insight as a management consultant & executive at Armanino LLP, a national top 20 consulting, tax, and audit firm.  He has spent his career building and transforming companies of all sizes and industries including non-profits and financial services.

  • John is an active member of the South Bay where he serves as a Division Commissioner for the South Bay Pony Baseball league.  Little known fact, John’s first job was as a teller at a credit union where he grew up.  He currently resides with his wife and 2 young boys in Redondo Beach and has been a resident in the South Bay for 18 years.

Meeting Details

Why Do Credit Unions have Annual Meetings?

When you opened your deposit relationship with your credit union, you became an owner because your deposit represents a share of ownership (much like a share of a corporation or stock purchase). At the annual meeting, the members elect a volunteer Board of Directors whose responsibility is to oversee the credit union and serve the membership with decisions that are based upon what will best benefit the credit union’s near- and long-term direction while ensuring it is in the best interest of the membership at large.

If you are interested in serving as a volunteer, we encourage you to review the qualifications and contact us with any questions you may have.

Getting More Involved in Your Cooperative

Knowing that you are an owner, whether you have an interest in running for the Board of Directors or not, you may want to see about becoming more involved. Unlike business that’s conducted at a bank, many newer (and often long-time) members are surprised to learn that, when they are part of a credit union, their voice is heard and their opinions really do count.

A credit union’s annual meeting provides a wonderful forum for members to obtain specific financial information about their credit union’s performance from the prior year and learn more about the strategy and efforts that will be followed for the current year.

All members are invited and encouraged to attend the annual meeting, since the information that’s shared impacts the dividends that are paid, the rates that are received, the products that solve life needs, the fees that are sometimes applicable and the reasons that those fees exist, not to mention the investments in technology, branches, ATMs and more.

With all that said, remember that the credit union exists to serve the ever-growing needs of the people who do business with the credit union. They are members and owners who experience more benefits from stronger and deeper relationships. The people who work for the credit union, while they are members first, are genuinely interested in serving other members to help improve the lives of other fellow owners. As the old credit union mantra goes, they are “people helping people.”

Annual Meeting Reservation

Register Here