Annual Meeting

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

2018 Annual Meeting Program
2018 Annual Report
65th Annual Meeting Slideshow

Notice to Members:  65th Annual Meeting

Thursday, April 26, 2017 
Lomita Branch
24520 Narbonne Ave, Lomita CA 90717

Parking map

Reservations are required.
Please RSVP by completing the Annual Meeting Reservation Form below.
Heavy appetizers and light refreshments will be served.

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:

  • Viki Copeland, Lenny Vallone, & Susan Darcy, Board of Directors
  • Brian Egan, Supervisory Committee

Biography of  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 Manage¬ment 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.

Biography of Lenny Vallone – 3 Year Term
As a lifelong resident of the South Bay, Lenny loves what the credit union does for the community. He would like to see the SBCU attract new, younger members, by offering products that will not only help enhance the current status of the members by saving them money, but at the same time increasing the profitability of the credit union and help to grow the community. Lenny believes educating the South Bay on the benefits of a credit union and the credit union difference is critical to our success.

Lenny’s expertise is in marketing and advertising where he owns a creative marketing agency and content production company. Lenny became a member of the South Bay CU in 2012 and prior to that was a member at another CU for over 15 years. Lenny is also the credit union’s first “under 30” Director.

Biography of 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 has volunteered for the Education Foundation, PTO, Project Forward (joint committee with City Council) and the Beach Cities Health District’s Errand Running program. Susan has a long career in relationship lending with Wells Fargo Bank (and previously First Interstate Bank) and Chase Manhattan Bank. As an experienced, professional lender, Susan brings added perspective to the lending culture.

As a busy mother of two, Susan realizes just how important it is to have a financial partner, especially one that recognizes the importance of convenience services and a good value. Susan has served as a credit union volunteer, first as an Associate, now as Secretary of the Board, since 2011.

Biography of Brian Egan – 3 Year Term
Brian Egan is a husband, father of two daughters, and the owner of his own tax accounting practice in Redondo Beach, Brian J. Egan CPA.  Brian has practiced in the accounting profession since 1979, upon graduation from California Polytechnic State University, San Luis Obispo.

An active volunteer since 2004, Brian was appointed in December 2016,  and has been serving as Secretary to the Supervisory Committee.  Prior, Brian volunteered his service on the Asset Liability Management committee.  Brian has been a fully participating member of South Bay Credit Union since 1981.

 


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 benefit 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.”

2017 Annual Report Booklet
2016 Annual Report


Event Registration