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Emeritus status

  • 1.  Emeritus status

    Posted 22 days ago
    I have read a few community threads that referred to an Emeritus board member.  I would appreciate getting some replies from boards who have adopted that designation and how you implement it.
    I.e., what are the opportunities and responsibilities of board members that have moved on from their regular board status to that of an emeritus board member.
    thank you

    Paul Sippl
    Fox Communities CU
    Appleton WI

  • 2.  RE: Emeritus status

    Posted 21 days ago
    Hi Paul,

    I would like to respond with lessons learned from my time of service on the Board of a Trade Organization as well as what I have learned here at PAHO/WHO Federal Credit Union.

    For my trade organization, the Institute of Management Accountants, we currently allow all former Chairs of the organization (which rotates annually) to stay on the Board of Directors in an Emeritus Capacity. If they choose to stay involved (about 75% do) then they are asked to serve on a Board level committee and attend meetings. They do not have a vote in meetings, but they do act as trusted advisors and have the ability to comment and stay for closed sessions. This model is currently under review as we now have a mass of Emeritus Committee members who are half the size of the Board as a whole. The biggest lesson learned here is that we should have placed a cap on years of service following their time as chair or limited the number who could attend meetings or serve on any one committee to allow new voices to be heard. It's okay to have trusted advisors, but it is less okay to have speakers taking up time to sway the opinion of newer participants on every issue.

    For PAHO/WHO Federal Credit Union, we do have one Emeritus Board Member who attends meetings. The expectations are that he has the privilege to advise and attend meetings or committee meetings as he chooses. I would say overall it is pretty effective, but I would encourage some sort of cap to years serving in an emeritus role. I find there is a tendency for organizations to move drastically over time and the presence of emeritus members can create a feel of holding onto the past if they choose.

    One other important note: I would check on your state law as there are some localities (such as California) which deem a non-voting member in a chamber the substantial equivalent as a voting member which carries with it the fiduciary responsibilities of the organization and the liability as a Board Member. In states with these rules, the presence of emeritus members is essentially increasing the size of the board. Further, there can be insurance consequences should your policy not cover this individual for D&O insurance yet legally they are seen as being a Director.

    I hope this is the kind of information you were requesting, and please let me know if you have any further questions.

    Derek Fuzzell CPA, CMA, CSCA
    Chief Financial Officer
    Washington DC

  • 3.  RE: Emeritus status

    Posted 21 days ago
      |   view attached

    Here is the policy for Board Emeritus at Unitus Community Credit Union in Portland, OR

    Frank Chinn, Director
    Unitus CCU
    Portland, OR


  • 4.  RE: Emeritus status

    Posted 21 days ago
      |   view attached
    Attached is our Director Emeritus Program.

    Catherine Krebs
    Executive Assistant to CEO
    Greater Iowa CU
    Ames IA


  • 5.  RE: Emeritus status

    Posted 21 days ago
    thank you.
    Your organization is similar to others I has received a reply, but you also have a max term of 5 years.  A few failed to put the max in and wish they would have. 
    Additional feedback if you are interested.
    Yours is also the first to have a max number of emeritus, which I think is prudent.
    I was surprised by the requirement to attend 75% of the meetings though.  For someone that does not vote I thought was a pretty stiff requirement.
    Thanks again for providing the policy.
    take care

  • 6.  RE: Emeritus status

    Posted 20 days ago
    Advantis Credit Union has had emeritus Board members for quite some time (over a decade, maybe over two).  We primarily use it for people leaving our Board who still have some desire to contribute and who have specific expertise or knowledge that is useful.  For example, we are in the middle of a strategic project one retiring Board member is an integral part of.  We kept him on as an emeritus member both to honor him and so that he could continue to fully contribute to the project.

    Jake Jensen
    Board Chair
    Advantis Credit Union
    Portland, OR

    Sent from my iPad

  • 7.  RE: Emeritus status

    Posted 19 days ago
    Good morning Paul,

        We have 2 Emeritus positions, they are 3 year appointments, and both were previous Chairs.  The intention was for only a 3 year commitment but the board re-appointed for another term.  We do not term limits nor age caps for our volunteers. First our Emeritus positions have all the same benefits as full director (as do our Associate Directors which we have 2 as well).  So they get an annual conference with spousal travel.  I would recommend there be terms, and if term is extended past the initial 3 years that the "benefits" be excluded for the second term as our two Emeritus Directors max their budgets.  They should not be honorary, lifetime appointments. I would recommend that they be specifically be paired with either the Chair or better yet the Associate Directors as mentors as part of the role.  ​

    Don Cates
    3Rivers FCU
    Fort Wayne IN

  • 8.  RE: Emeritus status

    Posted 19 days ago
    At Hudson Valley Credit Union, we have had a Director Emeritus policy for several years with updates as needed, which are not frequent. We currently have two volunteers who hold Director Emeritus status. Our Director Emeritus Policy includes the following requirements to be recognized as Director Emeritus:
    1. Eligibility is at least 10 years of cumulative Board service
    2. Nominated by a sitting Director
    3. Confirmed by 2/3 majority secret ballot vote of the Board
    4. Term is 3 years and eligible for reappointment in three year terms by action of the Board following #3 above
    5. Can be removed at any time, with or without cause, by 2/3 majority secret ballot vote of the Board
    6. Must sign the HVCU Volunteer Confidentiality Agreement and uphold the standards of behavior expected of a volunteer
    7. May attend Board Regular session meetings. Chair may invite Director Emeritus to an Executive session. Board meeting materials to be provided for use while in attendance. May participate in discussion but has no voting privilege.
    8. Adherence to policy is verified by the Board Executive Assistant and reported to Board annually including attendance record at Board meetings. Internal Audit verifies adherence to this policy in accordance with their audit plan.
    If anyone has further questions, I'm happy to connect you with our Board Chairman. Thanks!


    Lisa Morris
    AVP, PR & Corporate Communications
    Hudson Valley Credit Union
    Poughkeepsie NY
    845.463.3011 option 1, extension 3415

  • 9.  RE: Emeritus status

    Posted 18 days ago
    At USAlliance Finamcial, we have had a Director Emeritus Program for about 20 years. The appointment of a Director Emeritus is voted by the Board, for a Director who is retiring, after many years of faithful service. The Director Emeritus title, is a lifetime HONORARY title, that the person may use for the rest of his/her life, and is listed with all the other Board Officers on the Annual Report, Newsletters, etc. The title comes with NO Board privileges., However, every year, at the Annual Reorganization Executive Session after the Annual Meeting, where it is believed that any Director Emeritus is still active and effective, the Board appoints them as an Associate Director, for a one year period, with all the rights/responsibilities of a Director, except the right to vote. Every year, during the Reorganization Executive Session, ALL Associate Directors (including Directors' Emeritus) get voted on for another one year term. This way, as long as the Director Emeritus stays active/effective, he/she will remain an active BOARD MEMBER. If the Director Emeritus remains active/effective, they get reappointed for as many terms as they continue to do so. Over the years, our experience has been that, for every Director Emeritus, who we have appointed as an Associate Director, he/she has effectively determined for themself that it is time to fully "retire", and have requested that they not be be reappointed as an Associate Director.

    George Barto
    USALLIANCE Financial
    Bristol CT