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Board of Directors

Alpena Alcona Area Credit Union is managed and governed by people who live in our service area – you, our member-owners! Credit union’s are not-for-profit, member-owned financial cooperatives. They exist because of one common, cooperative desire of its member-owners…to help themselves by helping others. And, because of that, you elect our volunteer Board of Directors who ensure the needs of the credit union and its member-owners are being met.

At AAACU, seven member-owners serve on the Board of Directors, each elected for a three-year term. Our board meets monthly to review credit union operations, establish policy and set direction with one mission in mind, “To be your most trusted and valued financial partner.

Meet our volunteer, BOARD OF DIRECTORS – appointed by our member-owners, elected by our member-owners to service our member-owners.

Charlie Negro Chairman of the Board Board Member since 1986

Charlie Negro
Chairman of the Board
Board Member since 1986

Alan Shillair Vice-Chairman of the Board Board Member since 2012

Alan Shillair
Vice-Chairman of the Board
Board Member since 2012

Terry Nelkie Treasurer of the Board Board Member since 2000

Terry Nelkie
Treasurer of the Board
Board Member since 2000

Sheila Panknin Board Member since 1995

Sheila Panknin
Secretary of the Board
Board Member since 1995

Brian Shumaker Board Member since 2014

Brian Shumaker
Board Member since 2014

 

 

Three volunteers also serve on the Supervisory Committee, each appointed annually by our member-elected Board of Directors. Our Supervisory Committee is the audit committee, ensuring the credit union’s financial records are in order and internal controls are in place to protect the assets of the credit union and our member-owners. 

Two volunteers and Three employees serve as members of our Credit Committee, each appointed annually by our member-elected Board of Directors. Our Credit Committee oversees the credit union’s lending program, ensuring a safe, sound, fair and responsive credit system for you, our member-owners.
 
Our board and committee members serve on a voluntary basis. They support AAACU’s ideas, goals, and aspirations and believe wholeheartedly in the “not-for-profit, not for charity, but for service” philosophy for which credit union's are based. They are truly “people helping people” and committed to upholding the credit union’s principles and acting in the best interests of Alpena Alcona Area Credit Union members. After all, they are member-owners too!
 
How do you become a volunteer? Simply call (800) 443-3577 or (989) 356-3577 and ask for the President/CEO, Donald Mills or complete our volunteer application form and return it to the credit union. 
 
For those wishing to become a member of our Board of Directors, you will need to file a nomination petition when asked to do so (between October and November each year). A Nominating Committee is appointed each year by our board to review the list of nominees. The Nominating Committee then selects the individual(s) who possess the skills and experience necessary for the position.