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MIT credit union seeks board candidates

The MIT Federal Credit Union (MITFCU) is looking for members who would like to run for election to its board of directors.

An election will be held early in 2005 to fill three open positions on the nine-member board. Directors serve three-year terms.

The credit union is a member-owned, nonprofit financial cooperative dedicated to improving members' lives. Credit unions are the only democratically controlled financial institutions in the United States. Credit union members elect a volunteer board of directors to oversee the work and make decisions with the members' best interest at heart. Unlike banks, credit unions have no stockholders; their directors are not paid. Members of the MITFCU are also the owners of the credit union.

Any credit union member who is interested in serving on the MITFCU board of directors, should contact John Matarese at by Dec. 23, 2004.

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