Doug Burroughs is leaving the Michigan CU Foundation after 10 years of service. The board is now taking nominations for his replacement.
Burroughs, a CUNA Mutual Group sales executive, is stepping down from the MCUF board due to his relocation to Florida. Under Burroughs’ leadership, the MCUF increased its scope and impact of support activities to assist Michigan credit unions and has also increased its funding base.
“The Michigan Credit Union Foundation would like to thank Doug Burroughs for his years of service and leadership,” MCUF Executive Director Beth Troost said.
During the last few years, foundation trustees have provided guidance for operational changes to increase foundation support for activities to assist more credit unions of all sizes and more Michigan communities through credit unions. These activities include funding for financial education and financial counseling programs and community reinvestment initiatives that help underserved residents build financial security through credit unions. This year, MCUF has also increased its support of scholarships to CUNA Management School and will provide 15 scholarships to help ensure highly capable future leaders for Michigan credit unions. With a goal of widespread support, the MCUF programs aim to assist credit unions of all sizes in Michigan grow and thrive.
MCUF is seeking self nominations for trustees to guide and represent the nonprofit foundation in pursuit of its mission of supporting the Michigan credit union community. At its June 2014 meeting, the members of the MCUF will hold an election for three MCUF trustee positions. There are seven MCUF Trustees, six with two-year staggered terms with three chosen each year. The seventh position is held by Renee Werth, MCUL & Affiliates vice president of education and events.
To be considered, a nominee must be a member of a MCUL member credit union. The MCUF seeks a board composition that represents the scope of Michigan credit unions both geographically and across asset sizes. Desired characteristics of MCUF trustees include knowledge and involvement in activities that align with MCUF focus areas, participation in the credit union system and participation in MCUF fundraising. Eligible individuals may nominate themselves by completing and returning the self-nomination form 2014 Trustees Self-Nomination Form. The self-nomination form must be received at the MCUL by May 6. For additional information about the activities and trustees of the MCUF, visit www.MCUF.mcul.org or contact Troost at Beth.Troost@mcul.org or by phone at (800) 262-6285, ext. 453.