GOVERNANCE OPPORTUNITIES

Customer elections are held annually for members of our Board of Directors and Nominating Committee.

FAQ

Directors serve staggered terms, with elections occurring annually. Nominating Committee members are elected to a one-year term annually. Nominating Committee meetings will be held in February/March 2020 to review candidate submissions for April 2020 elections.  

In the April 2020 election, the Director positions currently held by the individuals listed below will be up for election for a three-year term.  

  • Matt Christjohn, DVM, Chairman
  • Rickey Cornutt, Director

To submit a candidate profile for consideration by the current Nominating Committee, complete the online form below or mail the filled out form to: 

Alabama Farm Credit Human Resource Director/Standard of Conduct Liaison, 

Brandi Jones P.O. Box 639 Cullman, AL 35056-0639 

Candidate profile submission deadline: February 25, 2020  

For eligibility or election process questions, contact Brandi Jones at elections@alabamafarmcredit.com.

RECOMMENDATION FORM

FREQUENT Q&A'S

What is the role of the board of directors?

The Board of Directors is responsible for the safe and sound operation of the Association, and for ensuring the Association fulfills its public mission. Directors are accountable to customer-stockholders and Farm Credit System Investors for:

  • Overseeing the strategic direction and objectives of the Association
  • Understanding the Association's operations
  • Providing for competent Association leadership and management
  • Establishing systems and processes that provide safe and sound operations
  • Ensuring the information and disclosures provided to customer-stockholders and System investors are accurate and reliable.
  • Diligently and impartially performing their duties as Directors
  • Excercising independent judgement
  • Remaining loyal to the Association's interests

Who can become an elected Director?

Director candidates must meet the following eligibility requirements:

  • Must own or jointly own voting stock of the Association
  • Must have an outstanding loan balance with the Association
  • Must maintain loan(s) in compliance with the Association's policies and standards
  • Must reside, or have headquarters, within the Association's chartered territories (Blount, Calhoun, Cherokee, Clay, Cleburne, Colbert, Cullman, Dakalb, Etowah, Fayette, Franklin, Jackson, Jefferson, Lamar, Lauderdale, Lawrence, Limestone, Madison, Marion, Marshall, Morgan, Randolph, Shelby, St. Clair, Talladega, Walker and Winston in the same state of Alabama)
  • May not have restructured indebtedness with a System institution at any time
  • May not have been an employee of a System institution within one year of election


Upon election, Directors may not: 

  • Be convicted of any felony
  • Be held liable for any damages in fraud
  • Be convicted of a criminal offense involving dishonesty or breach of trust
  • File for bankruptcy

What are the qualification requirements for a Director? 

Director candidate qualifications sought by the Nominating Commitee include a passion and commitment to serve the Association and System stakeholders and knowledge or experience in the following areas: 

  • Strategic and visionary thinking
  • Corporate governance
  • Financial expertise 
  • Communication
  • Technology
  • Risk management
  • Human capital management
  • Understanding the cooperative principles

Are Directors compensated?

Directors recieve a monthly retainer for meeting preparation plus a per diem for each day of official Association business and related travel and conference calls. 


What is the time commitment of a Director?

Directors are generally elected to a three-year term, unless the election is to fill a board vacancy. An average of 20 days is required per year to attend Board, commitee and planning meetings and events. Additional days may be required for Director training and developement courses or confrences. Related travel time for thse events varies by Director.


What is the role of the Nominating Commitee? 

The Nominating Commitee's role is to identify, evaluate and nominate a qualified slate of candidates for stockholder election to the Association's Nominating Commitee. 


Who can become an elected Nominating Commitee member?

Nominating commitee members must:

  • Be a own or jointly own voting stock of the Association
  • Have an outstanding loan balance with the Association
  • Not be a Director, employee or agent of the Association
  • Not be a candidate for the Board of Directors while serving on the Nominating Committee
  • Reside, or have headquarters, within the Association's chartered (Blount, Calhoun, Cherokee, Clay, Cleburne, Colbert, Cullman, DeKalb, Etowah, Fayette, Franklin, Jackson, Jefferson, Lamar, Lauderdale, Lawrence, Limestone, Madison, Marion, Marshall, Morgan, Randolph, Shelby, St. Clair, Talladega, Walker and Winston in the state of Alabama)

What is the time commitment of a Nominating Committee Member?

Nominating committee members are elected to a one-year term. There are generally three meetings per year: 

  • In-person meeting to review nominating committee role and expectations for the sourcing and selection of Board of Director candidates
  • In-person meeting to consider candidates for the Board of Directors and the next year's Nominating Committee

Are Nominating Committee Members compensated?

Nominating Committee members are compensated for their time and travel expenses incurred for meeting attendance.

RECOMMENDATION FORM

Together We Grow. We understand the unique aspects of agricultural and rural real estate financing, and we take a personal interest in each of our customers in an effort to meet their financing needs. As a financial cooperative, we are governed by a local Board of Directors and owned by borrowers just like you. That means we always have your best interests in mind.