Unlike other financial institutions, credit unions are member-owned. Those who serve on the Board of Directors and Supervisory Committee of Hiway are unpaid volunteers.
The Hiway Board of Directors consists of nine members who are elected to three-year terms by Hiway members and serve without financial compensation. Every member of Hiway gets to vote on who will represent them on the Board of Directors.
As your elected representatives, they represent you in making decisions and upholding policies that safeguard each member's investments. Conversely, the Board of Directors at a bank is hired by the bank's investors and their decisions are made to generate money for investors and stockholders.
The Hiway Supervisory Committee consists of five credit union members who are appointed by the Board of Directors and serve without financial compensation. They are responsible for ensuring that the Board of Directors and management team meet required financial reporting objectives and that members' funds and interests are protected. Supervisory Committee terms are for three years.
Serving as a Board or Supervisory Member is a valuable and fulfilling experience, furthering the longstanding credit union philosophy of "people helping people."
We are always looking for interested members to participate in guiding Hiway for the benefit of all our members. If you are interested in running for election to Hiway's Board of Directors, being considered as a candidate for appointment to the Supervisory Committee or have any questions or comments, please send us an email.