Become a Volunteer Official

Volunteering to serve on the Board of Directors can be a rewarding experience. Volunteers will gain valuable knowledge of the credit union and represent fellow credit union members.

Meet-up groups

Interested In Serving?

Join our leadership and help make a greater community.

AMOCO differs from other financial institutions in that the members of the credit union are also the owners. The member/owners govern the credit union via a volunteer Board of Directors, elected by and from the credit union’s membership. In addition, the Board of Directors appoints fellow members of the credit union to serve on the Supervisory and Governance Committees. Combined, these volunteers ensure that the members’ assets are safeguarded, and that management adheres to laws, regulations, policies, and procedures.

General Qualifications for Volunteer Officials:

All Volunteer Officials must be an AMOCO member in good standing. They should not have been convicted of any criminal offense involving dishonesty. Volunteer Officials must be unselfish, willing to act for the benefit of the members, and sincerely interested in helping members resolve their financial problems as permissible through services offered by the credit union.

FAQ

Frequently Asked Questions

Browse Our Frequently Asked Questions Below.

The Board of Directors consists of volunteer members of AMOCO. Each director is elected for a three-year term, and terms are staggered. The credit union is managed by a professional staff of credit union personnel, including a President/CEO, who reports directly to the board.

Yes, committees include the executive committee (comprised of the chair, vice chair, secretary, and treasurer), the personnel committee (comprised of the past chair, the current chair and the incoming chair

AMOCO Federal Credit Union is a not-for-profit cooperative financial institution organized under the Federal Credit Union Act and is an organization described by, and exempt from taxation under, Sections 501(c)(1) and 501(a) of the Internal Revenue Code, respectfully. The annual income of the credit union was $9.5 million, with total assets of $1.3 billion as of December 31, 2022. The credit union’s financial statements are audited by its federal regulator, the National Credit Union Association (NCUA) as well as a public accounting firm on an annual basis.

Meetings of the Board of Directors are held monthly at the Training & Corporate Office located in Texas City, TX.

Yes.

Yes, there are three additional required meetings that directors are required to attend, including Legal/Regulatory/Compliance Review, Volunteer Training, and Strategic Planning.