Volunteer Positions to Oversee KeyPoint Credit Union
Positions Overview
KeyPoint History and Benefits of Membership
KeyPoint was founded in 1979 originally as AEA (American Electronics Association) credit union, primarily focused on serving the technology sector and has grown to serve the community of the greater Silicon Valley. KeyPoint is a full-serve financial institution that serves over 55,000 members and is over $1.5 billion in assets on the balance sheet and $2.6 billion of assets under management.
KeyPoint is a state-chartered credit union with regulatory oversight by both the NCUA and the DFPI. Since KeyPoint is a not-for-profit financial institution, our profits are returned to our Members in the form of lower fees and generally better rates than you find at a big-box bank. KeyPoint is focused first on our Members and their financial well-being.
There are about 5,000 credit unions in the world and KeyPoint ranks number 273 by asset size.
There are over 130 million Members of credit unions across the world.
Vision: Members thrive financially through all stages of life.
Mission: Enabling Members’ financial well-being through advantageous solutions and education
Products and Services
KeyPoint is a full-service financial institution that offers everything you can find at a large bank, including:
- Highly-rated mobile app with full service remote capabilities
- Checking
- Savings
- Auto Loans
- Mortgages
- Home Equity Loans
- Youth Accounts
- Business Banking
- Investment Services
- Cannabis Banking
Because KeyPoint is focused on our Members financial well-being, we even offer many financial wellness webinars including: First Time Home Buyers Webinar and How to Set up a Trust.
Community Outreach
Being an active part of the Community is important to KeyPoint. We are active in the local Chambers of Commerce, financial wellness seminars for youth, support of San Jose State’s Banking and Investment Club, serving at Second Harvest Food Bank, and many other activities such as supporting Art and Wine Festivals, etc.
Help Make a Difference in Your Community!
KeyPoint is a not-for-profit financial institution inspired by Silicon Valley innovation and built to serve a diverse membership. Credit Unions are unique in that they are not-for-profit, member-owned cooperatives that are led by a volunteer board of directors, elected by the credit union’s membership.
KeyPoint’s Board of Directors is comprised of dynamic local leaders who help set the strategic direction and monitor the financial performance of the growing organization. Board members are elected by the membership and serve 3-year terms, commencing in April each year.
There are many benefits of serving as a Board Member including professional skill-building, expanded network, and giving back to the community at large. Additional benefits include education through paid conferences and exposure to the latest strategic thinking and planning retreats. You will be provided with any needed technology tools while you serve such as a laptop or iPad. You can make a difference by serving on the Board of this dynamic credit union!
Requirements and Commitment
The ideal candidate would have a professional background with experience at an upper-management or ownership level. Experience serving on a board is beneficial. Specific knowledge about the financial institutions is welcomed but not required. In addition to professional background, ideal candidates would have strong collaboration and decision-making skills.
The time commitment is at minimum 5-10 hours per month. Board meetings are held approximately 8 times per year in the evenings and there are special sub-committee meetings that are also held as needed. Applicants go through a formal interview process with the Board Nominating Committee and, if selected, must pass a background and bondability check. A more detailed Board of Director job description is available for candidates to review upon request.
The Board of Directors is currently comprised of 9 directors, elected by the membership and Associate Directors that are appointed by the Board. The role of the Associate Board Member is to allow for development into a regular Board position when openings occur by participating in all the ways that a regular Board member participates, except without a vote. This is a perfect way to learn about the responsibilities of the volunteer position.
Learn More
Interested Members are invited to send a resume to [email protected].