{"id":41954,"date":"2017-06-22T12:04:57","date_gmt":"2017-06-22T10:04:57","guid":{"rendered":"https:\/\/www2.polyas.de\/ct_content_page_2\/bylaws-7"},"modified":"2024-04-29T20:09:51","modified_gmt":"2024-04-29T18:09:51","slug":"bylaws-7","status":"publish","type":"page","link":"https:\/\/www.polyas.com\/credit-unions\/elections\/bylaws","title":{"rendered":"Credit Union Bylaws"},"content":{"rendered":"<div  class='flex_column av-2h0g7x4-de4ae1467e542757120a2c90fb2718d7 av_two_third  avia-builder-el-0  el_before_av_one_third  avia-builder-el-first  first flex_column_div  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1aizrzs-d5b0871ef37db9191941b14227eb4d59\">\n.avia-image-container.av-1aizrzs-d5b0871ef37db9191941b14227eb4d59 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-1aizrzs-d5b0871ef37db9191941b14227eb4d59 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-1aizrzs-d5b0871ef37db9191941b14227eb4d59 av-styling- avia-align-center  avia-builder-el-1  el_before_av_textblock  avia-builder-el-first '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image- avia-img-lazy-loading-not- avia_image ' src=\"https:\/\/www.polyas.de\/wp-content\/uploads\/2016\/07\/Mutuals-Credit-Union-Online-Voting_0.jpg\" alt='' title=''   itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-ltsofnzg-e00b2b2a0be9be2e3c09c71bd36eb6b0 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1>Credit Union Bylaws<\/h1>\n<p>Credit unions are not your traditional bank \u2013 they are financial cooperatives. They are regulated by provincial legislation in Canada and by federal and state legislation in the United States. The bylaws establish the guiding principles and legal framwork of each credit union&nbsp;or <em>caisses populaires<\/em>.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ltymfqmc-a7e66dfd12d3c3a0f73a2f3629a0358f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Purpose of Credit Union Bylaws<\/h2>\n<p>The bylaws specify the various&nbsp;aspects which affect the way in which credit unions and<em> caisses populaires<\/em>\u2019 operate.&nbsp;In particular, the bylaws set out the legal framework for the internal governance of the credit union. They regulate operational, business, personal, electoral, and legal affairs.&nbsp;<\/p>\n<p>Credit unions and <em>caisses populaires<\/em> are required by law to operate under legally valid bylaws. They are ultimately&nbsp;designed to protect the rights of their members and ensure that the credit union operates ethically.&nbsp;Members elect their board of directors, which then governs the credit union on behalf of the members.<\/p>\n<p>Your bylaws may need to be amended to enable online voting.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ltymg7xp-b78053bb5458bc6df78350d079a20a72 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Content of Bylaws <\/h2>\n<p>Bylaws vary between credit unions, especially when specific clauses are created and updated for on an individual basis. However,&nbsp;there are certain aspects that apply for each credit union.<\/p>\n<h3><strong>General credit unions bylaws:<\/strong><\/h3>\n<ul>\n<li>Definitions\n<ul>\n<li>Defining key terms relevant for the credit union.<\/li>\n<\/ul>\n<\/li>\n<li>Membership\n<ul>\n<li>This part sets out everything concerning membership. Their rights, who is eligible to apply, voting rights, how to apply for membership, termination, limitation&nbsp;of, and expulsion of members.<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"\/credit-unions\/elections\/board\">Board of directors<\/a>\n<ul>\n<li>Qualification, duties, number and term of directors. The rules about the <a href=\"\/credit-unions\/elections\/process\">preferred method of election<\/a>, meetings, vacancies, and removal from office.<\/li>\n<\/ul>\n<\/li>\n<li>Board officers and management staff\n<ul>\n<li>Duties and responsibilities of board executives, president, chairperson, vice-chairperson, secretary, treasurer and management staff, and officers.<\/li>\n<\/ul>\n<\/li>\n<li>Shares and deposits\n<ul>\n<li>The section discusses member shares, their value, shares issued to minors or held in trusts.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Bylaws further include sections about:<\/p>\n<ul>\n<li>Accounts, withdrawals, and transfers<\/li>\n<li>Borrowing and lending<\/li>\n<li>Financial management of the credit union<\/li>\n<li>Amendment of bylaws<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltzjiloq-ca07d89252e665da6549c35602240f27\">\n.av_promobox.av-ltzjiloq-ca07d89252e665da6549c35602240f27{\ncolor:#000000;\nbackground:#e8f8f8;\nborder-color:#ededed;\n}\n<\/style>\n<div  class='av_promobox av-ltzjiloq-ca07d89252e665da6549c35602240f27 avia-button-no'><div class='avia-promocontent'><p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-46677 size-thumbnail\" src=\"https:\/\/www.polyas.de\/wp-content\/uploads\/2024\/03\/Bildschirmfoto-2024-03-20-um-09.15.04-80x80.png\" alt=\"\" width=\"80\" height=\"80\" srcset=\"https:\/\/www.polyas.com\/wp-content\/uploads\/2024\/03\/Bildschirmfoto-2024-03-20-um-09.15.04-80x80.png 80w, https:\/\/www.polyas.com\/wp-content\/uploads\/2024\/03\/Bildschirmfoto-2024-03-20-um-09.15.04-36x36.png 36w\" sizes=\"auto, (max-width: 80px) 100vw, 80px\" \/><br \/>\n<strong><\/p>\n<p><strong>POLYAS tip: <\/strong>Would you like to include online voting in your bylaws? <a href=\"\/about-polyas\/contact\">Contact our online election experts to support you in amending your bylaws!<\/a><\/p>\n<p><\/strong><\/p>\n<\/div><\/div><br \/>\n       <section  class='av_textblock_section av-wz0wl4-34aab32a2d0f1ae4906b93362ed1f18e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Election Specific Regulations <\/h2>\n<p>Each credit union and <em>caisse&nbsp;populaire<\/em>&nbsp;establish regulations about the elections and voting process. Bylaws clearly state the requirements of who is eligible to vote, who is eligible to stand for election and&nbsp;the preferred voting procedure. These can include <a href=\"\/ballot-box-election\">ballot box voting<\/a>, <a href=\"\/live-voting\">live voting<\/a>,&nbsp;<a href=\"\/postal-voting\">postal vote<\/a>, <a href=\"\/election-material\/voting-machines\">electronic voting<\/a>, <a href=\"\/cast-vote-online\">online voting<\/a> or <a href=\"\/election-glossary\/proxy-vote\">proxy voting<\/a>.<\/p>\n<h3><strong>Who is eligible to vote?<\/strong><\/h3>\n<p>In general, all members who own shares in a credit union have a vote in elections. Credit unions can also limit voting rights to certain members. Members might, for example, have to have a required number of shares. &nbsp;<\/p>\n<p>Some credit unions specify regulations like the member must be in good standing in order to be allowed a vote. The bylaws also state if minors at age 16 are allowed to vote or if they need to be 18 years and over.<\/p>\n<p>For elections only in one district or region, the members must have their membership registered in that voting district.&nbsp;<\/p>\n<p><a href=\"\/credit-unions\/elections\/board\">Read more about board elections in credit unions<\/a><\/p>\n<\/div><\/section><\/p><\/div> <div  class='flex_column av-1nz9rg8-75c54a224fb808df4d271da46d3d88ea av_one_third  avia-builder-el-6  el_after_av_two_third  avia-builder-el-last  flex_column_div  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lu9i2vcx-f98b442447e01de64a594721f37db094\">\n#top .hr.hr-invisible.av-lu9i2vcx-f98b442447e01de64a594721f37db094{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-lu9i2vcx-f98b442447e01de64a594721f37db094 hr-invisible  avia-builder-el-7  el_before_av_textblock  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-ltym5gx4-4b5d2bf9f8cb84828b4c30d830082a87 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock cnt2_sidemenu1'  itemprop=\"text\" ><h3><strong>Topics<\/strong><\/h3>\n<ul>\n<li><a href=\"\/credit-unions\/elections\">Credit Unions Elections<\/a><\/li>\n<li><a href=\"\/credit-unions\/elections\/online\">Credit Union Online Elections<\/a><\/li>\n<li><a href=\"\/credit-unions\/elections\/process\">Election Process in Credit Unions<\/a><\/li>\n<li><a href=\"\/credit-unions\/elections\/board\">Credit Union Board of Directors<\/a><\/li>\n<li><a href=\"\/credit-unions\/elections\/board\/faq\">FAQ: Board of Directors Elections in Credit Unions<\/a><\/li>\n<li><a href=\"\/credit-unions\/elections\/board\/checklist\">Checklist: Board Elections in Credit Unions<\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<div  class='hr av-13shxaw-70ecde758ef09bd32c279342ccec690e hr-default  avia-builder-el-9  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lu9idg7z-bf603fd1ba39051b13a329fc88d83331 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock cnt2_sidemenu2'  itemprop=\"text\" ><h3><strong>Further information<\/strong><\/h3>\n<ul>\n<li><a href=\"\/election-administration\">Election Administration<\/a><\/li>\n<li><a href=\"\/increase-voter-turnout\">How to Increase Voter Turnout in your Election<\/a><\/li>\n<li><a href=\"\/features\">Features of Online Voting<\/a><\/li>\n<li><a href=\"\/legal-framework\">Legal Framework for Elections<\/a><\/li>\n<li><a href=\"\/election-glossary\">POLYAS Election Glossary<\/a><\/li>\n<\/ul>\n<\/div><\/section><\/p>\n<p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":75,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","footnotes":""},"categories":[9568],"tags":[],"class_list":["post-41954","page","type-page","status-publish","hentry","category-allgemein-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v25.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit Union Bylaws<\/title>\n<meta name=\"description\" content=\"Credit unions have to set bylaws which regulate the operation of the credit unions. 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