The Bylaws are provided for general information.
June 7, 2016
In accordance with Chapter 208-472 WAC approved by the Board of Directors February 2, 2016; approved by the Oregon Department of Consumer and Business Services June 1, 2016; and Washington Department of Financial Institutions, Division of Credit Unions June 3, 2016, updated our Bylaw’s Field of Membership Appendix to include persons who live or work in, or organizations located within, the community of four counties in Oregon of Clackamas, Marion, Multnomah, and Washington.
February 2, 2016
Revisions to Article III.2(b) and Article X.1 revises the membership qualifications allowing membership by opening a deposit or loan account with the Credit Union and updating the Par Value to $0, allowing membership for borrowers without a deposit.
Revision to Article IV.7 revises the quorum for Annual Membership Meetings where elections are held by acclaim when all open positions are uncontested, from 50 to the number of eligible-voter members registered to attend the Meeting.
Revision to Article V revises the number of Directors who may be appointed to serve on the Board of Directors Nominating Committee from three to at least three.
Revisions to Articles VI and X.3 revises language, although no business practices changed, to maintain alignment with RCW in accordance with the passage of SB 5757, which addresses changes to the Washington Credit Union Act. Revisions simplify and clarify Board Director powers and duties and clarifies that dividends may be paid from either current undivided earnings after expenses and reserves, or from the undivided earnings from preceding periods.
October 28, 2013
Revision to Article V.4 allows for election by acclaim for uncontested Board or Supervisory Committee positions at the Annual Meeting.
August 26, 2013
Although no business practices changed, Columbia’s Bylaws were amended to stay in alignment with RCW and in accordance with the passage of SB 5302, which addresses changes to the Washington Credit Union Act.
Revision to Articles IV.5 and IV.6 revises the time period applicable to holding a meeting following a request for a Special Meeting of members to 90 days and extends the time period for providing notice of such meeting to at least 30 days.
Revision to Article VI.4 changes the number of regular Board meetings that must be conducted each year to six annual Board meetings with at least one held each calendar quarter. Revision to Article VI.13 revises the number of regular meetings a Board member may be absent from before the seat is declared vacant to ¼ of the regular Board meetings in a 12-month period unless reasonably excused by the Board.
Revision to Article VI. 7 no longer prohibits compensation for Directors and Supervisory Committee Members.
Revision to XI.6 allows Committee members to be compensated for services rendered to the Credit Union in their capacity as Supervisory Committee Members.
July 20, 2009
Revision to Article IX.3 clarifies that calling a Special Meeting of the Supervisory Committee is not at the Chair’s discretion, and shall be requested at any time by the Chair of the Supervisory Committee or by request to the Chair by two or more Supervisory Committee members.
May 28, 2009
Revisions to Article III.4 clarifies that members retain membership by either being a depositor or a borrower.
Nov. 24, 2008
Revisions to Article VI.3 and IX.2 make previous and current Senior Vice Presidents and above of Columbia Credit Union or any of its subsidiaries ineligible to serve as Board Directors or Supervisory Committee members.
Request for Access Policy
The Credit Union Board believes members should have reasonable access to interact with fellow members for the purpose of communicating about non-transaction, Credit Union related issues. This Policy outlines requirements and standards for a credit union member to request access to a credit union branch common area.