CFC, NCSC Annual Meeting Packets Mailed; Ballots Due June 23

The CFC and NCSC Annual Membership Meetings are taking place June 30 in conjunction with CFC Forum in New York City. The meeting notice along with voting delegate cards, mail-in ballots and return envelopes were mailed the first week of May. Ballots are due back to CFC headquarters by June 23. Voting delegates can also cast ballots on-site at the meeting. 

CFC members received annual meeting information along with a redline of the board-recommended proposed bylaw changes and a ballot to vote for or against the amendments. NCSC electric members are voting on director candidates in three districts while telecom members have one open seat on the board. 

CFC Annual Meeting Voting

CFC packets included a summary of the bylaw changes, which are endorsed by the board and also by NRECA. One key change proposed in the bylaw amendments is the conversion of appointed positions on the CFC Board of Directors to elected seats with term limits.  

The proposed changes update the bylaw requirement that NRECA appoint two directors to the CFC board, replacing those positions with two new at-large director seats subject to term limits and elected by CFC voting members. Candidates for one of the two new at-large positions would be selected from Class B members (generation and transmission) and the other candidates from Class D (NRECA).

“Allowing CFC members to vote on all board director positions is just good governance,” CFC Board President Anthony Norton, a director of Snapping Shoals Electric Membership Corporation (EMC) in Georgia, said. “This change will enhance the range of experience and expertise of board members; ensure that all director candidates are vetted and elected by CFC voting members; and create more equitable voting class representation on the board.”

Currently, Class B members have very limited opportunity to serve on the board despite accounting for nearly 20% of CFC’s outstanding loan portfolio.

“The board strongly believes these proposed amendments are in the best interest of CFC and our members, allowing us to enhance board representation, engagement and governance,” CFC Board Vice President Mark Suggs, the executive vice president and general manager of Pitt & Greene EMC in North Carolina, said. 

NCSC Annual Meeting Voting

NCSC candidate profiles are included with the ballot in the annual meetings packets. All Class E (electric) members vote for all Class E candidates while all Class T (telecom) members vote for all Class T candidates, regardless of district. On the ballot are the following:

CLASS E 

• District 2: Steve Rhodes, CEO, Choctawhatchee Electric Cooperative (FL).
• District 4: Kristina Bahr, trustee, Inland Power & Light (WA).
• District 5: Jeremy Diller, director, Bandera Electric Cooperative (TX). 

CLASS T 

• District 4: Jimmy Todd, CEO and general manager, Rural Telephone Service Company (Nex-Tech) (KS).

More Information

If you have any questions regarding the voting or cannot locate your annual meeting packet, contact CFC Senior Vice President and Chief Corporate Affairs Officer Brad Captain, brad.captain@nrucfc.coop.