Credit unions are not-for-profit financial institutions owned and operated by and for their members. Since 1953, MWRDECU has helped thousands of District employees and retirees save and borrow in a safe place at competitive rates, while providing valuable financial tools and education. 

Credit unions are governed by a volunteer board of directors. Our board consists of District employees and retirees.


What is the Board’s purpose?

Since the ultimate responsibility for the Credit Union rests with the board of directors, its purpose is to serve and promote the best interests of the Credit Union and its membership. The board's duties are to set policy and provide governance, rather than day-to-day management.


What are the responsibilities of the directors?

Directors* must always exercise independent judgment in fulfilling the obligations of the position. A director must demonstrate their fiduciary responsibilities, become familiar with the credit union's business and be able to make an independent evaluation of the management of the Credit Union. These broad responsibilities also include reviewing senior management's performance as well to support, challenge or reward management as may be deemed.

General oversight includes responsibility for:

  • Approving operating and financial plans, developing strategic plans and evaluating the performance of the Credit Union relative to those plans
  • Establishing credit and lending policies that protect the assets of the Credit Union
  • Designing and regularly evaluating performance of its senior management, the compensation of senior executives, and the design of succession plans for senior management
  • Adopting policies of Credit Union conduct, including compliance with the myriad of laws and regulations that govern operations and implementing and maintaining effective accounting, financial and operational risk controls
  • Designing the standards and processes for information dissemination that support the overall effectiveness of the board

What is expected of the directors?

  • Carry out duties in good faith
  • Attend and participate in meetings and planning sessions
  • Understand the credit union industry
  • Complete all required training and pursue other training specific to Board duties as needed
  • Maintain confidentiality
  • Act as an ambassador for the Credit Union, promoting its value within the District

What are the qualifications to serve as a director?

  • Active membership in the Credit Union
  • Bondability by the Credit Union's surety bond provider
  • A working familiarity with basic finance and accounting practices
  • Ability to fulfill the duties of the position

Would you like to volunteer?

To learn more, contact Linda Geers, President/CEO at 312-751-3111 or

If you would like to be considered as a candidate for the Board of Directors, please complete and return this Volunteer Application to the Credit Union office or to any member of the Credit Union's current Board of Directors.

Our Credit Review Committee also offers volunteer opportunities.

*Associate Board Members maintain the same responsibilities, expectations and qualifications as regular board members, though these positions are non-voting. The purpose of this position is to provide hands on training and ease the transition from associate to board member when an opening becomes available. This is especially important if the board introduces any kind of term limits – to ensure successors are readily available. Even if no term limits exist, it can benefit the board to have associates ready to step in when a long-term member leaves his/her position. If you would like to be considered as an Associate Board Member candidate, please complete and return this Volunteer Application to the Credit Union office or to any member of the Credit Union's Board of Directors.

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