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Credit Union Commission

The Credit Union Commission was created in 1971 by N.C.G.S. §143B-439. The Commission is composed of seven members who are appointed by the Governor for a term of four years. The following requirements must be met:

  • Three members must have had three years or more experience as a credit union director or in management of a state chartered credit union.
  • Four members represent the borrowing public and may be members of a credit union, but shall not be employed by or a director of any financial institution or have any interest in any financial institution other than as a result of being a depositor or borrower.
  • No two persons on the Commission can be residents of the same state senatorial district.
  • No member can serve on a board of directors or be employed by another type of financial institution.

Commission News

Credit Union Commission Spring Meeting

NC Credit Union Division

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The commission meeting will be held on Friday, April 1, 2022 at 10:00 a.m. at the NC Credit Union Division.

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Fall 2022 Commission Meeting

Time and Location TBD

The North Carolina Credit Union Division will meet to conduct formal business.

Details to be determined.

Commission Members

Member Name & Title City Type
Jammison A. Applequist
Chairman
Garner Credit Union Management Member
Amy S. Woody
Vice-Chairman
Asheville Credit Union Management Member
John A. Herrera
Member
Hillsborough Credit Union Management Member
Lafayette G. Jones
Member
Winston-Salem Public Member
Fay D. Boyd
Member
Columbia Public Member
Christopher D. Dillon
Member
Raleigh Public Member
Caleb A. Malcolm
Member
Pembroke Public Member

Commission Questions

Below are the most commonly asked questions and answers about the North Carolina Credit Union Commission. To view all of the commonly asked questions, visit our common questions page.

May I attend a Credit Union Commission Meeting?

Yes, Commission meetings are open to the public with the exception of any closed session. They are typically held twice a year in April at the Credit Union Division and October in Asheville.

What is the makeup of the Credit Union Commission?

The Credit Union Commission was created in 1971 by N.C.G.S. §143B-439. The Commission is composed of seven members who are appointed by the Governor for a term of four years. The following requirements must be met:

  • Three members must have had three years or more experience as a credit union director or in management of a state chartered credit union.
  • Four members represent the borrowing public and may be members of a credit union but shall not be employed by or a director of any financial institution or have any interest in any financial institution other than as a result of being a depositor or borrower.
  • No two persons on the Commission can be residents of the same state senatorial district.
  • No member can serve on a board of directors or be employed by another type of financial institution.

What are the Credit Union Commission's powers?

The Credit Union Commission is vested with full power and authority to review, approve, or modify any action taken by the Administrator of Credit Unions in the exercise of all powers, duties, and functions vested by law in or exercised by the Administrator of Credit Unions under the credit union laws of this State.

How do I become a commission member?

Commission members are appointed by the Governor for terms of four years. In the event of a vacancy on the Commission, the Governor shall appoint a successor to serve the remainder of the term.

Are Commissioners paid for their service?

Commissioners are only reimbursed for the expenses they incur in the performance of their duties such as mileage or hotel costs.  Commissioners may accept $15 a day for the days in which they are active on the Commission.