“Yes, that is possible, but we don't have any open (board ) positions right now,” Cheney told, noting the board has had five new directors in the last six years. Calhoun recognized that would likely mean asking one or two members of the current board to step down before May.ĭuring an interview, Cheney said it’s possible board changes could happen before May. Resnick, who is also 40-year member of the credit union, pointed to the SchoolsFirst FCU’s annual report, stating that while the CU has grown to have more than 1.1-million members and the annual report states “your community is our community,” and further talks about its support for diversity, a photo (see below) in that same annual report “doesn’t seem to fit.”Ĭalhoun said he would be open to the idea of a special election to get greater racial diversity on the SchoolsFirst board before next May. In Resnick’s posting, under the headline “Schools First…Diversity Last,” he suggests that while the demographics of Orange County, Calif., have changed, the board of directors of its largest financial institution have not. Cheney a lot of people are concerned about the board’s lack of (racial) diversity and he indicated that he was aware of the concern and said the credit union plans to do something about it between now and this time next year,” Calhoun told. Barry Resnick, a long-time member of SchoolsFirst FCU here, published an opinion piece on a local news and community website claiming the CU’s board has created an “exclusive private club” and has made it “nearly impossible for anyone to serve.” The piece further alleges the $21.6-billion CU’s board lacks any diversity, especially for a CU of its size. Fred Calhoun, a 40-year member of the credit union, spoke with SchoolsFirst CEO Bill Cheney this week about what he termed a lack of racial diversity on the credit union’s board, and Cheney told Calhoun changes will likely take place.
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