Elections

As a cooperative, our stockholders are elected to serve on our board of directors and nominating committees!

Central Texas Farm Credit, ACA Board of Directors is responsible for the oversight and steering of the direction of the association. The Board establishes and maintains bylaws and policies which direct association leadership to accomplish business objectives while staying in compliance with laws and regulations. Our board is made up of five directors who are elected by our stockholders and two “Outside” directors who are appointed by the board. 

The Farm Credit Administration (FCA), the Farm Credit System’s regulator, publishes The Director’s Role: A Guide to Leading Your Institution Effectively which provides an overview of these responsibilities.

The nominating committee selects eligible holders of voting stock to run as candidates for any upcoming open director positions and the following year’s nominating committee. Each year, our stockholders elect five members and five alternate members to serve on the following year’s nominating committee.

The FCA also publishes The Role of Farm Credit System Nominating Committees which is a useful resource for understanding the role of the nominating committee.

Elections

• The election process starts around January of each year with the nominating committee’s first meeting
• Elections are held annually in conjunction with the association’s annual meeting
• Board members are elected and serve staggered three-year terms.
• Nominating committee members serve one-year terms.

Director Responsibilities and Expectations

• Meetings/Events:
  • Monthly Board Meetings
    • Most meetings last 3 -4 hours. 
  • Strategic Planning meeting
    • Every August/September we have a 3-day off-site meeting
  • Annual stockholder meetings
    • Central Texas Farm Credit
    • Farm Credit Bank of Texas
  • Optional Events
    • Customer Appreciation Dinners
    • Employee Christmas Party
• Director Development
  • Video conference training sessions
  • Off-site training sessions

Nominating Committee Responsibilities and Expectations

• Meetings
  • Twice each year or as the committee deems necessary
  • Training session
• Identify eligible and willing candidates
  • For open director positions
  • Nominating committee

If you are interested in being considered as a director or nominating committee member candidate or you would like more information about the election process, please contact Jennifer Hartman at Jennifer.hartman@centraltexasfc.com.