REPORT OF THE NOMINATING COMMITTEE In compliance with Teachers Federal Credit Union bylaws, the Nominating Committee submitted its report to the Secretary of the Board of Directors on Wednesday, October 25, 2023. NOTICE TO MEMBERS Teachers Federal Credit Union’s bylaws also provide for nominations to be made by petition, signed by at least 500 members. Petition forms are available at the Teachers Headquarters building in Hauppauge on the 6th floor, and can be picked up in person, Monday through Friday, 9:00 AM to 4:30 PM. Nominations by petition must be filed with the credit union's secretary in the same location no later than 4:30 PM on Wednesday, February 7, 2024. Each nominee by petition must submit with the petition a similar statement of qualifications and biographical data, not to exceed 382 words, as was submitted for the nominees nominated by the Nominating Committee. Nominations by petition must also be accompanied by a signed certificate from the nominee or nominees stating that they are agreeable to the nomination and will serve if elected to office. This volunteer position to the Board is an unpaid office with significant responsibilities, and has a term of three years. The full slate of all candidates running for a seat on the Board of Directors will be posted in all Teachers offices by Tuesday, March 12, 2024. Elections will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position to be filled. The results of the election will be announced during Teachers Federal Credit Union's Annual Meeting which will be held on Tuesday, April 16, 2024. This meeting is open to all Teachers members and all are welcome. Mark O. Israel Mark O. Israel, CPA, MBA, was appointed to the Board of Directors in October, 2023 to fill the remaining term of Board Member Ronald Mincio who passed away in July, of 2023. Before joining the Teachers Federal Credit Union Board in 2023, Mark O. Israel first served on the Teachers Supervisory Committee beginning in 2016, holding the position of Chair of the Supervisory Committee since 2021. Mr. Israel retired from Brookhaven Science Associates, LLC / Brookhaven National Laboratory in 2015, after 41 years in various financial management positions, culminating as part of the Senior Leadership Team in the role of Chief Audit Executive/Director of Internal Audit. His previous positions include Chief Financial Officer and Associate Laboratory Director for Finance, Director of Internal Audit and Independent Oversight, Fiscal Officer, and Supervisory Internal Auditor. Ancillary responsibilities included Chair of the Brookhaven Science Associates Retirement Committee which oversees the Laboratory’s 401(a) Defined Contribution Retirement Plan and the 401(k) Plan. Previous to Brookhaven Science Associates, Mr. Israel also worked for American Airlines, Inc. and Arthur Andersen & Co. Now retired, Mr. Israel conducted a CPA practice for 45 years, focusing on small business and personal tax planning and tax return preparation. He holds both a Bachelor of Business Administration in Finance and Accounting, and an MBA, from Adelphi University. NOW ACCEPTING 2024 SCHOLARSHIP APPLICATIONS For more than 30 years, Teachers Federal Credit Union has awarded annual scholarships to high school students embarking on their journey of continuous learning. In support of our commitment to making the pursuit of higher education more attainable, we are delighted to announce the availability of fifteen $2,500 scholarships. Learn more about the 2024 scholarship program and apply today! Learn More
