Board of Director Nomination Information
Every year, the Bellco Board of Directors selects a Nominating Committee that nominates candidates for election to the Board. The members of the Board ensure that the credit union is following federal and state credit union laws and any other applicable government regulations and that the credit union adheres to the organization’s bylaws. The Board also maintains Bellco’s financial stability by following good business practices, and it sets the general direction of the credit union.
There are three seats up for nomination in 2021, and the Nominating Committee has nominated three incumbents for those seats. The incumbent Board Members who have been nominated are:
David Powers: Board Member since 1978.
Former Board Chairman. David is managing partner in a telecommunications-consulting firm. Formerly, he was the Vice President of MCI System House and Vice President of Internal Auditing for US West Communications, Inc. Mr. Powers previously served as a Board Member for the Denver Dumb Friends League.
Doug Ferraro: Board Member since 1991.
Has been President/CEO of Bellco Credit Union since 1991. He serves on the boards of Open Technology Solutions, Gateway Services Group, NISCUE Foundation, and S3 Shared Service Solutions. He has previously served on the boards of CO-OP Financial Services, Suncorp Credit Union, Mountain West Credit Union Association, Credit Union Direct Connect, Mortgage Liquidity Solutions, Members Trust Company of Colorado, and the Colorado Division of Financial Services. He formerly served on the Kansas City Federal Reserve Community Depository Institutions Advisory Council and the Thrift Institutions Advisory Council to the Board of Governors of the Federal Reserve Bank. He was the Chief Financial Officer of Vystar Credit Union, Jacksonville, FL. Mr. Ferraro is a graduate of the University of Central Florida and a Certified Public Accountant (inactive).
Laura Sonderup: Board Member since 2014.
Current Board Vice Chairwoman. Laura is the managing director at Hispanidad, a full-service advertising agency headquartered in Denver, Colorado. She is a nationally recognized multicultural marketing expert, published author, and cultural competency trainer. Ms. Sonderup’s background in the financial services industry allows her to contribute a unique set of insights pertinent to the rapidly evolving business environment.
If you are interested in being nominated for a Bellco Board of Directors position, you may do so by petition. The election 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. Please send any questions regarding the nomination process to firstname.lastname@example.org.
Your nomination by petition must include the following: (1) signatures of members in good standing that make up at least one percent (1%; 3,439 signatures as of November 30, 2020) of all Bellco members, as well as their addresses and daytime phone numbers; (2) a signed certificate from the nominee or nominees stating that they are agreeable to nomination and will serve if elected to office; and (3) a 50-word statement of qualifications and biographical data from each nominee.
Send this information to the following address via U.S. mail: Bellco Credit Union, Nominating Committee, P.O. Box 6611, Greenwood Village, CO 80155-6611. Nominations by petition must be received no later than 5 p.m. on February 8, 2021.