Annual Meeting & Convention

Annual Meeting & Convention

The 71st Annual Meeting & Convention of

The 71st Annual Meeting & Convention of the Association of Vermont Credit Unions is taking place at the Woodstock Inn & Resort May 18-20, 2018.  We cordially invite all management, staff, and volunteer leaders from our members to join us at the largest annual credit union event in the state of Vermont!  We hope to see you in the beautiful village of Woodstock in May.


Please Note: Our Woodstock Inn room block sold out on March 22.  We encourage our members and exhibitor representatives to email the Association to be put on a Woodstock Inn Waiting List as we’ll be informed of any cancellations that occur between now and the start of convention weekend.  Lodging is also available at nearby properties.  View or download the Attendee Registration and Information Kit linked below for the Inn’s Reservation Desk phone number so their staff can assist with booking nearby lodging (AVCU is not able to control availability or room rates at other properties).

Click here to view or download the Attendee Registration and Information Kit

Click here to view or download the Exhibitor / Sponsor Information Kit

Standard Attendee Registration via Eventbrite is open until April 27:

Report of the 2018 Nominating Committee

2018 Annual Meeting & Convention

Nominating Committee Report

DATE:     March 30, 2018

TO:          Member Credit Union Manager / CEOs

FROM:    AVCU Nominating Committee

Susan Poczobut, Chair

Wanda Dunham (White River CU)

Bob Lake (Green Mountain CU)

The Nominating Committee of the Association of Vermont Credit Unions has performed the task of selecting candidates to fill three director terms that will expire at the 2018 71st Annual Meeting on May 18th.  Two are the incumbent terms of Sean Gammon (Members Advantage Community CU) and Susan Poczobut. The third is a previously unexpired term that was filled for one year by Rick Hommel (Vermont State Employees CU) at the 2017 annual meeting of members. All three vacancies will be filled with persons elected for a three-year term.

On February 2, 2018, a request was sent to member credit unions for the purpose of soliciting names of possible candidates to fill the vacancies. The committee reviewed qualifications of candidates submitted, as well as others, and selected the following three candidates to place in nomination:

  • Sean Gammon
  • Rick Hommel
  • Lisa Huyer

Petition Nominations

Association bylaws allow for additional nominees to be added to the ballot by petition. Any qualified individual seeking to be added to the 2018 director elections ballot must submit his / her completed petition and qualifications to the Nominating Committee by April 13, 2018. The appropriate Petition Nomination Form is available by request to

Candidates submitted by petition must be accompanied by the authorized signatures of 5 member credit unions. Candidates meeting the petition requirement will be added to the ballot with Committee nominees.

Absentee Ballots

Under Association Bylaws, member credit unions are allowed to vote for Directors by absentee ballot in accordance with the deadlines below.  Absentee ballots are available by request to

Date         Deadlines for absentee ballot requests and submissions

April 13 – Absentee ballot request deadline

May 4 – Absentee ballot vote submission deadline

May 18 – Annual meeting elections (Absentee ballots counted by ballot clerks)

2018 Association Nominating Committee Nominees

Sean Gammon

Sean is the Chief Executive Officer of Members Advantage Community Credit Union, a $133.3 million institution (as of 12/31/17) serving more than 16,000 members throughout Chittenden, Lamoille, Orange, Washington, Windham, and Windsor counties, and select towns in New Hampshire. He has held this position since 2002 and has more than 21 years of experience in the credit union industry.  He has completed both CUNA Management School and CUNA Financial Management School, and holds a Bachelor of Science Degree in Business and Masters of Business Administration from the University of Vermont.  He has served on the Association’s Board of Directors since 2003, is a past Treasurer and Vice-chair, and has been Chair since 2011.  He has been a Director for the New England Credit Union Executives Society since 2007, has served on the Board of Directors of the Vermont Chapter of the March of Dimes, has been a Director for the South Burlington Little League since 2011, and has been an active volunteer coach for youth sports in Burlington and South Burlington since 2005.


Rick Hommel

Rick is a Senior Vice-President / Technology and Operations Officer for Vermont State Employees Credit Union (VSECU), a $752.4 million institution (as of 12/31/17) serving nearly 64,000 members throughout the state of Vermont.  Rick has been with VSECU since May of 1999, in that time also holding positions as SVP Retail Operations, VP Retail Operation, VP Information Technology, and E-Commerce Manager.  He was the Chairperson of Fiserv’s Retail Strategic Advisory Council from 2012-2016 and currently serves on the Global Alliance for Banking Values’ Digital Business and Innovation Committee. He held various volunteer roles in the Washington West Supervisory Union, including a number of coaching positions, from 1999-2014 and is a Vermont Foodbank volunteer.  In 2015, he earned the Certified Chief Executive (CCE) designation from Credit Union Executives Society and holds a Bachelor’s Degree in Management of Information Systems and Accounting from the University of Vermont.


Lisa Huyer

Lisa is an Executive Vice President / Chief Financial Officer for NorthCountry Federal Credit Union, a $579 million institution (as of 12/31/17) serving nearly 45,000 members in Addison, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans and Washington Counties.  During her 29 years of service to NorthCountry FCU, Lisa has managed several departments and currently oversees Risk Management, Accounting, Projects, Facilities, and IT. She previously served on the Association’s Audit Committee and on CUNA’s 2016 Task Force to reform the reporting structure for 5300 Call Reports.  She volunteers for various credit union-sponsored events, including holiday gift wrapping for Anew Place and the annual Making Strides Against Breast Cancer walk. For several years, she also served as a volunteer on the Finance Committee for the Greater Burlington YMCA.  She holds an Associates Degree in Accounting from Champlain College, a Bachelors Degree in Business Administration from State University of New York Oneonta, is a licensed Certified Public Accountant, and has completed the Credit Union Executives Society CEO Institutes to earn the Certified Chief Executive (CCE) designation.

Proposed Bylaw Amendment

Notice of Proposed Bylaw Change

Date:   March 30, 2018

To:       Member Credit Union CEO/Managers

From:  AVCU Board of Directors

Sean Gammon – Chair

Susan Poczobut – Vice Chair

Jeff Morse – Treasurer

Carrie Allen – Secretary

Rick Hommel

Jim St. Peter

Brett Smith

The Board of Directors of the Association of Vermont Credit Unions (AVCU) recommends amendment of AVCU’s bylaws at the 2018 Annual Meeting of members on May 18, 2018.  As required by Association bylaws, this communication is notice of the proposed amendment.

The purpose of the amendment proposed by the Association’s board of directors is three-fold:

  • Move the date used in dues calculation from September 30th to June 30th, bringing calculation in line with CUNA, whose dues AVCU collects on its behalf.
  • To enable the earlier preparation of AVCU budgets and membership invoices.
  • To delete reference to the four-year transition period added when the current dues formula was implemented in 2013. The temporary provision bridged the change from the old formula to the current one, and is no longer in effect.

Amendment of AVCU’s bylaws is governed by Section 15.1:

Section 15.1    Amendments by Delegates.  The bylaws of the Association may be amended by an affirmative vote of two-thirds of the voting delegates at any regular or special meeting of the members of the Association, providing the proposed amendment and a statement of its purpose has been given to members at least 7 days prior to the meeting.  Bylaw amendments shall become effective immediately following the close of the meeting at which they are adopted.

Voting on the amendment will be conducted at the 2018 annual meeting of members on May 18th commencing at 3:00 pm at the Woodstock Inn in Woodstock, Vermont.   Member credit unions may vote in advance by absentee ballot so long as such ballots are received by the absentee ballot voting deadline.  Due to availability of absentee ballot voting amendments will not be allowed from the floor of the annual meeting.

Section 5.9          Member Voting.  Voting at a meeting of members may be done in person, by absentee ballot, or electronically.

Voting by Absentee Ballot for AVCU’s 2018 annual meeting follows these deadlines:

  • 04/13/18 – Absentee ballot request deadline
  • 05/04/18 – Absentee ballot vote submission deadline
  • 05/18/18 – Annual meeting elections (absentee ballots counted by ballot clerks)

Proposed Bylaw Amendment:  Dues Calculation Date

Section 12.1    Fiscal Year.  The fiscal year of the Association shall be the calendar year.

Section 12.2    Dues.  The Association shall be financed by dues recommended by the board of directors and approved by member credit unions at a regular or special meeting.  The board of directors shall have the right to waive all or part of a member’s dues when such dues would impair the operation of the credit union.

Section 12.3    Dues Formula.  Dues for member credit unions shall be calculated by multiplying the square root of total assets of the credit union as of June 30 September 30 of the prior year by a factor to be determined by the board of directors annually.

Transition Period. Regardless of calculation, dues assessed to a member credit union for years 2014, 2015, 2016 and 2017 shall not vary more than 25% upward or downward from dues assessed in the immediately prior calendar year, except in the case of mergers for which the 25% upward variance limit shall no longer apply following merger for the surviving member credit unions.34

The Association shall be a member of the Credit Union National Association, Inc.[1]

Section 12.4    Time Payable.  Dues shall be due and payable on January 1 of each year and shall be considered delinquent after February 15.[2]

Section 12.5[3]   Newly Chartered Member Credit Unions.  Newly chartered member credit unions shall not be assessed dues for the balance of the calendar year; except dues for any member credit union chartered after October 31 shall be considered dues for the next calendar year.

Section 12.6    Merging Member Credit Unions.  Member credit unions having completed a merger by December 31 of any year must pay dues based on the combined June 30 September 30 assets of the merging member credit unions. Member credit unions that are in the process of a merger, but such merger has not been completed during the period from January 1 through February 15 in the year for which dues is being assessed, shall each be liable for and must pay Association dues as billed and as calculated using assets as of June 30 September 30 of the prior year.

Send questions about the proposed bylaw amendment to

[1] Reference to collecting dues for Credit Union National Association deleted on 5/14/16. Section 12.3 regarding provision of financial data by members deleted due to availability on regulator website; Section 12.4 re-numbered to 12.3 and amended to reflect new dues formula – 5/14/05

[2] Section 12.5 re-numbered to 12.4 – 5/14/05

[3] Section 12.6 re-numbered to 12.5 – 5/14/05

Take a Chance Auction Preview Gallery
Convention Golf Social Information and Registration

2018 AVCU Convention Golf Social

Woodstock Country Club, Friday 5/18/18

(Tee times start at 8:00 AM)

You are cordially invited to join other convention attendees and company representatives at Woodstock Country Club for our 2018 Golf Social. Click here for directions or course information.

You may register 1-4 golfers per group (please submit multiple registrations for more than 4 golfers) and specify a target range of preferred tee times for the group. If you do not have a tee time preference, please choose that option. Note that tee times will be assigned on a “first come, first served” basis as they are received. All tee times currently listed on the Eventbrite registration form must be filled before later times will potentially be made available by the course.

Online registration is now open at:

Final assigned tee times (and playing partners if not registering a full foursome) will be emailed on or about Tuesday, May 15ththerefore we ask that you please have each golfer’s full name, email address, and sandwich selection ready at the time of registration.  Once you click “Register” and choose an option at the Eventbrite page linked above, you will have 15 minutes to complete the process.

As a reminder, this is strictly a golf social where players show up for their assigned tee time and play … no prizes, contests, or awards are involved.  The $135 per person event fee includes:

  • Greens fees and shared riding cart;
  • a boxed lunch featuring choice of whole wheat wrap sandwich (see below), Vermont cheddar cheese, potato chips, apple, chocolate chip cookie, and bottled water; and
  • all related state / local taxes and facility service charges.

Sandwich wrap choices are:

  • Turkey breast w/ bacon, lettuce, tomato, and tarragon mayo.
  • Roast beef w/ swiss cheese, lettuce, tomato, and horseradish mayo.
  • Roasted garden vegetables w/ goat cheese, sun dried tomato, and basil mayo.

Advance registration is required, deadline is 12:00 p.m. on Friday, April 27. Because we have arranged for a specific block of tee times, we must send the course a complete player roster by that date. “Walking on” the day of the event is not an option; however you may send a substitute player in place of a previously registered golfer who is unable to attend.

Because AVCU prefers to invoice for this event offline, Eventbrite displays all registration options as “free” without the option to pay online. AVCU will invoice your credit union or company after the convention for the $135 per person fee.

Submitted registrations may be canceled or modified (by email only please) without incurring a fee before 12:00 PM on Friday, April 27. All submitted registrations that are not cancelled before 12:00 p.m. on April 27 will be invoiced for payment after the event.

2018 Annual Meeting Schedule

Friday, 5/18

8:00 – 9:00 AM … Golf social tee times (Woodstock Country Club)

2:00 – 6:30 PM … Convention Registration open (Tavern Wing Lobby)

3:00 – 4:00 PM … 71st AVCU Business Meeting (Garden Terrace)

4:00 – 6:30 PM … Exhibitor Hall Open / “Credit Union Concentration” Contest (Ballroom)

4:00 – 9:30 PM … Take-a-Chance Auction ticket sales (Garden Parlor)

6:30 – 8:15 PM … Opening Banquet & Speakers (South Garden Pavilion)

8:15 – 9:30 PM … Dessert Social / Vendor door prizes / Live drawings for “Credit Union Concentration” Winners (Ballroom)


Saturday, 5/19

7:30 AM … Breakfast service begins (Ballroom & Foyer)

7:30 AM – 10:00 PM … Take-a-Chance Auction ticket sales (Garden Parlor)

8:00 AM – 10:00 AM … Strategy Breakfast w/ Mark Sievewright (Garden Terrace … This is a limited attendance “By Invitation Only” event)

8:00 AM – 9:00 AM … Breakfast Roundtable General Session #1 w/ Tim Harrington (Ballroom)

9:15 AM – 10:15 AM … Breakfast Roundtable General Session #2 w/ Mark Lynch & CUDE Panel (Ballroom)

10:30 AM – 12:00 PM … Opening Keynote by Mark Sievewright (Ballroom)

12:00 – 1:30 PM … Networking Lunch (Rockefeller Room)

1:30 – 2:15 PM … Breakout Sessions (Ballroom A & C)

2:30 – 5:00 PM … Special Experiential Learning Event – Life Simulation: Experiencing Poverty (South Garden Pavilion)

6:00 – 7:00 PM … Social Reception (Ballroom Foyer / Outdoor Terrace)

7:00 – 10:15 PM … 71st Anniversary Action Station Banquet & Entertainment (Ballroom)


Sunday, 5/20

8:00 AM – 9:30 AM (Ballroom & Foyer)

Breakfast service

Weekend Closing Presentation by Mark Sievewright

Take-a-Chance Auction Live Drawings

Fabulous Parting Gift Live Drawing

Convention closes

Please email questions about the Annual Meeting & Convention to Conference Manager John Cote:  JohnCote(at)