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Compliance

NCUA Part 701 and Credit Union Board Elections: A Compliance Checklist

By Sarah Chen·April 8, 2026
1 min read
NCUA Part 701 governs board elections for federally chartered credit unions.

Annual Election Requirements

Federal credit unions must hold annual elections for board directors. The election must be conducted by secret ballot, and results must be certified and reported to NCUA.

Nomination Process

Members must have the opportunity to nominate candidates from the floor at the annual meeting. Your election procedures must accommodate floor nominations even if you're running an online election.

Examiner Documentation

NCUA examiners review election procedures as part of routine examinations. You need to be able to produce: voter eligibility records, ballot configuration, tally methodology, and certified results.

Votem's NCUA-Ready Documentation

Every Votem election produces an examiner-ready audit file that satisfies NCUA documentation requirements.
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