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Compliance
NCUA Part 701 and Credit Union Board Elections: A Compliance Checklist
By Sarah Chen·April 8, 2026
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.
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.