-
All Oregon banks and credit unions are eligible to participate in F.I.S.T., subject to paying annual F.I.S.T dues in full each year. Every financial institution that has paid its dues in full may encourage representatives to participate in F.I.S.T.
-
In addition to Oregon financial institutions, local, state and federal law enforcement agency representatives are encouraged to participate in F.I.S.T. Law enforcement agencies are not assessed dues, and they do not have any voting or ownership rights.
-
Annual F.I.S.T. dues are set jointly each year by the Credit Union Association of Oregon and the Oregon Bankers Association, with input from F.I.S.T. members.
F.I.S.T. meets quarterly or at the call of the chair(s).
-
F.I.S.T. is co-chaired by a representative of a bank and a representative of a credit union. These representatives are appointed by the current chairs and/or boards of directors of the Credit Union Association of Oregon and the Oregon Bankers Association.
-
F.I.S.T. co-chairs serve staggered two-year terms. They are eligible to serve up to two consecutive terms.
-
F.I.S.T. co-chairs are responsible for establishing any necessary sub-committees to accomplish F.I.S.T. goals.
-
The Credit Union Association of Oregon and the Oregon Bankers Association will each appoint a staff liaison to F.I.S.T. to work with the co-chairs on their respective responsibilities.
-
F.I.S.T. members ? under the leadership of the co-chairs and the chief executive officers of the Credit Union Association of Oregon and the Oregon Bankers Association ? must approve an annual budget by December each year.
-
All F.I.S.T. financial records and accounts are maintained independent (however, with Credit Union Association of Oregon and the Oregon Bankers Association joint account ownership) of any other trade association funds.
-
Administration, record-keeping and communications (i.e. website administration) for F.I.S.T. will be provided by the Oregon Bankers Association or Credit Union Association of Oregon for a fee as determined during the annual F.I.S.T. budgeting process.
-
Financial reporting is provided quarterly and audited annually within the realm of normal accounting practices.