Annual Report & Meeting

Each year brings an opportunity to connect, reflect, and improve.


2023 Annual Meeting

The Credit Union's 2023 Annual Meeting will take place on Wednesday, April 26, 2023, at 4 p.m. Pacific Time, at 2300 Clayton Road, Suite 700, Concord, CA, and also via webcast. Instructions for how to join the meeting via webcast will be provided no later than April 18, 2023.


Nominees for the Board of Directors

A Special Nominating Committee of Chevron Federal Credit Union (parent company of Spectrum Credit Union) has nominated four members for the Credit Union’s Board of Directors.

Nomination by petition is also available to all members in good standing who wish to volunteer their time to serve on the Board. The Credit Union must receive petitions no later than Thursday, March 16, 2023. Please contact Alan Gin for information on the petition process.

Candidates’ names will be posted in all Credit Union branches on Tuesday, March 21, 2023. If the number of nominees equals the number of positions to be filled, the election will not be conducted by ballot, and there will be no nominations from the floor.

Nominees Whose Terms are Expiring in 2026

David Seals
I have been a member of the Credit Union since 1983 and have had the pleasure of serving as a Director on the Credit Union Board since August 2018 and as a Volunteer on the Credit Union’s Supervisory Committee for an additional 8 years. I bring over 30 years of Information Technology Controls and Compliance experience to the Board and will ensure the Credit Union maintains its financial strength, customer focus, technology controls, and operational excellence.

Glenda Valero de Silano
I have been a Credit Union Member for 13 years. As one of the newer Board members, I bring over 23 years of Human Resources experience at Chevron, including expertise in talent and leadership management and development, staffing, culture, change management, HR policies, compensation, and benefits. I have also been closely involved with diversity and inclusion work at Chevron for many years, including the Employee Resource Groups (ERG), and I have served as the Executive Sponsor for the Hispanic and Latino Employee Network. It will be my privilege to leverage my HR experience and skills to achieve Credit Union goals and continue providing our members with high-quality services and products that meet their needs.

Rick Van De Boom
I have been a member of Chevron Federal Credit Union since 1980. I have served on the Credit Union’s Supervisory Committee since 2003 and remain an active member of that committee. It has been my privilege to serve as a Director on the Board since April 2017. As a Director, I continue to use my cybersecurity background to support the Credit Union’s online and mobile banking applications to help ensure that the most cost-effective security measures are being implemented. I bring over 38 years of Information Technology and Cybersecurity experience. I look forward to continuing to support the membership through the implementation of new technologies to enhance the Credit Union’s products and services.

Alan Wong
I have been a member of the Credit Union since 2008 and have served as a volunteer for seven years on the Asset Management Committee and, since 2021, as a Board Member. I am a CFA charterholder and earned a bachelor’s in finance from the University of Illinois and a master's in business administration from the University of Chicago. I also bring over 20 years of experience in financial markets and as a finance professional and manager at Chevron. It's been an honor representing my fellow members, and I look forward to continuing to support the Credit Union's mission to serve members and return profits through lower fees and competitive savings and loan rates.

Annual Report

Our Annual Report keeps us informed and enables us to act on our goals. The Annual Report contains a joint letter from our Board President and our CEO, Credit Union stats and highlights for the year, multiple member spotlights, a snapshot of the year's financial statements, and a report from our Supervisory Committee. 

To view the Credit Union’s 2021 Annual Report, please click here


2022 Annual Meeting

During our Annual Meeting, Executives, Board members, and Supervisory Committee members share updates and discuss important priorities for the Credit Union with employees and fellow members. Our 2022 Annual Meeting was held via webcast on Wednesday, April 27, 2022, at 4 p.m. Pacific Time.

For your convenience, a recording of the Credit Union’s 2022 Annual Meeting is available for viewing below. It is 46 minutes and 5 seconds long.

2022 Annual Meeting Q&A


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