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Annual Membership Meeting

The 89th Annual Meeting of the Membership of Affinity Federal Credit Union will be held on Thursday, May 23, 2024.

Join us on Thursday, May 23, 2024

Dear Affinity Member,

The 89th Annual Meeting of the Membership of Affinity Federal Credit Union will be held on Thursday, May 23, 2024 at 5:00 pm at 73 Mountainview Boulevard, Basking Ridge, NJ. During the business meeting, the election of Directors will take place and results will be announced.

The election of Directors will be conducted by mail ballot, unless there is only one nominee for each position to be filled. In accordance with the Credit Union bylaws, when the number of nominees equals the number of vacancies, nominees are considered elected by general acclamation. If a mail ballot election is required, ballots will be mailed to eligible members by March 10, 2024. To be eligible to vote, members must have a minimum of $5 in a membership eligibility account, be at least 16 years of age and be a member in good standing as of March 31, 2024.

Nominations will not be accepted from the floor at the Annual Meeting. Nominations for election may be made only by the Nominating Committee or by petition. Petitions for nomination must be signed by one percent of the Membership and accompanied by a signed certificate from the petitioner stating that he or she is agreeable to being nominated and will serve if elected. Each petitioner must also submit a statement of qualifications and biographical data with his or her petition. Completed petitions must be received by the Credit Union’s office at 73 Mountainview Boulevard, P.O. Box 621, Basking Ridge, NJ 07920, by midnight April 10, 2024.

To be considered for a position on the Board, candidates must possess a strong willingness to serve, plus significant financial, managerial and leadership expertise. Each person must be willing to dedicate much of his or her time and energy to this volunteer position. For petition forms and additional information, contact the Office of the CEO, Affinity Federal Credit Union.

Credit Union members John McGovern, Rich Meene and Kumud Goyal served on the 2023-2024 Nominating Committee; I served as the Committee Chair. The Nominating Committee’s primary responsibility is to recommend candidates deemed most qualified to carry out the Credit Union mission. Nominees have been selected from those members who applied in response to the “Call for Volunteers” that went out to all Affinity Members late last year. Nominee selections were based upon demonstrated leadership qualities and their commitment to the goals of the Credit Union. There are three positions to be filled, and the Nominating Committee has nominated three candidates, whose names and brief biographies appear on the next pages.


Michael Rec

Michael Rec
Chair, Nominating Committtee

Affinity Federal Credit Union Board of Directors

The Nominating Committee has nominated the following individuals to serve on the Board of Directors.

Doug McCrea, Director

Doug McCrea is the Senior Vice President and Head of IT at Coventry, a firm specializing in financial services and insurance. His career prior to Coventry includes roles as Chief Information Officer at Rider University, founder and manager of a Technology/Cybersecurity Consulting Firm serving the financial sector, and Senior Director of IT at Rutgers University—New Brunswick, where he held a 20-year tenure. McCrea's expertise spans several industries, including Finance, Healthcare, Insurance, Legal, Aviation, Non-Profits, Education, and Emerging Technologies. Additionally, he has been an active member of Affinity Federal Credit Union for over two decades. He has served on the Supervisory Committee for three years and is currently the Chairperson.

Luisa Franco, Director

Luisa Franco is a distinguished leader with over two decades of expertise in banking, compliance, and risk management. With a robust background in credit unions and community banks, Luisa has held senior roles such as BSA Officer, Chief Compliance Officer, and Chief Risk Officer, further solidifying her reputation as a trusted authority in the industry. As the esteemed founder of LFP Risk Solutions, established in 2017, Luisa has exemplified a steadfast commitment to excellence and innovation in her field.

Beyond her professional achievements, Luisa is a devoted mother of three, finding joy in nurturing her family and witnessing their growth and success. Alongside her husband, she runs an elite youth soccer club, dedicating her time to fostering the development of young athletes and nurturing a sense of teamwork and community spirit.

Michael Rec, Vice Chairman (Incumbent)

Michael Rec currently leads Custom Software Applications Development, Delivery and Professional Services business for Nokia’s Cloud & Network Services business. In this role, he is responsible for driving new global custom applications growth and maximizing the efficiency, utilization, competitiveness and overall profitability of this business. Michael has an MBA from Columbia University, Master of Engineering degree in Electrical Engineering from Cornell University, and a Bachelor of Science degree in Electrical Engineering from Northeastern University.

Michael has been a member of Affinity for over 25 years and has been on the Affinity Board since 2012. Michael is a former Chairman of the Board and currently serves as Vice Chairman.