Annual Meeting & Elections

The Financial Resources FCU Annual Meeting and elections will be held in-person on Wednesday, April 16, 2025. The business meeting with elections begins at 4:00 pm. You must sign up to attend the Annual Meeting by visiting your local branch between January 31, 2025 – March 7, 2025, or by calling our Member Service Center at 800-933-3280, option 4. 

The Board of Directors consists of seven volunteer members. The membership elects fellow members to fill open positions as terms expire or are vacated due to resignation(s). 

This election, three seats on the Board are open. On December 17, 2024, the Chairman of the Credit Union Board appointed a Nominating Committee to select candidates for the election. All elections shall be determined by plurality vote and shall be by mail ballot except where there is only one nominee for each position to be filled. Nominations shall not be made from the floor unless sufficient nominations have not been made by the Nominating Committee, or by petition to provide for one nominee for each position to be filled, or circumstances prevent the candidacy of the one nominee for a position to be filled. Ballots mailed to the tellers of election must be received by the tellers no later than midnight five days prior to the date of the Annual Meeting. 

Any member interested in filing nominations by petition may obtain a copy of the petition form and instructions from the Secretary of the Board by calling 908-253-6446.

Petition nominations must be signed by a minimum of 1% of the membership (minimum 20 and maximum of 500 members) and must be filed with the Secretary by March 7, 2025. Compliance with the election rules and procedures is required for a valid petition.

CANDIDATES: BOARD OF DIRECTORS ELECTION

The Nominating Committee named the following members to 

fill the upcoming vacancies on the Board of Directors:

Karen Eastmond for a 3-Year Term. Karen Eastmond was appointed to the Board as an Associate Director in April 2021 and Director in August 2022. She has more than 20 years of experience in the healthcare sector focusing on ethics, compliance, privacy, and regulatory affairs. She has created and led the development of compliance programs at leading healthcare organizations both locally and nationally.

Karen holds an MBA in Healthcare Administration from the Zicklin School of Business, Baruch College, and a B. Sc. in Business Management and Finance from Brooklyn College. A resident of Jersey City, Karen enjoys hiking, biking, cooking, and traveling.

Elizabeth “Betsy” Lane for a 3-Year Term. Betsy Lane was appointed to the Board in April 2021 as an Associate Director and Director in April 2022. She is currently Chief Marketing and Communications Officer of ISPOR—The Professional Society for Health Economics and Outcomes Research (HEOR), a global healthcare nonprofit with the mission to improve healthcare decisions by advancing excellence in the field of HEOR. Previously, Betsy was Senior Vice President of Marketing and Communications for Publicis Touchpoint Solutions (then a division of Publicis Healthcare). Prior to Touchpoint, Betsy worked for several medical communications agencies. She became a credit union member early in her career when working for Johnson & Johnson.

Betsy is a member of the Healthcare Businesswomen’s Association, the American Society of Association Executives, and the Public Relations Society of America. She serves on the Advisory Committee and Marketing Committee for CASA of Mercer and Burlington Counties (the nonprofit Court Appointed Special Advocates for Children). She lives in Plumsted Township, New Jersey, with her husband and menagerie of dogs, cats, and parrots.

James Jaakobs for a 3-Year Term. Jim was named as Director in April 2022 after serving on the Supervisory Committee since 2018.

Jim retired from Johnson & Johnson in 2019 after serving in a variety of financial and compliance assignments, including Internal Audit, Health Care Compliance & Privacy, Pharmaceutical Supply Chain Operations, and Pharmaceutical Sales and Marketing and R&D. He has extensive experience in Health Care Compliance, Government Contracting and Pricing Compliance, and third-party intermediaries, including compliance with the Foreign Corrupt Practices Act. In addition, he has developed and implemented analytical tools to enhance auditing and monitoring activities.

Prior to joining Johnson & Johnson, Jim’s work experience includes a range of financial roles at Avaya/Lucent Technologies, Coach, Enzon, Honeywell, and Deloitte.

Jim received his Bachelor of Science in Accounting from Seton Hall University and an MBA in Finance from Rutgers University. He is a Certified Public Accountant in New York and New Jersey and a Certified Internal Auditor. He is also a Certified Compliance and Ethics Professional.

Jim is a long-time resident of Hillsborough, New Jersey. He resides there with his wife, Sandy, who is also retired. They have two adult children, Alyssa and Tina, a young son, Alex, and three grandchildren, Peter, Lottie, and Paul. Jim is active in both his church community and the local Boy Scout Troop.

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