The Supervisory Committee is responsible for ensuring that the credit union’s financial records are in order and that internal controls are in place to safeguard assets of the credit union and its members. The Committee does this by engaging an independent accounting firm to conduct an external audit of the credit union each year.
To supplement work done by the credit union’s external auditors, The Supervisory Committee performs certain internal audit functions to determine that the credit union is soundly managed and members’ assets are properly safeguarded. Some of these audit functions include periodic unannounced cash counts, internal control reviews, confirmations of new loans, review of wire transfers, assessing compliance with the Bank Secrecy Act, and periodic reviews related to the adequacy of the loan loss reserve.
The Supervisory Committee also serves the interests of credit union members by responding to members’ inquiries regarding the credit union’s handling of their accounts. Contact them here.
The Supervisory Committee:
- Jeffery Smullen
- Christine Bouvier
- Gregory Grosz
- Sandra Macias
- Michelle Mackenzie