President-CEO - EFCU
Elko Federal Credit Union
POSITION DESCRIPTION
Position Title: Supervisory Committee Volunteer Department:
POSITION PURPOSE
• Ensuring members’ funds and interests are protected;
• Organizing the audit and providing reports on the accuracy of financial records;
• The authority to call special meetings to consider unsafe and unsound practices or violations of law, regulations, charter or bylaws; and the power to suspend directors and other board committee members
ESSENTIAL FUNCTIONS AND BASIC DUTIES
The supervisory committee serves three primary purposes:
1. Quality control monitor, to ensure that the management and board of the credit union establish practices and procedures to properly safeguard members' assets;
2. Auditor, to check the accuracy and reliability of accounting data. As such the supervisory committee is responsible for organizing or conducting the annual audit and a member account verification at least every two years;
3. Ombudsman, to review and investigate members' complaints received directly by the supervisory committee, or for those not resolved to their satisfaction by credit union management.
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