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.

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download