Credit Union
Supervisory Committee
Purpose
The supervisory committee, or audit committee, is the "watchful
eye" for the credit union. The committee is responsible for assuring its membership
that their deposits are safe. In a democratic structure like the credit union, it's
imperative that the committee be visible and active in fulfilling its responsibilities to
the membership.
Qualifications For Serving
Supervisory committee members are credit union volunteers who may have little
or no background in credit union operations. The simple fact that this small group of
volunteers come with diverse backgrounds is what makes the committee so effective.
Unfamiliarity with credit unions in combination with an enthusiasm to get involved in a
productive manner, can be most effective for members of the committee because of the
uninhibited nature of their inquiries regarding credit union matters. Volunteers with
little or no experience will be more apt to question the most routine operations
inherently causing a "no stone left unturned" impact on the overall structure.
As volunteers gain experience and training, the level of their scrutiny in monitoring
their credit union will naturally move up to the complexities of the organization.
The sole qualification necessary to serve on the committee is...
ICUT members wanting o proceed to
the remainder of the Supervisory Committee's module of the ICUT facility CLICK HERE.
Non-ICUT members wanting to proceed to
the remainder of the Board of Director's module of the ICUT facility CLICK HERE.
