GPFCU Volunteers Wanted: Supervisory Committee
Volunteer with GPFCU

Get involved with your credit union! 
We need your help! 

 

 Want to be involved in the operations and/or decisions of Greater Pittsburgh Federal Credit Union? Want to make a difference?  Credit Unions are owned and operated by their membership.  Every member has the right and opportunity to run for a Board or Committee position.  We need members just like you!

The commitment is only about 1 day per month plus occasional events/activities as needed and training will be provided.  We will of course work with your schedule!  (And we are a great group of people to work with, if we must say so ourselves!)

Interested? Please email us at info@greaterpittsburghfcu.org today!

 

Open Positions:

SUPERVISORY COMMITTEE

The Supervisory Committee is appointed by the Board to:
• Act as the “watchdog” of the credit union to protect and safeguard member assets
• Ensure that records are maintained properly, honestly and accurately
• Make sure that policies are established according to law and carried out faithfully
• Check to see that proper internal controls are in place
• Ensure that members receive the best possible service Who Can be a Supervisory Committee Member?
• Must be a member of the credit union
• Must be bondable by the credit union’s surety bond company
• Cannot be related to any credit union employee

Who Cannot be a Supervisory Committee Member?
• Loan Officer
• Membership Officer
• Treasurer / Assistant Treasurer
• Secretary of the Board of Directors

How Does Someone Become a Supervisory Committee Member?
• The committee is appointed by the Board of Directors
• The number of committee members should not be less than three or more than five
• Terms are for one, two or three years
• All terms must be for the same number of years
• Committee members elect a chairperson and secretary

Major Duties
• Make recommendations to Board based on findings of auditor and examiner
• Conduct the annual audit/hire auditor
• Verification of accounts every two years
• Hire CUMIS for risk audit
• Present report at annual meeting Ongoing Duties
• Review minutes of Board and credit committee meetings
• Surprise cash counts
• Randomly review loans with special attention to large loans, staff and volunteer loans and loans to inside parties
• Recalculate expected interest from loans, investments, and member deposits
• Review data change list (non-financial transaction report)
• Review closed account report and member insurance payments
• Review reconcilement of credit union accounts

Interested? Please email us at info@greaterpittsburghfcu.org today!