VOLUNTEER COMMITTEES at CRFCU
Volunteers are the backbone of the Credit Union. The Credit Union is in need of members who have the skills and interest in serving as volunteers. Volunteer positions are available on the Supervisory Committee, Asset/Liability Management (ALM) Committee, Human Resource/Compensation Committee and Board of Directors.
As a volunteer, you will help a community-based business, build your resume and meet new people. Volunteer opportunities are available on various committees and the Board of Directors:
The Supervisory Committee, required by the Federal Credit Union Act, is the watchdog of the Credit Union. It is responsible for making sure that member’s funds and interests are protected, as well as the interests of the Credit Union officials. The Committee is appointed by the Board of Directors from among the members of the Credit Union. It conducts an annual audit and has a continuing responsibility to ensure that the Credit Union’s financial records and operations are in order.
Asset/Liability Management Committee (ALM)
Identify, manage, and control the amount of risk the Credit Union assumes as part of normal operations while ensuring adequate earnings and net worth. Develop asset/liability strategies and tactics. Monitor, review, evaluate, and recommend rates for Credit Union loan products to the Board of Directors. Monitor, review, and evaluate investment portfolio activity. Submit regular written reports and/or meeting minutes to the Board. The Committee is appointed by the Board of Directors from among the members of the Credit Union.
The Human Resource/Compensation Committee
Human Resource/Compensation Committee is responsible for making sure that Employees and Volunteer benefits are appropriately supplied and balanced. The Committee is appointed by the Board of Directors from among the members of the Credit Union. It conducts an annual review of Employee benefits and incentives/bonuses and recommends an annual Employee goal program.
Board of Directors
A Director of the Credit Union will be a prudent and diligent individual who, with six other individuals, maintains the general direction and control of the Credit Union. This includes, but is not limited to, guiding the organization to fulfill its vision/purpose/mission; setting all policies which guide the affairs of the Credit Union; and ensuring that those policies are properly implemented in accordance with the Credit Union charter, bylaws, all applicable federal and state laws, sound business practices, and membership desires. Directors are voted in by the membership for three-year year terms. The Board meets monthly.