FRBFCU® is accepting nominations of members to serve on our Board of Directors now through Saturday, February 17, 2024. Please submit your nomination by February 17th for consideration. If you would like to run for a Board of Directors seat, please call Ming Wong by phone at 202-790-6559 or by email at Ming.Wong@frbfcu.org. To run for the Board, you must be a member in good standing. All members will have the opportunity to vote for Board of Director nominees prior to the 2024 Annual Meeting. If you have questions about being a Board Member, email Ming Wong at Ming.Wong@frbfcu.org.
SAVE THE DATE: Our Annual Meeting will be held in-person on Wednesday, May 22, 2024. Stay tuned for more details!
The Board of Directors establishes and revises policy, sets dividend and loan rates, and directs the operations of the Credit Union. These officials volunteer their time, service, and expertise. The board meets at least monthly for approximately 1 & 1/2 hours, plus time to review materials ahead of the meetings. The board selects from its members to fill two standing committees, the Asset Liability Management Committee (ALCO) and the IT Security Committee. The ALCO committee meets at least monthly for approximately an hour, plus time to review material ahead of time. The IT Security Committee meets several times a year and on an ad hoc basis. These time commitments are for illustrative purposes only. Actual time commitments will vary.
Directors are elected by members of the credit union. They serve for 3-year terms.
The Supervisory Committee serves as the audit arm of the credit union. Five credit union members are selected by the Board of Directors to serve on the Supervisory Committee. The committee engages the CPA firm that conducts an annual financial statement audit and the verification of member accounts.
If you have a question about your statement, activity on your account, or other service-related matters you have not been able to resolve using normal credit union channels, then you may submit your concern in writing to the Supervisory Committee. The Supervisory Committee will be happy to investigate your question.
Contact the Supervisory Committee by emailing supervisorycommittee@frbfcu.org
