The Board of Directors establishes and revises policy, sets dividend and loan rates, and directs the operations of the Credit Union. They are elected at the annual meeting by members of the credit union. These officials volunteer their time, service, and expertise. Directors of the Board serve for 3-year terms and meet at least monthly.
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
