Supervisory Committee 2007-2008

Kevin Pybas- Chair

Fredrick Maxwell

Richard Ellis

Herbert Jackson

Craig W. Smith

SUPERVISORY COMMITTEE DUTIES

1) Committee’s long term objective is to promote quality improvement

2) Committees primary objective is the examination and evaluation of the adequacy and effectiveness of internal controls and the quality of performance in carrying out assigned responsibilities.

3) Determines the reliability and integrity of financial and operating information.

a) Determine compliance with policies, plans, procedures, laws and regulations which could have a significant impact on operations and reports.

b) Ascertains whether the established system of internal controls provides reasonable assurance that our goals will be met.

4) Committee shall have such powers and responsibilities as provided by law and regulations.

5) Oversee the work of external auditors and internal audit employees to assure that proper levels of independence and objectivity are maintained.

6) Attend and participate at Board meetings and credit union functions to enhance their ability to monitor activities and decisions.

7) Communicates with the members at the annual meeting and at any other time it deems appropriate when the Board has not been responsive to reasonable and warranted requests for information or answers.

8) Handle members’ written questions and complaints relating to transactions and compliance after management has had the opportunity to handle it

9) Assures that the Board and President respond adequately and timely to examination and audit findings and recommendations.

10) Assists the directors in developing the Board’s self appraisal/updating of policies and procedures.