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FAQ: Credit Unions

What Is A Credit Union?

The Credit Union is operated by volunteer members formed into three governing bodies:

A Board Of Directors establishes policies and is directly responsible for the Credit Union.

A Supervisory Committee retains the services of a Certified Public Accountant to examine the Credit Union operations and supervises the actions of the Board of Directors, officers and committee persons.

A Credit Committee reviews, approves and expedites loans.

Members of the Board of Directors and Supervisory Committee are elected by the membership at the Annual Meeting, which is held in the first quarter of each year. To administer the full range of Credit Union services, the Board of Directors appoints the Credit Committee and employs a full-time manager and staff to provide you, the member, with prompt and courteous service.

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