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The Supervisory Committee is responsible for
monitoring and evaluating credit union activities. The Board of Directors
appoints this committee which works on the members’ behalf to ensure that
the highest degree of integrity is maintained in the credit union.
This committee supervises and conducts surprise
cash counts at the main office and the branch offices. The chairperson may
attend conferences that will broaden their credit union knowledge. In
addition, the chairperson reviews the annual state examination and is
responsible for scheduling the annual audit.
It is the pleasure of this committee to
report that the financial records of the credit union are accurate and
adequate internal controls are consistently used in the daily operations of
the credit union.
The North Carolina Department of Commerce
(Credit Union Division) made their examination of your credit union in March
of 2008 and no significant issues or concerns were discovered.
The North Carolina Credit Union League
performed our annual audit in September of 2008. Again, no significant
issues or concerns were recorded in the annual audit report. The credit
union will be utilizing the North Carolina Credit Union Leagues audit
services again in August of 2009.
I would like to thank my colleague Mrs.
Amanda Frymier for her faithful service throughout 2008 while working on
this committee.
Sincerely,
Brenda Bullock, Chairperson
Amanda Frymier
James Doughtie Sr. |
