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 and branch offices. The chairperson may attend informational conferences designed to broaden credit union procedural knowledge. The chairman will in turn share this valuable knowledge with other committee members. In addition, the chairperson reviews the credit union’s annual state examination results and is responsible for scheduling the credit union’s annual audit.

This year’s supervisory committee takes great pleasure in reporting that the financial records of the credit union are accurate and there are adequate internal controls which 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 this year and no significant issues or concerns were discovered.
The North Carolina Credit Union League performed our annual audit in September of this year. 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 for our year end audit.

I would like to thank my colleagues for their faithful service and devotion while working on this committee.

Sincerely,

Brenda Bullock, Chairperson
Amanda Frymier
James Doughtie Sr.