Get involved! Become a Credit Union Volunteer.
- July 14, 2017 /
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- Latest News
Becoming A Board Member or Supervisory Committee Member.
Would you like to share your professional experience of Marketing, Business Management, Finance, Technology or a Legal Field? Would you like to help develop a roadmap that safeguards the financial lives of thousands of members? If you answered yes to either of these questions, Westmoreland Community Federal Credit Union’s Board of Directors or Supervisory Committee has a place for you.
Volunteering to serve on Westmoreland Community’s Board of Directors or Supervisory Committee can be an extremely rewarding experience. You may find that representing your fellow credit union members not only benefits them but will provide you with valuable knowledge for years to come.
Who Is Eligible To Serve?
When you are looking to be added to the Board or Supervisory Committee all that is required of you is to be a member in good standing; be 18 years of age or older; willing to agree to a criminal background check and a credit check; willing to agree to the credit union’s code of ethics policy; not be employed by the Westmoreland Community or any subsidiary during the past year.
If Selected, How Long Do I Serve & What Responsibilities Will I Have?
Board of Directors.
Directors are elected to three (3) year terms.
Credit Unions are a not-for-profit cooperative that helps its members to realize their financial goals and dreams. Members are considered to be "owners" of the credit union and as such elect other members to serve on the Board of Directors. It is the Directors responsibility to safeguard the member’s financial assets and to meet our member’s needs in terms of products and services. Directors develop a road map of priorities (strategic planning) for management and staff to follow. Directors set policy in such areas as: lending and collections. Once elected, Directors have the opportunity to share their business experiences, leadership skills and management capabilities in a team effort.
Director meetings are extremely important. They must be taken seriously and given a high priority in one's schedule. Critical information is shared at each and every meeting and only through your attendance can you expect to make intelligent decisions for the credit union. The primary meeting of the Board of Directors is held once per month. The meetings are on the 4th Tuesday of each month at 5:30 pm and they often last one (1) to two (2) hours. However, there are times when special meetings are necessary and can be called throughout the month.
Committee members are elected to three (3) year terms.
The Supervisory Committee is responsible for ensuring that the Board of Directors and the management of the credit union meet required financial reporting objectives. The committee establish practices and procedures sufficient to safeguard members’ assets.
As the members' representative, the Committee’s primary function is to make internal audits that assure the Credit Union’s records are prepared accurately. As well as internal controls, oversee policies and procedures are maintained and followed, and each employee/elected official is carrying out the basic duties for which he/she is responsible.
The regular Committee meetings may be attended by a member of the Board of Directors, and by employees of the credit union that report directly to the Supervisory Committee. However, they do not have the right to vote at Committee meetings. The meetings are on the 3rd Wednesday of each month at 5:30 pm and they often last half hour (1/2) to one (1) hour. However, there are times when special meetings are necessary and can be called throughout the month.
What are the benefits of Serving?
You’ll be a representing voice for your fellow members, and have a direct impact in the overall direction of the credit union. You gain knowledge and experience about the running of a financial institution. You help develop strategic plans as you continue to learn about the credit union movement. Board and Supervisory Committee members may also attend conferences and seminars on credit union topics. It is a great way to become part of a unique organization that affects the financial lives of thousands of members.