Supervisory Committee Report
The Supervisory Committee is responsible for the financial well being of our credit union. These responsibilities include ensuring internal operations are valid and accurate in addition to verifying adherence with established policies and procedures with Federal and State regulations. Our credit union’s Internal Auditor assists this committee with fulfilling these responsibilities.
For the fiscal year ending September 30, 2016, this committee engaged the accounting firm of Nearman, Maynard, Vallez, CPAs to perform a comprehensive audit. These auditors test for conditions which could adversely affect the financial operation of our credit union. The audit is performed to obtain reasonable assurance that the financial data is free of material misstatements.
This audit was performed during the week of November 14, 2016.
This committee is pleased to report no material weaknesses or conditions were discovered. The accounting records and reports are prepared as required and accurately reflect the financial condition of our credit union. Our credit union is well managed, financially sound, has effective internal controls and follows established policies and procedures in compliance with legal regulations.
Christine R. Bonczyk
Chairperson Supervisory Committee