Volunteerism is fundamental to the credit union philosophy that has directed the credit union movement since the 1800s and Sharonview Federal Credit Union (SFCU) since 1955. Volunteers perform many functions that are vital to Sharonview’s success and help mold the future of the credit union.
The Supervisory Committee Members
Supervisory Committee members are appointed by the Sharonview Board of Directors on an annual basis. The Committee has various oversight responsibilities, focusing on the quality and integrity of the Credit Union’s financial statements and the adequacy of the Credit Union’s system of internal controls and risk management. Each year, this Committee engages a Certified Public Accounting (CPA) firm to perform an annual opinion audit of the Credit Union’s financial statements and a verification of Member accounts.
The Committee also oversees a staff of professional internal auditors, who perform various audits and reviews throughout the year. The Internal Audit department continually reports to the Committee on the adequacy, effectiveness and efficiency of the credit union's system of internal controls and risk management, as well as management’s processes for monitoring compliance with laws and regulations, policies and procedures and the company’s ethical guidelines.
Volunteers Serving on the Committee
Volunteers must be sensitive to the needs and concerns of the membership of SFCU when fulfilling their responsibilities as a director or committee member. Those responsibilities include both knowledge and time commitments to the credit union. A Supervisory Committee volunteer could expect to spend six to eight hours a month planning for, and attending, credit union meetings including a regularly scheduled committee meeting, monthly board of director’s meeting, special planning or informational sessions and other credit union functions.
Volunteers are also expected to become familiar with credit union’s bylaws and laws and regulations that govern credit unions, and are required to complete specified training materials within three months of election or appointment. Through the completion of these self-study programs, volunteers will have a better understanding of the background of the credit union movement, the philosophy that supports it, and various issues that affect credit unions. Completion of additional training modules of your choice and/or attendance at educational seminars or conferences, at Sharonview’s expense, will be required annually thereafter. Federal law also requires that volunteers be “financially literate” within six months of their election or appointment to a volunteer position, and if necessary, Sharonview will also provide access to training to allow volunteers to attain this knowledge.
A Rewarding Opportunity
The benefits derived from volunteering your time and energies to the credit union are many. As a representative of SFCU, you will meet new people and develop both social and professional contacts. You will be provided with quality educational opportunities dealing with a multitude of topics that could be applied to many environments. The primary benefit realized by SFCU volunteers is the personal satisfaction that is derived from knowing that they are contributing to the success of the organization and to the well-being of fellow members.
The Board of Directors and Supervisory Committee are very important to Sharonview's success. Candidates must meet the nomination requirements of Sharonview FCU, which shall be provided with the Volunteer Application, to be eligible. If you would like to pursue this exciting opportunity and receive a volunteer application, please send a request to firstname.lastname@example.org with your name, address, phone number and a copy of your resume.
The spirit of cooperation is the essence of the credit union movement and is crucial to the continued success of Sharonview Federal Credit Union.