Board of Directors & Supervisory Committee
Do you want to serve your Credit Union?
In contrast to a bank, one of the unique features of a credit union is its Board of Directors, unpaid volunteers who are primary account holders and give their time and energy to help direct the credit union in protecting the interest of the membership. Volunteering for your credit union can be both challenging and fulfilling, and we invite you to learn more about serving on the Board of Directors or the Supervisory Committee.
Board of Directors
Directors serve three-year terms and oversee the general direction and control of the credit union. Attendance is required at regular Board meetings, held the fourth Tuesday evening of the month beginning at 5:00 p.m. These are dinner meetings. Attendance is also required at the Annual Meeting and the Strategic Planning Session held in March and October/November, respectively. In general, Board participation involves about three hours a month.
In addition to meeting participation, Board members need a working familiarity of basic finance and accounting practices. These skills include the ability to read and understand the credit union's balance sheet and income statement. Some on-site training is offered and online training programs are available to volunteers.
The Supervisory Committee is the first line of defense against fraud and embezzlement. With the help of internal and external auditors and examiners, the committee reviews the accuracy of the credit union's financial statements.
The committee also ensures that the practices and procedures of management and the Board of Directors safeguard the members' assets. The committee responds to member complaints and supervises all external audits. Supervisory Committee members must be a primary account holder of a Georgia Heritage share account.
If you are interested in learning more about becoming a credit union volunteer as a Board member or on the Supervisory Committee, please contact Dale Taratuta at (912) 236-4400 (firstname.lastname@example.org).