The credit union community is unique. Member owned and operated, only credit union members may volunteer to become a part of the Board of Directors or Supervisory Committee. This volunteer structure sets us apart from other types of financial institutions, and helps to ensure the financial stability and soundness of the credit union. Board and Supervisory Committee members commit a significant amount of personal time and effort to ensure the continued success of Frick Financial Federal Credit Union.
Our all-volunteer Board of Directors is composed of five members who lend their managerial and financial expertise to help guide the direction and mission of the credit union. Board members are responsible for setting policies, approving budgets and helping to direct strategic planning. The Board evaluates operations and maintains the financial performance standards for the credit. They are also responsible for appointing the credit union’s President/CEO, who reports directly to the Board. Board positions are voluntary and unpaid; however expenses related to Board business are paid for by the credit union.
If you are at least 18 years old and are a member in good standing at Frick Financial Federal Credit Union, you are eligible to run for a position on the Board of Directors. Board members are elected by our membership for three year terms at our Annual Meeting.
|W. Harry Springer||Chairman|
|James Marmol||Vice Chairman|
The Supervisory Committee is an independent Audit Committee. It is responsible for making sure that members’ funds and interests are protected, and that the Credit Union’s internal control procedures are adequate. The three to five person Committee is appointed by the Board of Directors from among the members of the Credit Union. The regular term for each elected Committee is 1 to 3 years. The Supervisory Committee conducts an annual audit and has a continuing responsibility to ensure that the Credit Union’s financial records and operations are in order. As with the Board, the Committee members must maintain the highest level of confidentiality, as well as demonstrate integrity and independence in their relationship with Frick Financial Federal Credit Union.