Supervisory Committee Member

Position Overview


Membership, Board of Directors


Elected by the Membership for a staggered three-year term. No term limits.


$20.00/hour per hours worked in official capacity.


Must be a member of the Credit Union in good standing.

Position Description

Committee Responsibility Summary:

  • Provides oversight of operational procedures and safety of members’ funds.
  • Ensures that internal controls are in place and operating correctly.
  • Oversees lending, accounting, and operating activities to verify detail of internal controls and operating procedures.
  • Initiates annual audit by selecting an independent, professional auditing firm to perform internal audit responsibilities.

Yearly Duties:

  • Complete member account verifications (typically conducted by an outside, contracted CPA firm).
  • Contract with management to have a CPA firm conduct at least an agreed-upon procedures audit.
  • During one quarter per year, reviews:
    • Closed accounts, Returned Mail, Exceptions, ALLL report
    • New accounts, Investments, Dormant Accounts, Outside audits, Bank statements

Semi-Annual Duties:

  • Hold a meeting appointing a chairperson and secretary to take minutes of the Committee meetings.
  • Conduct an audit for the State of Minnesota.
  • During two non-consecutive calendar quarters:
    • Perform cash counts, Review loan files

If you are interested in a position on our Supervisory Committee, please contact Charlie Yenni at 651-228-7672 or