Lookout Credit Union is currently accepting application for seats on our Supervisory Committee. If you are interesting in applying please fill out the following application.
Lookout Credit Union's Supervisory Committee is responsible for ensuring that the Credit Union's Board of Directors and management establish practices and procedures to properly safeguard members' assets. In addition, the Committee is responsible for the annual financial statement audit from a licensed, independent auditor.
In accordance with the Federal Credit Union Act, the Supervisory Committee is comprised of volunteer members and functions completely independently of Credit Union management. As an independent body, the Supervisory Committee also investigates members' complaints not resolved to their satisfaction by management.
While different things motivate different people, some of the following reasons are often cited as the benefits of being a volunteer:
To provide our OWNERS (members) sound financial services including consumer education, information and counseling, while offering both dividend rates and loan rates that are generally more favorable than those normally found at other consumer lending institutions. As the Credit Union grows and more efficient services are added friendliness, courtesy and convenience will continue to be our top priority. The volunteers, staff and members of Lookout Federal Credit Union strongly support our founding motto: “NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE.”
Applications for a position on the Lookout Credit Union Supervisory Committee can be submitted at any time.