ASSOCIATE BOARD DIRECTOR AND SUPERVISORY COMMITTEE POSTING
Trademark Federal Credit Union has an Associate Director opening on our Board of Directors and positions available on our Supervisory Committee.
The Board of Directors is an extraordinary opportunity for an individual to assist in setting strategy for the organization. We are looking for people with a track record of engaged board participation or history of leadership in human resources, benefits, IT, governance or marketing.
Ideal candidates will have the following qualifications:
- Understand the credit union philosophy and the desire to better the financial lives of Members
- Able to understand basic financial statements, additional training will be provided
- Able to think and plan strategically
- Skills in diplomacy and a passion that allows for active discussion
- Personal qualities of integrity and credibility
The Supervisory Committee is looking for people who are interested in learning more about the Credit Union and ensuring its soundness. Experience in bookkeeping, accounting, or auditing is helpful in carrying out responsibilities for audit and verification but not required.
Service on Trademark’s Board of Directors and Supervisory committee is a volunteer opportunity that Trademark hopes will bring each individual fulfillment in knowing that they have had the opportunity to participate in shaping the future of the organization.
To express your interest, please contact Amy Selepack at, Amy.Selepack@TrademarkFCU.org with a resume and cover letter advising your interest and what experience you will bring to Trademark. If you have any questions, please email Eric Mayo, Board Chairperson at EMayo@maine.rr.com or Joann Bisson, President/CEO at Joann.Bisson@TrademarkFCU.org.
Both positions must be filled by Members of Trademark Federal Credit Union. These are unpaid volunteer positions.
ASSOCIATE BOARD DIRECTOR JOB DESCRIPTION
The Board’s job is to set direction for and control the Credit Union, making sure it is operated in a sound and prudent manner by providing effective management to the Credit Union’s operations. Decisions should be guided by the best interests of the Membership. The Associate Board Director engages at an advisory level without voting responsibilities. The intent is to bring in a person who is interested in future participation in a Director role if a vacancy arises.
DIRECTOR ROLE –
Primary Responsibilities
- Set policy
- Plan the Credit Union’s course
- Make sure the Credit Union maintains its sound financial condition
- Ensure the internal controls necessary for operating the credit union’s business are in place
- Review the Chief Executive Officer’s progress in achieving goals and objectives
- Be available for communication with Members and potential Members
Necessary Knowledge and Skills
- Understand the Credit Union philosophy and the desire to better the financial lives of Members
- Able to understand basic financial statements, additional training will be provided
- Able to think and plan strategically
Specific Responsibilities
- Attend monthly Board meetings, Annual Meeting and Annual Planning Session
- Work with the CEO and the Board to develop objectives and goals for the Credit Union, including strategic plans
- Make sure the Credit Union adheres to pertinent laws, regulations, and sound business practices
- Make sure the Credit Union maintains sound financial conditions and that the Credit Union’s assets are protected against unauthorized or illegal acts
- Review and approve policies for Credit Union programs and activities
- Make sure new products and services are developed as needed
- Approve the Credit Union budget
- Define the scope of the CEO’s job, hire someone to fill the position, and review progress in attaining goals and objectives
SUPERVISORY COMMITTEE JOB DESCRIPTION
The job of the Supervisory Committee is to make sure that policies are established according to law and carried out faithfully.
Primary Responsibilities
- Make sure the Credit Union maintains its sound financial condition
- Ensure the internal controls necessary for operating the credit union’s business are in place
- Ensure that financial reporting objectives have been met
- Ensure that practices and procedures safeguard Member assets
Necessary Knowledge and Skills
- Understand the Credit Union philosophy and the desire to better the financial lives of Members
- Able to understand basic financial statements, additional training will be provided
- Able to understand auditing procedures and internal controls
- Have a knowledge of accounting
Specific Responsibilities
- Make sure the Credit Union adheres to pertinent laws, regulations, and sound business practices
- Make sure the Credit Union maintains sound financial conditions and that the Credit Union’s assets are protected against unauthorized or illegal acts
- Hire and work with external auditors
- Attend monthly Board meetings or review Board minutes
- Complete the annual audits
- Review internal controls
- Conduct a verification of Member accounts
- Work with internal auditor on at least a quarterly basis
- Review examination and audit findings and follow up to ensure corrective action is taken
- Research Member complaints
- Review policies and ensure policies are implemented