Governance

AmeriCU’s Supervisory Committee

On behalf of the Board of Directors, AmeriCU’s Supervisory Committee performs financial audit oversight, serving as a means of checks and balances at the credit union. Their responsibility is to ensure you are happy with AmeriCU’s products, services, and teammates at all times.

As a group, the Supervisory Committee must ensure that the Board of Directors and credit union management:

The Supervisory Committee is responsible for ensuring that the board of directors and management of the Credit Union:

• Meet required financial reporting objectives and establish practices and procedures sufficient to safeguard members’ assets.
• To carry out these responsibilities, the Supervisory Committee must determine whether:

○ Internal controls are established and effectively maintained to achieve the credit union’s financial reporting objectives which must be sufficient to satisfy the requirements of the supervisory committee audits, verification of members’ accounts and it’s additional responsibilities;
○ The credit union’s accounting records and financial reports are promptly prepared and accurately reflect operations and results;
○ The relevant plans, policies, and control procedures established by the board of directors are properly administered; and
○ Policies and control procedures are sufficient to safeguard against error, carelessness, conflict of interest, self-dealing and fraud.

If you have any comments, questions, or concerns, we urge you to contact any member of the staff, management, Board, or you may contact the Supervisory Committee through email at [email protected] or by mail at:

AmeriCU Credit Union
P.O. Box 164
Rome, NY 13442