VOLUNTEER FAQ TEST

Board of Directors FAQs

What is the Board of Directors?
The Board of Directors is responsible for directing and guiding the general business affairs by working with the President/CEO to develop strategic plans, objectives and goals for the Credit Union. 

How often does the board meet?
The board meets once a month at the UFCU Administrative offices in Englewood Cliffs. Directors are expected to attend all board meetings and the Credit Union annual meeting. 

What training is involved? 
Board members are required to complete Volunteer Achievement Program (VAP) modules to enhance their understanding of Credit Union operations. They are expected to complete the first three VAP modules their first year, and two additional VAP modules annually thereafter. 

Is this a paid position?
No. Involvement on the Board of Directors is not compensated. 

Is there a complete list of duties? 
Yes. Please see the Board Member Member job description

Do I need to be a member to apply?
Yes. You must have a primary membership with UFCU and be in good standing. 


Supervisory Committee FAQs

What is the Supervisory Committee? 
The primary function of the Supervisory Committee is to ensure that all records are maintained properly and accurately, member’s assets are secure, and procedures and safeguards are in place to protect the financial soundness of the Credit Union.

How often does the committee meet?
The Supervisory Committee meets once a month at the UFCU Administrative offices in Englewood Cliffs. Committee members are expected to attend all supervisory committee meetings and the Credit Union annual meeting. 

What training is involved? 
Committee members are required to complete Volunteer Achievement Program (VAP) modules to enhance their understanding of Credit Union operations. They are expected to complete the first three VAP modules their first year, and three types of Credit Union related training courses annually thereafter. 

Is this a paid position?
No. Involvement on the committee is not compensated. 

Is there a complete list of duties? 
Yes. Please see the Supervisory Committee Member job description

Do I need to be a member to apply?
Yes. You must have a primary membership with UFCU and be in good standing. 

 

 

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