Become a Member Representative – Volunteer with High Point FCU.
We’re more than just banking. We’re community builders, friends, and neighbors. We give back to our communities every day, and it all starts with people like you.
As a not-for-profit, Member-owned financial cooperative, we rely on the participation of Members to fulfill our mission. Many of our Members seek to make an impact and take us up on the offer to contribute to the Credit Union’s success.
Your willingness to volunteer time and talent can help other Members meet their financial goals, help conceptualize new financial products and digital services, and give back to your community.
Our Board of Directors and Supervisory Committee seats are the most visible volunteer positions within High Point Federal Credit Union. Their leadership has consistently helped guide us toward success and ensures we remain true to our core values.
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Board of Directors
The Board of Directors is responsible for establishing the credit union’s overarching direction. This typically does not involve direct participation in day-to-day operations, as this responsibility lies with the credit union CEO appointed by the board. The credit union staff carries out the policies set by the board.
In essence, the board’s role is to provide guidance and oversight for the credit union, ensuring it operates soundly and responsibly, with decisions always reflecting the members’ best interests.
Primary Responsibilities
- Set policy.
- Plan the credit union’s course.
- Make sure the credit union maintains its sound financial condition.
- Keep communication open to educate members on services.
- Review the CEO’s progress in achieving goals and objectives.
Necessary Knowledge and Skills
- An understanding of credit union philosophy and the desire to better the financial lives of members.
- The ability to understand basic financial statements.
- The ability to think and plan strategically.
Specific Responsibilities
- 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.
- Designate depositories, authorize borrowing and investing, provide for bonding and other security factors, including internal control policies and procedures.
- Approve interest rates, dividends, and refunds, or approve policies to guide management in doing so.
- Approve loan limits and savings minimum.
- Develop personnel policies, or make sure they are developed, and then approve them for all credit union programs and activities.
- Review policies and bylaws at least once a year and update as necessary.
- 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 his or her progress in attaining goals and objectives.
- Attend monthly board meetings, exercise judgment independently from the CEO, and report to the members at the annual meeting.
Supervisory Committee
The Supervisory Committee independently evaluates the soundness of the Credit Union’s operations and activities. Supervisory Committee seats are visible volunteer positions within the organization. Their leadership has consistently helped guide us toward success, growth and ensures we remain true to our core values.
Primary Responsibilities
- Review of Internal Controls.
- Hire and/or work with auditors.
- Review examination and audit findings.
- Meet with the federal examiner.
- Research member complaints.
- Complete other recommended procedures.
If you are a current member of High Point Federal Credit Union and are interested in volunteering, please complete our Application and return to mpancio@highpointfcu.com.