Board of Directors
One of the great things that makes credit unions different than banks is the fact that we are financial cooperatives that are member-owned and controlled. Our Board of Directors and Supervisory Committee are made up members who volunteer their time and talents to serve and represent the interests of our membership. Each position is elected by our members through a democratic vote for a three year term. So, what exactly do these positions entail?
Board of Directors
CommonWealth’s Board of Directors is comprised of seven elected volunteer members who help oversee and maintain the general direction of the credit union. Together with our senior management team, they are involved in the processes of designing strategies, goals, policies and products and services. They monitor the credit union’s operations, and assess our financial well-being and progress towards strategic goals. Most importantly, they are elected by members to help make decisions on behalf of all members, so you can feel like your voice is heard.
CommonWealth’s Supervisory Committee is comprised of three elected volunteer members who help safeguard the assets and interests of all members. They are in charge of conducting annual audits, reviews and investigations when necessary. We know how important trust and transparency are in the financial industry, so they are here to help ensure that you are protected and can feel safe with CommonWealth. As with our Board of Directions, these members have been elected to help make decisions on behalf of all members. They are there for you, because they are you too!
Are you ready to make a difference and take part in the credit union philosophy of "People Helping People"? Or do you have any questions? Please submit a Board of Directors Information Form or call us at (800) 564-1588.