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 of 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 your voice is heard.
Associate Board Members
If you have an interest in becoming a leader of a not-for-profit, member-owned cooperative dedicated to the financial well-being of our members then we invite you to explore becoming an Associate Board Member here at CommonWealth. In this volunteer, non-voting position you will be given the opportunity to learn about the governance of our Credit Union and contribute your unique skills and experience to benefit the membership. Throughout the one-year term, you will also be given the opportunity to participate in meetings and activities to learn how the Board functions in its role of providing guidance and counsel to CommonWealth's management. Associate Board Members may be considered as potential candidates to fill future open positions on the Board of Directors.
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 Directors, 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?