Minnesota Valley Credit Union

Board of Director/ Supervisory Committee Application

Hello and thank you very much for expressing an interest in serving as a volunteer on the MVFCU Board of Directors. It is most appreciated. We think you'd enjoy the experience and provide valuable insight and service to the membership and staff. We do provide training opportunities during the year.

There are seven members on the Board of Directors. Terms are for three years though there is no contract or such obligation. The board meets monthly on the fourth Tuesday of the month at 5:00PM and start with dinner. Meetings tend to last about 1.5 to 2 hours. Once per year we hold a Saturday strategic planning session.

The board's primary function is to review existing and develop new general operating policies and procedures and oversee their implementation by management. The board also oversees the appointed volunteer five member Supervisory Committee. Each year an outside CPA firm performs a financial audit and member account verification. Every other year or so the federal agency National Credit Union Administration conducts an examination.

The election results will be announced on April 22, 2014 at our Annual Meeting.

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