Just Credit Union is owned by its members and run for their mutual profit rather than corporate profit. A Board of volunteers oversees the running of the credit union ensuring it’s long tern financial stability and that it is meeting the needs of its members and community.
The Supervisor’s role is totally independent and is there to ensure the credit union is being run in the interest of its members, and that its financial procedures and management practices serve their best interests. Through out the year the Supervisor attends meetings, visits the office, reviews information and procedures, and reports on the finding to both the Board and the members.
SUPERVISORY QUARTERLY REPORT APRIL 2023
Summary of Work Undertaken
During the past 3 months I have
– Attended Board meetings and provided monthly reports as directed by the Supervisory Work Programme.
– Made fortnightly visits to the JUST CU office to conduct Supervisory activities in an office setting
– Presented the Supervisory Annual Report to the JUST CU Annual General Meeting
– Reviewed records and confirmed that all employees took at least one week’s continuous vacation last year
– Reviewed recruitment and selection processes for Board and Supervisory members.
– Reviewed employees, official and related family accounts and highlighted any issues
– Started to look at Single Customer View (SCV) procedures and drafted a policy and procedure document
– Examined the loan application and verification processes and found them to be satisfactory
 Conclusions
– The Supervisory Work Programme has now been operational for 12 months and seems to be working well. It will continue to evolve with minor adjustments and direct the work activities of Supervisory.
 Recommendations for Improvement (if required)
– Single Customer View (SCV) policy and procedures to be reviewed and agreed by Board and SMT
                                                                                                         Sharon Angus-Crawshaw
