Credit Union Annual Report 2021 V2 - Flipbook - Page 23
Credit Union ANNUAL REPORT 2021
THE WAY FORWARD
MEMBERSHIP AND ATTENDANCE
As the Credit Union increasingly develops as a significant
Following our election in November 2020, the Supervisory
financial entity with many members’ financial interests, we will
Committee noted some changes to the membership.
continue to ensure appropriate enterprise risk management
We thank the outgoing member and welcome the new
and internal controls are developed to preserve its assets
volunteer as we see a sustained high level of experience,
and ensure compliance in line with the ever increasing
commitment and professionalism. The Committee held a
requirements.
number of meetings to review the reports of the Internal
With our commitment of continuously checking the
internal control environment within the Credit Union, the
audit plan for the financial year 2021/2022 will include an
evaluation of the compliance programme, assessment of
the governance framework, operations audit of the Human
Resources Department, review of the adequacy of the
Audit and the Risk and Compliance Managers. In addition,
representatives from the Supervisory Committee attended
monthly Board of Directors’ meetings as well as a number of
meetings held by the Credit Committee. Below we disclose
the attendance at Supervisory Committee’ meetings and
attendance at the Board of Directors’ meetings.
Business Continuity Plan, loans processes and accounting
We wish to record our sincere thanks to the Board of
functions. There is also planned training for the Supervisory
Directors, Management, Internal Audit Manager, Risk and
Committee.
Compliance Manager and the staff for their cooperation
throughout the year. We would also like to thank the
members for the opportunity given to us to serve on the
Supervisory Committee during the past fiscal year in
support of our mandate.
Kim France, Committee Chairperson
Members
Supervisory
Committee
Board Credit
Committee
8
14
3
Kim France
7
3
2
Marco Archer
6
1
Ravi Persad
8
3
Deirdre Carmela
7
1
Golda Tatum-Carter
8
2
Olivaire Watler
3
-
Jessica Anderson
7
1
Andrew Thomas
1
1
Statutory Educational
Grants
1
Development
Committee
1
21
13
1
1
SUPERVISORY
COMMITTEE
Kim France
Committee
Chairperson
Marco Archer
Deputy Chairman
Golda
Tatum-Carter
Jessica
Anderson
Deirdre Carmola
Olivaire Watler
Ravi Persad
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