As Chair of your Credit Union’s Supervisory Committee, I am pleased to report that RCU continues to be safe, sound, and in excellent financial condition.
Your volunteer Supervisory Committee is responsible for overseeing RCU’s financial strength and stability, focusing on the accuracy and integrity of RCU’s financials, and the safety of our Members’ assets.
We annually engage an independent certified public accounting firm to verify Member accounts and perform an opinion audit of the Credit Union’s financial statements. The results concluded that your Credit Union continues to be a model of financial strength and stability. Our industry regulator, the National Credit Union Administration, also confirmed these findings in their 2016 audit.
Bauer Financial gave RCU their highest possible rankings for financial strength in 2016. Glatt Consulting, an independent firm providing financial health scores specifically for the credit union industry, rated RCU as one of the top 5 healthiest credit unions in the nation for the 3rd year in a row.
We understand the importance of having a safe, sound place where you can save, borrow, and conduct your financial business. We’re committed to doing all we can to meet our Members’ needs. It’s an honor to serve you.
Supervisory Committee Chair