Summerland Credit Union - Loans, Saving, Investing, Insurance

The Board is responsible for the corporate governance of the credit union. As the Board acts on behalf of the members and is accountable to the members, it uses the key principles of accountability, disclosure and independence to carry out this responsibility.

In addition, the Board is responsible for identifying areas of significant business risk and ensuring arrangements are in place to adequately manage those risks.

To assist in this process the Board has established a number of key committees, each with its own terms of reference.

They are:

• Board Audit and Risk Committee
• Risk Management Committee
• Nomination Committee
• Remuneration Committee

The full Board currently holds eleven scheduled meetings each year plus planning meetings.
Summerland Credit Union's Constitution provides the framework for how the Board operates.

Good Corporate Conduct

Summerland Credit Union recognises that it has many responsibilities to its members and other stakeholders. As a mutual organisation, corporate responsibility is embraced and strengthened through our values.

• Our Values
• Mutual Banking Code of Practice
• Constitution