ESSENTIAL AND EMERGENCY SERVICES & PARTNERS CO-OPERATIVE CREDIT UNION LIMITED
BOARD OF DIRECTORS ROLES & RESPONSIBILITIES
The Essential and Emergency Services & Partner Co-operative Credit Union Limited is seeking to identify suitable volunteers to become a member of our Board of Directors. To become a member of the Board of Directors, you must be a member of the Essential and Emergency Services & Partner Co-operative Credit Union Limited in good standing; you should also be honest, unselfish, sincerely interested in the good of the organization and its members, know the business, behave ethically, avoid partisan politics, be objective, possess good social values and have the courage to make unpopular decisions for the good of the Credit Union and its members.
NO NOMINATIONS WILL BE ACCEPTED FROM THE FLOOR.
Functions/Responsibilities
- Overall leadership, direction, and control of the affairs of the Credit Union.
- Hiring and evaluation of the General Manager.
- Development of policies to guide the successful operations of the organization.
- Entering into contracts on behalf of the Credit Union.
- Deciding on the long-term goals and objectives of the organization, and planning for their achievement.
- Receiving reports from the General Manager.
- Reporting to members at Annual General Meetings.
- Calling Annual and Special General Meetings.
- Ensuring that the Credit Union’s Rules, the Co-operative Societies Act and Regulations, the rules of the League and other relevant legislations are complied with.
- Recommending amendments to Rules.
- Approving acquisition and disposal of fixed assets.
- Ensuring on-going education and training of members, volunteers and staff.
- Maintaining good public relations.
- Ensuring the provision of competent and adequate personnel and facilities for efficient operation of the Credit Union.
- Monitoring and evaluating the performance of the Credit Union.
- Filling vacancies on the Board and Credit Committee between Annual General Meetings.
- Ensuring that members’ funds and the assets of the Credit Union are adequately protected.
- Appointing relevant committees to assist the Board’s functioning.
- Equipping themselves with the requisite skills and knowledge to effectively perform their functions.
- Attending the requisite courses for certification as Credit Union professionals.
Expertise and Knowledge Required
It is recommended that candidates possess a diversity of skills to include any one of the following competencies: Strategic business management and planning, Internal control, Financial management and accounting, Human resource management, Management of legal matters, Marketing, Information Technology, Public speaking, Credit administration, Governance, Risk Management, Leadership, Change management.
SUPERVISORY COMMITTEE'S ROLES AND RESPONSIBILITIES
The Essential and Emergency Services & Partner Co-operative Credit Union Limited, formerly known as the Correctional Services Co-operative Credit Union Limited, is seeking to identify suitable volunteers to become a member of our Supervisory Committee's Team. To become a member of the Supervisory Committee, you must be a member of the Essential and Emergency Services & Partner Co-operative Credit Union Limited in good standing; you should also be honest, unselfish, sincerely interested in the good of the organization and its members, know the business, behave ethically, avoid partisan politics, be objective, possess good social values and have the courage to make unpopular decisions for the good of the Credit Union and its members.
Functions/Responsibilities
The Supervisory Committee is charged with the responsibility of being the Internal Audit Committee of the Credit Union for and on behalf of the members. This includes:
- Playing the lead role in the engagement and supervision of the full-time Internal Auditor.
- Arranging for and supervising the internal audits and receiving reports of these audits.
- Requiring the adequacy of internal control systems and procedures and adequate management of risks.
- Liaising with the Credit Union’s external auditor in the conduct of this audit.
- Dealing with members' complaints.
The Committee is also required to:
- Ensure that the interests of the members are protected.
- Ensure that the Board of Directors, Credit Committee, and staff comply with the laws, Rules, and policies of the Credit Union.
- Ensure that every transaction that is carried out in the Credit Union conforms to prudent and transparent business practices.
Expertise and Knowledge Required
Furthermore, candidates should comprise a diversity of skills to include any one or more of the following:
- Auditing, Accounting, and Financial Management
- Business Administration
- Internal Control
- Computing
- Risk Management
In addition to the skills mentioned above, members of the Supervisory Committee should also:
- Possess good interpersonal skills.
- Be scrupulous.
- Maintain high ethical standards.
- Have strong leadership skills.
- Be good communicators and willing to debate issues.
CREDIT COMMITTEE'S ROLES AND RESPONSIBILITIES
The Essential and Emergency Services & Partner Co-operative Credit Union Limited, formerly known as the Correctional Services Co-operative Credit Union Limited, is seeking suitable volunteers for our Credit Committee's Team. To become a member of the Credit Committee, you must be a member of the Credit Union in good standing, honest, unselfish, sincerely interested in the good of the organization and its members, knowledgeable about the business, ethical, objective, possessing good social values, and courageous in making decisions for the good of the Credit Union and its members.
Functions/Responsibilities
The Credit Committee has overall responsibility for the Loan Portfolio and Credit Administration of the organization, guided by policies and procedures laid down by the Board of Directors. This includes:
- Studying and implementing the Credit, Delinquency Control & Collections Policy and Procedures of the organization.
- Recommending amendments to policies and procedures, where necessary.
- Ensuring loan applications are properly completed with all required information prior to submissions to the Committee.
- Evaluating and making decisions on member’s loan requests.
- Conducting interviews with loan applicants where required.
- Determining the adequacy of security for loans.
- Providing financial counseling to members where required.
- Ensuring that delinquency is effectively controlled through the Committee’s evaluation and approval of loans.
Expertise and Knowledge Required
Candidates should possess a diverse set of skills, including:
- Business loan granting.
- Credit administration including loan analysis and granting.
- Project appraisal, monitoring, and implementation.
- Delinquency Control and Collections.
- Securities evaluation and execution.
- Financial counseling.
- Cash flow projection.
- Knowledge of applicable legislation.
Members should stay informed on economic conditions, investment options, interest rate trends, and general financial information. They should also have good interpersonal and analytical skills, be tactful, possess excellent listening skills, and be able to handle confidential matters professionally.
Are you passionate about serving your community and making a positive impact on the financial well-being of essential service providers? Essential & Emergency Services & Partners Cooperative Credit Union Ltd is seeking dedicated individuals to join our esteemed team as part of the Board of Directors, Supervisory Committee, and Credit Committee.