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Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
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Supervisory Committee Members Attending Board Meetings

96-0219 / February 1996

Subject

Governance

Historic Status

Non-historic

February 22, 1996

William G. Berg
Financial Management Services Specialist
Florida Credit Union League, Inc.
P.O. Box 3108
Tallahassee, Florida 32315-3108

Re: Supervisory Committee Members Attending Board Meetings(Your February 7, 1996, Letter)

Dear Mr. Berg:

You have asked whether a federal credit union's board of directors can exclude members of the supervisory committee from regular monthly board meetings or executive sessions of a regular board meeting. It is up to the board of directors of the FCU to determine whether or not supervisory committee members may attend a regular board meeting or executive session. Enclosed is a March 17, 1993, letter from this office to Plains Bell FCU addressing this issue.

Sincerely,

Richard S. Schulman
Associate General Counsel

GC/MJMcK:bhs
SSIC 3501
96-0219
Enclosure

Last modified on

11/14/24

Supervisory Committee Members Attending Board Meetings

Footnotes