Governance

Board of Directors

The Board of Directors is comprised of seven elected volunteers who are responsible for the governance, direction, direction and control of the affairs of VacationLand Federal Credit Union in accordance with National Credit Union Administration rules and regulations and sound business practices. The Board delegates the day-today activities through policies to Senior Management of the credit union. Directors serve for a term of three years with an equal number of terms expiring at the end of each annual meeting.

Monthly meetings are held by the Board to conduct the business of the credit union by reviewing its performance and policies. Once per year the Board also meets with Senior Management for a full day session to develop the annual strategic plan. The Board of Directors members are:

Jude Hammond, Chairman

Jan Sadoski, Vice Chairman

Marcia Renande, Secretary

Tracy Luc, Treasurer

Christine Giardina, Director

Martha Thompson, Director

Joel Hassinger, Director


Supervisory Committee

The Supervisory Committee consists of credit union members appointed by the Board of Directors and who serve 1 to 3 year terms. These volunteers are responsible for monitoring VacationLand Federal Credit Union's financial security and soundness and its compliance with various financial and regulatory requirements.

In fulfilling these responsibilities, the Supervisory Committee recommends to the Board for ratification, the appointment of an independent audit firm to annually examine the financial statements of the credit union. Just like the Board of Directors, the Supervisory Committee also holds monthly meetings to review internal audit services, internal controls, risk management processes, and examinations by regulatory agencies.

The Supervisory Committee members are:

William Stauder, Chairman

Theresa Barylski

Christopher Palmer

Lynn Sartor

Jacquelyn Streng


page image