Board of Directors

Credit Unions are not for profit cooperatives owned by their members, with Board of Directors who oversee the operations—not a highly paid group of outside stockholders. This unique philosophy is what sets your credit union apart from other financial institutions, and without a volunteer Board of Directors, we would not be able to provide low-cost services.

If you’d like to be more involved with your credit union and have a strong desire to help Northwest Resource Federal Credit Union continue to succeed and grow, we encourage you to apply for one of the available positions.

Specific Responsibilities

• Make strategic decisions regarding the course of action for the Credit Union by establishing objectives, formulating policy and approving goals and programs.
• Set rates on savings and loan products. Establish pricing policy on member services and fees.
• Hire, fire and evaluate the Credit Union's president.
• Approve pay practices and benefits for Credit Union staff as recommended by management.
• Participate in standing committees as appointed by the Board chair.
• Ensure that the Credit Union meets all federal and state regulations and guidelines.
• Monitor activities of and appointments to the Supervisory Committee.
• Maintain, review and update the Credit Union bylaws.
• Maintain the confidentiality of all Credit Union business.
• Attend and actively participate in monthly Board meetings and the annual planning session

At the next Annual Meeting of members, our members will vote on those they wish to represent them on the Board of Directors.

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Supervisory Committee

The committee is appointed by the NRFCU Board of Directors and is comprised of volunteers who are member-owners of the credit union. Its primary function is to serve as the audit committee of the credit union, ensuring that it is soundly managed and that member assets are safeguarded. To fulfill its function, the committee will monitor and evaluate the quality of credit union finances, operations, and decisions.

Specific Responsibilities

• Safeguard NRFCU member assets by initiating ongoing internal and yearly external audits.
• Periodically verify teller cash and member account balances.
• Review NRFCU’s policies, procedures, and operations.
• Review the minutes of meetings held by the NRFCU Board of Directors and standing committees.
• Evaluate NRFCU internal controls and financial position.
• Keep abreast of consumer laws and regulations and determine NRFCU’s compliance with them.
• Collaborate with regulatory examiners during their reviews/exams.

Experience in bookkeeping, accounting, auditing, finance, systems analysis, or documentation review is helpful in this position, as you are responsible for carrying out audit and verification functions.

Positions may not always be available, but your interest and information will be kept in a file for possible openings.

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Volunteer Qualifications & Application

Volunteer Qualifications for Board of Directors and Supervisory Committee positions include:

1. Must be a member in good standing.
2. Must be at least 18 years of age.
3. Must be bondable by the Credit Union’s fidelity bond company.
4. Must authorize a criminal background check and a credit check.
5. Must complete a volunteer application. (additional requirements listed in application)

Additional qualifications and responsibilities are included in each job description:

• Board of Directors Job Description
• Supervisory Committee Job Description

If you are interested and would like to submit your name for consideration or if you would like more information please contact Gail James at gjames@nrfcu.org or 503-220-2592 ext 105.

To apply, please complete this application and mail to: Gail James, NRFCU, 221 NW Second Ave, Portland, Oregon 97209.

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