Heard of the Supervisory Committee?

During the week of January 24th, 2011, auditors from the accounting firm Macdonald Page & Company will be at the Credit Union performing an annual audit. The firm was hired by our Supervisory Committee to accomplish multiple objectives: certify the accuracy of our financial statements, conduct a verification of Member accounts, review our adherence to policies, monitor the performance of the Credit Union and evaluate other critical areas of operation.

After mentioning this, we wanted to ask a question. Do you know what the Supervisory Committee does at the Credit Union? Another question: Did you even know that it existed? We figured it may be time to remind or enlighten you about the primary role of the Supervisory Committee. The committee at the Lisbon Credit Union is very active and displays a strong desire to see the organization succeed. The group consists of five Credit Union Members who serve as volunteers without compensation. Each month, they assemble together and review loan files, closed account notices, investments, teller cash totals and other items. Basically, the Supervisory Committee is another set of eyes to help make sure the Credit Union is being managed properly and that Member assets are safe and secure. For a list of committee members, click on this link to our website: https://www.lisboncu.org/About-Us/Volunteers-and-Staff.aspx. If there are any negative issues that arise, they in turn notify the Management Team and the Board of Directors.

We are happy to report that the Lisbon Credit Union’s financial performance is excellent – thanks in part to the Supervisory Committee. We invite all Members to contact the committee if there is a need to surface an issue or to report an unresolved complaint. As always, please feel to contact the Credit Union with any questions or comments.

Building Futures. Preserving Dreams.

Got a Theme for Moxie?

Besides the 16 inches of snow that fell in the town of Lisbon this past Wednesday, we are pleased to offer another reason to look forward to the warm days of July. The 2011 Moxie Festival Committee has recently launched a contest to seek out the theme for the upcoming festival. Do you have a cool idea for a theme? Here’s your chance to share it!

Submitting an idea to the committee is pretty simple. Contestants will be able to access an entry form on the festival’s website and have a choice to mail or email a copy to Debra Wagner. All the detailed information is available on the contest form itself and for convenience purposes, we included the form below. The contestant who submits the winning theme idea will be awarded with a deluxe Moxie-filled basket and a VIP pass to hang out on the parade review stand while the parade’s in progress. This sounds like a great deal just for thinking outside the box! Be aware that the deadline for this contest is rapidly approaching—January 31, 2011.

The 2011 Moxie Festival will take place on July 8-11 and will again feature a three day Pow Wow, fireworks, parade, 5K road race and a river race on the Androscoggin River. For more information, please visit the festival’s website, www.MoxieFestival.com, and stay updated on the progress of this neat contest.

ENTRY FORM

Building Futures. Preserving Dream.