The Credit Committee is the statutory authority responsible for the granting of loans to members in accordance with policies established by the Board of Directors. The five officers are elected to office for two years and two alternates serve for one year. At least two members of the Credit Committee, together with the two alternates, are outgoing and eligible for re-election each year.
The approval of loans has been delegated over time to the General Manager and other staff as detailed in the Credit Union’s Credit Administration Policy. This Committee is also charged with reviewing the loans granted by the delegated authorities.