TAPCO Supervisory Committee Open Position
The TAPCO Supervisory Committee is accepting nominations for an open position on the committee for a three-year term.
Our Nominating Committee will review applications and a recommended slate of candidates will be provided to the Supervisory Committee for the selection and appointment of a new member during the month of September 2021.
TAPCO members who are interested in serving on our Supervisory Committee may contact Shima Pulicicchio at our Administrative Office for an application form at candidates@TAPCOcu.org or at (253) 565-9895. Applications must be received by August 31, 2021 to be considered.
The appointed candidate will be notified of their appointment on October 1, 2021.
Supervisory Committee Responsibilities
- Keep fully informed of the financial condition of TAPCO Credit Union.
- Keep fully informed as to those decisions made by TAPCO Credit Union's Board of Directors.
- Perform or authorize an annual audit of TAPCO Credit Union, and report the findings of the audit, along with any related findings and recommendations, to TAPCO Credit Union's Board of Directors.
- At least every other year, verify members' share and deposit accounts.
- Make a report to members at TAPCO Credit Union's annual membership meeting.
- Perform or arrange additional audits requested by the Board or management and provide any related findings and recommendations to the Board or management;
- Monitor the implementation of management responses to material adverse findings in audits and regulatory examinations; and
- Regularly receive training to enhance knowledge of the ever-changing regulatory environment.
- Receive and respond to whistleblower complaints.
Minimum Qualifications for Position on the Supervisory Committee
- Must be a member in good standing of the credit union for at least one year prior to the date on which your name would be placed in nomination for election or appointed to serve on either the Supervisory Committee or Board of Directors.
- The Applicant shall have previously demonstrated personal and financial responsibility and possess a credit rating devoid of unexplained bankruptcies, collections or excessive personal indebtedness. Applicant must also demonstrate personal and financial responsibility in their professional life.
- To qualify to serve, an applicant must be bondable.
- Applicant is not currently an employee or has been an employee of the Credit Union or its subsidiaries for the past two (2) years.
- At the time of application, the Applicant must disclose any civil litigation or criminal action in which the Applicant is or has been a named party or defendant in the past three (3) years.
- At the time of application, the Applicant must disclose any action taken against Applicant (within three years prior to the date of the application) by any professional licensing authority.
- At the time of application, Applicant must have a personal reputation that would not harm or reflect adversely upon the Credit Union.
- The Nominating Committee shall deny nomination or appointment if the Applicant fails to meet the minimum qualifications set forth above. The Nominating Committee may request additional information from the Applicant in order to assess qualifications.
- The Nominating Committee will notify TAPCO membership of the Committee’s recommendation of each qualified candidate on the ballot.
- Recommendation from the Nominating Committee will be reflected as:
- Highly Recommended for the TAPCO Board/Supervisory Committee.
- Recommended for the TAPCO Board/Supervisory Committee.
- Not Recommended for TAPCO Board/Supervisory Committee.
- All recommendations will be reported to the Board Principal Officers.