Board of Directors
The Board of Directors is responsible for directing and controlling the affairs of the credit union. Though they don't perform the tasks themselves, the board is ultimately responsible for making sure the credit union:
- Is capably managed by a knowledgeable CEO and experienced staff
- Operates using sound business practices
- Complies with all applicable laws and regulations
- Achieves the goals stated in the charter and the strategic plan
- Fulfills its purpose of making low-cost loans and encouraging thrift
- Provides adequate financial reserves to cover delinquent loans and other losses
- Protects against unauthorized or illegal acts through safe operating procedures and purchase of fidelity bond coverage
To carry out its role in meeting these requirements, the board develops policies, approves programs, hires and evaluates the CEO, and appoints committees.
Chairman of the Board
Bea Ann Melichar
Serving members, controlling risk, and managing operations.
Chief Executive Officer
Chief Risk Officer
Chief Operations Officer
Chief Financial Officer
SVP of Business Development
VP of Information Technology
The Supervisory Committee is responsible for making sure the credit union’s financial records are in order and that internal controls are in place to protect the assets of the credit union and its members. The committee does this by making sure that an annual audit is conducted and ensuring internal controls are tested regularly.
The Supervisory Committee is responsible for ensuring that the board of directors and management of the credit union:
- Meet required financial reporting objectives and
- Establish practices and procedures sufficient to safeguard members’ assets
Valley’s Supervisory Committee meets on the 4th Wednesday of each month at 7:00 a.m.