SUPERVISORY COMMITTEE
REPORT
SUPERVISORY COMMITTEE
REPORT
In accordance with the Federal Credit Union Act, the Supervisory Committee is responsible for ensuring that the Credit Union safeguards its assets, maintains adequate systems of internal control, and reports accurate financial information.
We meet regularly with Internal Audit and our external auditors to monitor and evaluate internal controls and to ensure that your assets are safeguarded.
The Committee also monitors the performance of Credit Union employees and volunteers, and the policies established by the Board of Directors to ensure their compliance. The Committee engages independent firms to perform the annual financial, 401k, IT, and other necessary audits.
Members can confidentially report perceived Credit Union violations of rules and policies, unethical behaviors, and other complaints directly to a dedicated post office box established for the Supervisory Committee:
Chevron Federal Credit Union Supervisory Committee P.O. Box 445, Concord, CA 94522
Based on the results of internal audits and external reviews for the year 2025, we conclude that Chevron Federal Credit Union has adequate internal controls and is financially sound.
Jim Killoran
Chair, Supervisory Committee
