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Atascadero Branch Construction Begins
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Supervisory Committee's Report
Five individuals are responsible for evaluating SESLOC's operations in several areas. Supervisory Committee members Mark Bloodgood, Terri Hansen, Susanne Swaggerty, Willard "Bill" Loper and myself meet monthly to review financial statements and to ensure accurate and fair representation of our credit union's financial condition. We also oversee internal controls to ensure that credit union practices and procedures safeguard members' assets.The Supervisory Committee engaged the certified public accounting firm of Clifton Gunderson, L.L.C. to audit and validate SESLOC's statements of financial condition for 2007, and to administer reviews of internal controls and financial procedures. Supervisory Committee members also met regularly with the SESLOC Board of Directors and management personnel to review internal controls for their departments. Our findings, and those of the independent auditors, indicate that SESLOC continues to be sound and well managed. We look forward to continuing our work on behalf of the SESLOC family of members into 2008.  Charlotte Alexander, Chair |
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This publication does not constitute legal, accounting or other
professional advice. Although it is intended to be accurate,
neither the publisher nor any other party assumes liability
for loss or damage due to reliance on this material. © 2008 SESLOC Federal Credit Union |