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Supervisory Committee Chairman’s Report 2023

May 3rd, 2024

The supervisory committee works to safeguard member assets by ensuring the credit union conducts operations in a safe and fiscally responsible manner.

Century Credit Union underwent comprehensive examinations and audits during 2023, all yielding positive results.

Examiners from the state regulatory agency (the Missouri Division of Credit Unions) found the credit union fully compliant with all safety and soundness laws.

Furthermore, J. Tenbrink & Associates conducted a detailed annual audit of the credit union’s financial statements. In all areas reviewed for the fiscal year ending September 20, 2023, excellent reports were given, with no material items noted by the certified public accounting firm.

The supervisory committee can say, with complete confidence, that Century Credit Union continues to maintain a high level of safety and soundness. The results of the examinations and audits underscore the dedication and professionalism of our staff. Their commitment to excellence has contributed significantly to the credit union’s outstanding performance.

We will continue to serve as a watchdog of the credit union’s financial affairs and address any findings and recommendations from federal (National Credit Union Administration) and state examiners, as well as independent auditors, in 2024.

William Sip, Supervisory Chairman