team meeting

Our Board of Directors

Oxford Federal Credit Union is a not-for-profit financial institution that relies on volunteers for its Board of Directors and Supervisory Committee. These elected officials, who oversee the credit union operations, are announced at each Annual Meeting.

We have a talented and diverse group of volunteers who are dedicated to serving and helping ensure that Oxford FCU operates in a sound and fiscally responsible manner.

Join the board!

If you are interested in joining our board of directors as a member volunteer, you can pick up nomination papers at a branch location or click here to download. Completed packets need to be returned by January 13, 2023.

Any member not nominated who still wishes to run for election can choose to be nominated by petition. A petition must be signed by at least 1% of OFCU's membership (180 members). Nomination by Petition packets must be completed and filed by March 3, 2023.  You can download one here or pick up at one of our branches.
 
The election of the Board of Directors will be held at our Annual Meeting in April - date, time and location TBD.


Board of Directors:
David Leclerc: Chairperson
Owen Melville: Vice Chairperson
Michael Madore: Secretary/Treasurer
John F. Walker
Peter Gautreau
Barbara Arsenault

Associate Board Members:
Chris Carver

Supervisory Board Members:
Sheryl Briggs
Lisa Doherty
Barbara Lane
Mitzi Sequoia
Each member of Oxford FCU’s Board of Directors is elected by the membership to serve a three-year term. The board sets Oxford FCU policy and oversees management in the overall running of the Credit Union.

Specific board responsibilities include:
• Making strategic decisions, establishing objectives, formulating policy, and approving goals and programs.
• Setting rates on savings and loan products and establishing pricing policy on member services and fees.
• Hiring, terminating, and evaluating the credit union’s president.
• Setting and approving pay practices and benefits for credit union staff as recommended by management.
• Participating in standing committees as appointed by the board chair.
• Ensuring that the credit union meets all federal and state regulations and guidelines.
• Monitoring activities of and appointments to the Supervisory Committee.
• Maintaining, reviewing and updating the credit union bylaws.
• Maintaining the confidentiality of all credit union business.
• Attending and actively participating in monthly board meetings and the annual planning session.

Supervisory Committee
The Supervisory Committee is appointed by the board of directors and is comprised of volunteers who are member-owners of Oxford FCU. The committee maintains oversight of the safety and soundness of Oxford FCU.

Specific responsibilities include:
• Helping to safeguard Oxford FCU member assets by initiating ongoing internal and yearly external audits.
• Periodically verifying teller cash and member account balances.
• Reviewing Oxford FCU’s policies, procedures and operations.
• Reviewing the minutes of meetings held by the board of directors and standing committees.
• Evaluating Oxford FCU’s internal controls and financial position.
• Keeping abreast of consumer laws and regulations and determine Oxford FCU’s compliance with them.
• Collaborating with regulatory examiners during their reviews/exams.









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