PSECU Credit Committee
The Credit Committee is responsible for ensuring that borrowers have the ability to repay loans granted by PSECU. This committee has the highest credit granting authority for consumer loans. They may delegate its authority to one or more loan officers, in turn, each loan officer furnishes to the Credit Committee a record of each loan approved or not approved.
- Elizabeth J. Zeisloft, Chair
- Ronald Kirby, Member
- Leonard Knepp, Member
- Michael Truskey, Alternate
Additional Committees
- Executive Committee
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The Executive Committee is comprised of the Board Chair, Vice Chair, Treasurer and Secretary/Assistant Treasurer. They view the establishment of an Executive Committee as a means of addressing its commitment to ensuring good corporate governance. Their primary function is to exercise powers of PSECU's Board of Directors, between regularly scheduled Board meetings, when it is not practical or feasible for the full Board to meet.
- Asset Liability Management Committee
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The Asset Liability Management Committee (ALCO) is comprised of the Board Treasurer and two other Board members selected by PSECU's Board Chair. Addition, the committee consists of five members of PSECU management. ALCO oversees the balance sheet management of PSECU. They have the responsibility for coordinating the credit union's overall financial position.
- Audit Committee
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The Audit Committee is comprised of four Directors who are appointed annually by PSECU's Board Chair. Their primary function is to assist the Board of Directors in fulfilling its oversight responsibilities related to PSECU's systems of risk management, control and governance. They play an active role in ensuring PSECU's financial statements and related disclosures fairly represent the organization's financial position. Additionally, they outline steps to ensure that evolving expectations in the areas of compliance and ethics are met and that PSECU's reputation is protected.
- Scholarship Committee
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The Scholarship Committee is comprised of four or more Directors, Emeritus Directors or Associate Directors as appointed by the Board Chair. PSECU's Board of Directors views the establishment and ongoing maintenance of the Board Scholarship Program as a means of addressing its commitment to promote excellence and financial literacy to its student members. Their primary function is to assist PSECU's Board of Directors by selecting Scholarship awardees on an annual basis.
- Nominating Committee
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The Nominating Committee is comprised of no fewer than three PSECU members and is annually appointed by PSECU's Board Chair. They are responsible for accepting candidates' requests to serve on the Board of Directors and the Credit Committee. They are accountable for providing the Board of Directors with recommendations of future Directors. This is done after a careful review of the candidates' qualifications.