Company Spotlight: Family Trust Federal Credit Union
Family Trust Federal Credit Union is a growing York County credit union with over 50,000 members and growing. Family Trust consists of financial professionals creating opportunities for members, board and committee members that are involved in the community, and members and stakeholders with a love for seeing York County grow and prosper.
Family Trust is a credit union cooperatively owned by its members, which means all profits benefit the greater membership instead of just a few stockholders. With seven full-service branches, Family Trust is also a significant employer in the area, especially for people in finance or other business-related fields. Keep reading to learn more about Family Trust.
The italicized text below is from Family Trust’s website.
Our Passion Lies With Our People
As a credit union cooperatively owned by our members, you will never find us using profits to please a few stockholders. Rather, we’re devoted to helping our members achieve financial success. We are members leading members, collaborating on ways to serve you better. Our volunteer board and committees include:
- Board of Directors
- Supervisory Committee
- Advisory Committees
The Supervisory Committee
This committee ensures that the financial condition of the credit union is accurately and fairly presented in financial statements, and the necessary internal controls are in place to protect our members’ assets. Their goal is to confirm that operations are performed with the highest degree of accuracy and integrity.
To accomplish these objectives, they engage an independent certified public accounting firm to perform an audit of financial statements, management practices, and procedures. They’re pleased to report there were no significant findings.
They also have internal audit staff, who report to the Supervisory Committee. Their duties are to review and audit internal controls, monitor compliance with regulations and policies, and provide reasonable assurance that risks are appropriately managed at the credit union. They also assist the committee in researching and investigating member complaints.
It is the opinion of the Supervisory Committee that Family Trust is financially sound and operating efficiently and effectively. The financial statements accurately represent its financial condition, and all business activities are handled in accordance with the Board of Directors’ policies and government regulations.
View and apply for open positions on Family Trust’s employer page.