Joining the Board of Directors is an opportunity to help shape the future of our credit union and ensure we continue to serve our members effectively. The role of a volunteer director is to provide strategic leadership and oversight, ensuring the credit union operates in a way that is financially sound, legally compliant, and aligned with the needs of our members.

Role: Volunteer Board Member

Reports To: Members and the Credit Union Board

Main Purpose of the Role:

As a Volunteer Board Member, you'll play a crucial part in the strategic direction and success of our credit union. Your main responsibilities include:

• Shaping the Future: Help create policies and plans to guide the credit union's future goals.
• Ensuring Financial Health: Evaluate our financial performance to ensure the credit union remains strong and healthy.
• Maintaining Compliance: Make sure all operations are in line with the law and our internal policies.
• Advocating for Members: Represent the credit union to our members and the wider community, ensuring our services meet their needs.

Specific Responsibilities:

• Financial Oversight: Approve the credit union’s budget, set lending and savings rates, and recommend an annual dividend.
• Operational Management: Oversee the procurement of goods and services and ensure we have the right staff structure and systems in place.
• Leadership & Governance: Approve the General Manager’s job description and appointment and ensure a business recovery plan is in place.

Knowledge & Participation: Attend regular Board meetings and other committees and stay up to date on relevant credit union laws and procedures through training.

For more information, email: manager@gatewaycu.co.uk