AUDIT COMMITTEE REPORT
Robin Morris , Audit Committee Chair
The Audit Committee of UNCLE Credit Union independently evaluates the soundness of UNCLE Credit Union’s operations and activities. Throughout the year, the committee meets with management to monitor the internal controls and initiatives implemented.
The Audit Committee also meets with various regulators and oversees the internal audit function as well as meeting with the financial statement auditors to discuss the annual audit. Based on the results of the annual audits performed by our certified public accountants, as well as examinations conducted by state and federal regulators, we conclude that UNCLE Credit Union has adequate financial controls and is financially sound.
KEY PERFORMANCE METRICS
ASSETS
2022 $54,804,662
2022 $734,869,392
2020 $50,915,650 2021 $54,464,983
2021 $635,989,386
2020 $568,131,777
NET WORTH
LOANS
2022 $602,137,653
2021 $484,186,255
2020 $459,688,150
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