Under the European Communities(Payment Services) Regulations 2009-Regulation 53
Regulation 53 set out the information, terms and conditions under which the Credit Union must abide by in the operation of members’ accounts
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AGM 2009
AGM 2009
The second operating principal of the credit union is Democratic Control. This principal becomes very evident at the AGM. The Annual General Meeting of the credit union is a forum that allows the adult membership of each credit union the opportunity to elect a Board of Directors
to run the credit union on their behalf an Auditor to examine and look after its financial affairs and a Supervisory Committee to oversee the boards operation on the members’ behalf. Every year at a suitable time after the year end (30th September) each adult member is sent a notification of the annual general meeting and a copy of the accounts for the previous year.
A section of the attendance at this year’s AGM and a picture of some of the directors conducting that meeting can be seen in the pictures attached.
