Audit & Financial Management — Current experience including: reading and interpreting corporate financial statements, understanding the relationship between financial performance and strategic plans and the ability to identify/describe organizational risks and controls. The Board is looking for at least one Director to have a CPA Designation.
Information Technology — Current experience including: oversight of management of information technology systems for a corporate enterprise including an understanding of the requirement, strategy, risk and regulatory issues surrounding information management as they pertain to a financial institution.
Capital Markets/Treasury — Current experience including: understanding liquidity management, interest rate risk management, foreign currency risk, asset liability management and derivative and capital markets as they pertain to a financial institution, and supported by relevant courses and/or designations.
Coastal Community Credit Union's Nominating Committee interviewed all candidates. Candidates were assessed on all areas of expertise, including those identified above. The interview's purpose is to identify and recommend candidates that we believe understand the importance of good governance and will help Coastal Community achieve its vision.