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    About Us
    Posted on: Sep. 11, 2009 I like this  Like This     Email to a friend  Email to a friend     Subscribe for updates  Subscribe for updates
    Q. Why is your board involved in approving loans?

    A. Good question, our board of directors is NOT involved with loan applications, approvals or anything involving member loans or deposits for that matter. Synergy Credit Union’s board is responsible to set the strategic direction and define the type and level of service expected for members. They empower management to make member decisions and use resources appropriately to meet service expectations.

    In February 2007, the practice of using board credit committees was discontinued in favour of a credit committee consisting of three professional certified underwriters who meet on a daily basis to adjudicate and underwrite loan applications at Synergy Credit Union.

    Privacy and confidentiality of our members’ business is of utmost importance to us and we strive to implement policies and procedures to ensure we adhere to our principles.

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